Grimsby, North East Lincolnshire, For sale investment

Lovelle Commercial

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· Joined: Feb 19, 2011

£139,950

Grimsby, North East Lincolnshire, For sale investment

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Grimsby, North East Lincolnshire, For sale investment in Grange LIN is a House

Price:

£139,950 Get Prequalified Today

Contact:

01472 353436

Location:

Grange, Lincs

Description:

For sale investment opportunity (Business unaffected) with a ground floor retail unit (convenience store and off licence) and first floor independently accessed flat.

LOCATION
The property is situated on the corner of Chelmsford Avenue and Westward Ho, within the heart of Grimsby, in what is considered to be a good trading position lying close to the Grimsby Institute, local schools and within a parade of other retail users including Chinese and Indian takeaways, Bet Fred, Hairdressers and Chemist.
DESCRIPTION
The property comprises a semi detached lock up ground floor retail unit.
GROUND FLOOR ACCOMMODATION
Retail Unit totaling 67m sq (722sq ft)
3 No. Stock Rooms totaling 36.3m sq (390sq ft)
Kitchenette
Separate wc.
FIRST FLOOR ACCOMMODATION
Accessed from the side elevation totaling 65m sq (700sq ft) comprising:-
2 Bedrooms
Reception Room
Kitchen
Landing
Bathroom encompassing bath, wash hand basin and wc
OUTSIDE
The property has a concreted forecourt to both front and side elevations. Garaging to the rear has been converted to form store rooms leased by the commercial ground floor unit.
SERVICES
All mains services are connected to the property.
The first floor flat benefits from gas fired central heating to radiators.
The agents confirm that the services were not tested at the time of inspection and prospective purchasers are advised to check on the adequacy of these services for their purposes.
TENURE
We are advised that the property is Freehold.
INCOME/TENANCIES
The ground floor unit is held on a 20 years lease from May 2009 on a full repairing and insuring basis having a five yearly rent review pattern, current rent passing 10,400 per annum.
The first floor flat is held on an assured shorthold tenancy arrangement at a rent of 75.00 per week, equating to 3,900 per annum, having scope for rent increase to 80.00/85.00 per week.
PRICE
139,950 (Newly Reduced) for the Freehold Interest, subject to contract.
RATEABLE VALUE
We are verbally advised by North East Lincolnshire Council that the Rateable Value is 4,350 under the current assessment for the ground floor. The first floor accommodation is separately accessed for Council Tax purposes to Band A.
Interested parties are advised to confirm this with the Local Authority. Rateable Values can change and the rates payable can vary due to changes in transitional relief.
VIEWING
For further information, please contact the sole selling/letting agents Lovelle Bacons Commercial Tel 01472 353436

Whilst every endeavour has been made to ensure the accuracy of these particulars, no responsibility is accepted for errors of description or measurement and they do not form part of a contract. Purchases are advised to satisfy themselves as to the accuracy of all such statements. Plan/s for identification purposes only. These particulars are given on the express understanding that all negotiatons must be carried out through Lovelle Bacons Commercial.
VAT Applications are advised that VAT may be charged on the transaction at the appropriate rate.

Property Type:

Single-Family Houses

Sq feet:

390 sq. ft.

For sale by:

Agent/Broker

Phone:

01472 353436

Posted:

February 17 2011 on Facebook

Contact:

01472 353436