42-43
Alexandra Road, Cleethorpes, North East Lincolnshire, DN35 8LE
Under Offer
42-43
Alexandra Road
Cleethorpes
North East Lincolnshire, DN35 8LE
- Investment
- For Sale £160,000
- 2,088 sq ft (194 sq m)
The property is a Victorian property and comprises part ground and first floor being currently used as a café with a service yard/car parking to the rear which is accessed from Dolphin Street.
The property comprises a mid-terraced double fronted ground retail property which is now operating as a café and is currently laid out to provide a counter area with two separate seating areas, preparation area, kitchen, stores, WC’s, including a disabled WC, together with a rear garage and a first floor office/store.
The property benefits from fitted lighting, together with gas central heating to wall mounted radiators.
- Current rental income of £17,000 per annum with potential rent increase in November 2023 to Market Rent or RPI, whichever be the higher.
- Popular seaside location.
- Net initial yield of 10.4%.
