42-43

Alexandra Road, Cleethorpes, North East Lincolnshire, DN35 8LE

42-43
Alexandra Road
Cleethorpes
North East Lincolnshire, DN35 8LE

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  • 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%.

Contact

Duncan Willey BSc (Hons) MRICS Divisional Director
Duncan Willey
Duncan Willey
Sam Fallowfield BSc (Hons) MRICS Associate Director
Sam Fallowfield
Sam Fallowfield

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Learn More  

Want to find out more? Call us on Hull 01482 648888 Doncaster 01302 341041 Scunthorpe 01724 282278 Grimsby 01472 267513 York 01904 276017

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