DESCRIPTION:
Freehold, mixed use property. Formerly a restaurant, with accommodation above. Previously long standing rental income of circa £18,000 PA, generating a gross yield of circa 24% . Offering future potential subject to all consents. Total floor area circa, 500 square metres.
ACCOMMODATION:
Over four floors. Basement. Ground Floor; restaurant area, with large commercial kitchen. First floor; additional restaurant area with, WC’s. Second floor; living area, kitchen, five bedrooms.
Total floor area circa, 500 square metres.
LOCATION:
The town was named “Great Grimsby” to distinguish it from Little Grimsby, a village about 14 miles (23 km) to the south, near Louth. It had a population of 88,243 in the 2011 census and an estimated population of 88,323 in 2019. It forms a conurbation with adjoining Cleethorpes and the villages of Humberston, Scartho, Brigsley and Waltham. The 2011 census gave the conurbation a population of 134,160, making it the second largest built-up area in Humberside. It comes under the unitary authority of North East Lincolnshire. It is near the main terminus of the A180 at Cleethorpes.
TENURE:
Freehold.
UNCONDITIONAL LOT:
Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the day of auction (unless otherwise stated in the legal pack).
