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.
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.
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.
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).