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Cleethorpe Road, Grimsby, DN31 3BL

£100,000

Bedrooms
14
Bathrooms
0
Tenure
Leasehold
Agent
Jackson Green & Preston
Floor Area
10,441 sq ft
Price / sq ft
£10
Listed 9d agoUpdated 12h ago

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Property Summary

Humber House is a fully let, mixed-use investment property located on a prominent corner at Cleethorpes Road in Grimsby, approximately 1.5 miles from the town centre. The substantial building comprises ground floor retail units, fourteen long leasehold residential flats, and seven brick-built garages, generating a total annual income of £26,110. The retail units are let to four tenants producing £21,600 per annum, while the flats provide secure ground rent income of £870 annually, and the garages contribute £3,640 per annum. Held on a 189-year lease from 1963 with a peppercorn ground rent, this long leasehold interest offers secure, diversified income with no ongoing rent liability to the freeholder. Humber House benefits from excellent transport links and presents a rare opportunity for investors seeking immediate returns and long-term asset management potential in a prime Grimsby location.

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