Acquired
Cleethorpes – Vacant Flat
131A Grimsby Road, Cleethorpes, Lincolnshire DN35 7DGVirtual Freehold Vacant Flat Investment
Investment Consideration
- Vacant possession
- ERV: £4,000 GIY: 11.43%
- Comprises 2-bedroom self-contained flat
- Total area size of 70 sq m (753 sq ft)
- Nearby occupiers include Tesco Express, McDonalds and Nationwide.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
The property comprises 2-bedroom self-contained flat at first floor and provides the following accommodation and dimensions:
First Floor: Residential Flat 70 sq m (753 sq ft)
2 Bedrooms, Kitchen/Living room, Bathroom/WC
First Floor: Residential Flat 70 sq m (753 sq ft)
2 Bedrooms, Kitchen/Living room, Bathroom/WC
Tenancy Description
The property is at present vacant. ERV: £4,000 per annum.
Tenure:
Long leasehold. To be held on a 999 Year Lease from completion at a ground rent of peppercorn.
Tenure:
Long leasehold. To be held on a 999 Year Lease from completion at a ground rent of peppercorn.
Location Description
Cleethorpes lies some 3 miles east of Grimsby and 31 miles north-east of Lincoln with good road access via the A48 and A180. The property is located within a local retail parade with nearby occupiers including Tesco Express, McDonalds, Nationwide and more.