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158 Grimsby Rd 528 SF 100% Leased Retail Building Cleethorpes DN35 7DL $331,849 CAD ($628.50 CAD/SF) 7.72% Cap Rate



EXECUTIVE SUMMARY
A great opportunity has arisen to purchase this part-let investment property, situated in a prominent position on Grimsby Road. The property
comprises a Ground floor retail unit with three additional one bed flats, achieving a combined rent of £13,900 Per Annum, equating to a gross
initial yield of 7.12%
comprises a Ground floor retail unit with three additional one bed flats, achieving a combined rent of £13,900 Per Annum, equating to a gross
initial yield of 7.12%
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
528 SF
Building Class
B
Year Built
1960
Price
$331,849 CAD
Price Per SF
$628.50 CAD
Cap Rate
7.72%
NOI
$25,604 CAD
Percent Leased
100%
Building Height
1 Story
AMENITIES
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Grimsby Computer & Console Repairs
- -
- 528 SF
- -
- Dec 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Grimsby Computer & Console Repairs | - | 528 SF | - | Dec 2027 |
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NEARBY MAJOR RETAILERS
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158 Grimsby Rd
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