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158 Grimsby Rd 528 SF 100% Leased Retail Building Cleethorpes DN35 7DL $328,023 CAD ($621.26 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
$328,023 CAD
Price Per SF
$621.26 CAD
Cap Rate
7.72%
NOI
$25,309 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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