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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

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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%

ATTACHMENTS

Brochure

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

NEARBY MAJOR RETAILERS

Costcutter
Morrisons
Heron Foods
Starbucks
Sainsbury's
Costa Coffee
National Westminster Bank Plc
Nisa
Lidl
  • Listing ID: 36638656

  • Date on Market: 2025-02-25

  • Last Updated:

  • Address: 158 Grimsby Rd, Cleethorpes DN35 7DL

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