Alexandra Road, Cleethorpes, North East Lincolnshire, DN35
£76.63 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,088 sq ft
194 sq m
- SECTOR
Commercial property for sale
Key features
- Current rental income of £17,000 per annum with potential rent increase in November 2023 to Market Rent or RPI, whichever be the higher.
- Popular seaside location.
- Net initial yield of 10.4%.
Description
The property comprises a mid-terraced double fronted ground retail property which is now operating as a café and is currently laid out to provide a counter area with two separate seating areas, preparation area, kitchen, stores, WC's, including a disabled WC, together with a rear garage and a first floor office/store.
The property benefits from fitted lighting, together with gas central heating to wall mounted radiators.
Current rental income of £17,000 per annum with potential rent increase in November 2023 to Market Rent or RPI, whichever be the higher.
Popular seaside location.
Net initial yield of 10.4%.
Brochures
Alexandra Road, Cleethorpes, North East Lincolnshire, DN35
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cleethorpes Station0.1 miles
- New Clee Station1.6 miles
- Grimsby Docks Station2.2 miles
About PPH Commercial Limited, Scunthorpe
First Floor, Prince House, Arkwright Way, Scunthorpe DN16 1ADNotes
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