88 & 88a Hainton Avenue, Grimsby | Property for sale | Savills
Guide price £20,000($39,061)

88 & 88a Hainton AvenueGrimsby

  • Updated
  • Sole agency
  • Freehold
Investment
Yield 11%Yield

Key features

  • High Yielding Mixed Use Investment Opportunity
  • Ground Floor Let with Vacant Upper Parts
  • Producing £2,160 per annum
  • Long-Standing Occupier
  • Upper Parts Suitable For Conversion/Development (stp)
  • Asset Management Potential
  • Guide Price Reflects 10.8% Gross Yield
  • No VAT

Mixed Use Investment Opportunity - Ground Floor Let Producing £2,160 per annum Vacant Upper Parts Suitable For Conversion/Development (stp)

About this property

  • The property comprises a high yielding mixed use investment/development opportunity situated on a prominent corner site. Arranged across ground and first floors, the property is part-let, with a lease over the ground floor producing £2,160 per annum. The lease expired in 2019 and we understand the tenant is holding over and currently trading as a white goods retailer. The upper parts are vacant and comprise a separately accessed two bedroom flat. The property may suit development/conversion to alternative uses, including residential (subject to existing leases and any requisite consents). The property occupies a prominent corner site at the junction of Hainton Avenue and Sixhills Street, the is predominantly residential and therefore the property provides essential local retail amenity, with a range of potential occupiers.