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7 bedroom detached house for sale
Grimsby Road, Cleethorpes, N E Lincs, DN35
£279,950
Grimsby Road, Cleethorpes, N E Lincs, DN35
£279,950
Our Summary
- Offering an estimated rental income of £42,000 per year (subject to high-quality refurbishment and compliance with current regulations), this property promises excellent potential as a multi-unit investment
- The property as a whole would benefit from modernisation, making it an ideal project for investors aiming to maximise rental yield and tenant appeal
- This is a rare 7-in-1 investment opportunity in a thriving coastal town, offering scope for significant returns with the right improvements
- Don’t miss your chance to unlock the full potential of this property
Description
This 7-apartment block on Grimsby Road in Cleethorpes presents an exciting investment opportunity, with an estimated rental income of £42,000 per year pending high-quality refurbishment and compliance with current regulations. The property features six apartments with shared communal entrances, plus a separate coach house-style maisonette with its own private entrance. Each apartment has its own kitchen, living area, and bathroom, providing self-contained living spaces. The property would benefit from modernisation, making it an ideal project for investors looking to maximize rental yield and tenant appeal. The block also features a courtyard with off-road parking, a valuable amenity in this desirable location. With Cleethorpes' amenities, including shops, restaurants, and public transport links, just a short walk or drive away, this is a rare 7-in-1 investment opportunity in a thriving coastal town, offering significant returns with the right improvements.