10% Yielding Multi-Let Portfolio with Opportunities to Enhance
Summary
- 82% occupied
- Income producing circa £248,808 per annum
- 27 x Properties in total (6 x Residential, 10 x Mixed Use, 11 x Commercial)
- Asset Management opportunity
- Individual or part sales considered
- OIEO £2.5m reflecting a 10% GIY
Location
The portfolio is located across the neighbouring towns of Grimsby and Cleethorpes, having a combined population of approximately 120,000 people with a wider catchment area. Grimsby's econominc base has traditionally been centered around the seafood industry, but now encompasses a wider range of employers including engineering, petrochemicals, storage and distribution and the expanding renewables sector.
Cleethorpes is a well-established seaside town enjoying a number of seasonal visitors. Grimsby and Cleethorpes are situated on the south bank of the Humber with access to the national motorway network being gained via the A180.
The portfolio is well-positioned, benefitting from strong local amenities, good footfall and excellent transport links.
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Mainline Stations
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Cleethorpes2 mins
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New Clee30 mins
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Grimsby Docks40 mins
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Grimsby Town45 mins
Underground Station
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Broxbourne2420 mins
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Cheshunt2479 mins
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Theobalds Grove2493 mins
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Epping2494 mins
Further Information
Price Offers in excess of £2,500,000
Description
The portfolio comprises 27 properties in total (6 x residential, 10 x mixed use and 11 x commercial) across the neighbouring towns of Grimsby and Cleethorpes.
Further information can be provided via the dataroom, including AST's, EPC's and Title Registers.
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