Available
Grimsby – Detached House With Planning For 4 Flats
118 Weelsby Road, Grimsby, North East Lincolnshire DN32 0PUFreehold Detached House with Re-Development Opportunity
Price
£350,000
Rent P.A.
£10,620
Yield
3.03%
Tenure
Freehold
Lease Term
12 Months
Years Left on Lease
Holding Over
Area
1,614 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises corner detached house arranged over ground and first floor
- Property benefits from gas central heating and double glazing windows
- Planning granted for development of 4 self-contained 1-bedroom flats
- Located within 0.8 miles from Grimsby Town Rail Station
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises corner detached house, arranged over ground and first floor and benefits from front and rear garden, gas central heating and double-glazed windows.
The property provides the following accommodation and dimensions:
Ground Floor: 2 Reception Rooms, Dining Room, Kitchen, WC
First Floor: 3 Double and 1 Single Bedroom, Bathroom/WC
Development Opportunity:
Planning granted in July 2020 for change of use from a single dwelling to four self-contained 1-bedroom flats, with first floor extension to the rear, formation of new vehicular access, parking area, cycle storage and boundary treatments with various internal and external alterations.
The property would provide the following accommodation and dimensions:
Ground Floor: 75 sq m (807 sq ft)
Flat 1 - Kitchen/Living Room, Bedroom, Bathroom/WC 38 sq m (409 sq ft)
Flat 2 - Kitchen/Living Room, Bedroom, Bathroom/WC 37 sq m (398 sq ft)
First Floor: 75 sq m (807 sq ft)
Flat 3 - Kitchen/Living Room, Bedroom, Bathroom/WC 38 sq m (409 sq ft)
Flat 4 - Kitchen/Living Room, Bedroom, Bathroom/WC 37 sq m (398 sq ft)
Rear Garden: 4 Car Parking Spaces, Cycle Storage, Bin Storage
The property provides the following accommodation and dimensions:
Ground Floor: 2 Reception Rooms, Dining Room, Kitchen, WC
First Floor: 3 Double and 1 Single Bedroom, Bathroom/WC
Development Opportunity:
Planning granted in July 2020 for change of use from a single dwelling to four self-contained 1-bedroom flats, with first floor extension to the rear, formation of new vehicular access, parking area, cycle storage and boundary treatments with various internal and external alterations.
The property would provide the following accommodation and dimensions:
Ground Floor: 75 sq m (807 sq ft)
Flat 1 - Kitchen/Living Room, Bedroom, Bathroom/WC 38 sq m (409 sq ft)
Flat 2 - Kitchen/Living Room, Bedroom, Bathroom/WC 37 sq m (398 sq ft)
First Floor: 75 sq m (807 sq ft)
Flat 3 - Kitchen/Living Room, Bedroom, Bathroom/WC 38 sq m (409 sq ft)
Flat 4 - Kitchen/Living Room, Bedroom, Bathroom/WC 37 sq m (398 sq ft)
Rear Garden: 4 Car Parking Spaces, Cycle Storage, Bin Storage
Tenancy Description
The property is at present let to an Individual for a term of 12 Months from 24th March 2021 at a current rent of £10,620 per annum. Deposit held of £1,106.25. Mutual option to determine at any time with minimum 2 months notice.
Tenancies & Accommodation
Location Description
Grimsby, also Great Grimsby, is a port town and administrative centre of North East Lincolnshire, England, on the South Bank of the Humber Estuary close to the North Sea. Grimsby lies 15 miles (24 km) from the nearest motorway, the M180, which continues as A180 into the town and acts as a link with the national motorway network. The town is skirted by the A18, with the A46 passing through to provide a connection towards Lincoln, while the A16 links it to Louth and south and eastern Lincolnshire. Grimsby has rail links via Grimsby Town railway station and Grimsby Docks railway station. There is a level crossing in the centre of the town across Wellowgate. Trans Pennine Express provides direct trains to Manchester Airport via Doncaster and Sheffield.
