3 bed Block of Apartments (Freehold)

2 Flats including garage / workshop.
A fully vacant investment opportunity on Cleethorpe Road, offering two self-contained flats and a large rear workshop with excellent income potential.
Ground Floor Flat
The ground floor flat offers a spacious and practical layout, featuring a generous lounge, a double bedroom, a separate sitting/dining room, a well-sized kitchen, bathroom, and a separate WC. There's also a hallway with storage. This unit is ideal for rental or owner-occupation and benefits from its own utilities.
First Floor Flat
Upstairs, the first floor flat comprises a bright living room, a double bedroom, a compact second bedroom/study, kitchen, bathroom, and separate WC. A landing with built-in storage completes the layout. Like the ground floor, this flat is independently metered and previously let as a standalone unit.
Outside - Garage/Workshop
To the rear of the property is a substantial detached garage/workshop offering excellent potential. This versatile space has served as a third rental unit and could continue as a workshop, secure storage, or be repurposed subject to planning.
Location
Situated on Cleethorpe Road, Grimsby (DN31 3BP), the property occupies a well-connected position with excellent access to everyday amenities, bus routes, and the town centre. New Clee train station is only a short distance away, providing convenient links across the region. Cleethorpes seafront, with its popular attractions, cafes, and coastline, is also within easy reach, making the area appealing to both long-term renters and those seeking proximity to leisure
facilities. This stretch of Cleethorpe Road continues to attract strong interest from investors due to its accessibility and rental demand.
Investment Potential Fully vacant and ready for its next chapter, this property presents a fantastic opportunity to modernise and maximise returns. With all three units previously let individually and separately metered, the estimated rental income could exceed £1,000pcm. Alternatively, subject to licensing and necessary alterations, conversion to a House in Multiple Occupation (HMO) could significantly boost income.
Both flats currently hold valid electrical reports, offering added reassurance for landlords and buyers. In addition, purchasers may wish to explore the potential to separate the title and sell the units individually, subject to their own legal and planning checks. This flexibility enhances the property's long-term value and exit strategy options.
Auctioneer comments
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.