Property Information
Address:
GROUND RENT INVESTMENT - 1 Eaton Court, Grimsby, Lincolnshire
, DN34 4UD
, Lincolnshire
, United Kingdom
Price: Buy: POA
Size: SOA
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH686587
Property Ref/Agent: 2306
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: September 20, 2024
Property description
The property comprises a three storey purpose built block constructed in the 1980s. The building provides 20 flats which are accessed from four independent entrances, leading to the hallways and stairwells, all of which form part of the common areas.
The site benefits from a block paved drive to the front and well maintained, landscaped gardens to the rear.
The town of Grimsby forms part of the larger Grimsby and Cleethorpes conurbation with a population of approximately 88,250.
The town is situated approximately 27 miles east of Scunthorpe and 32 miles south-east of Kingston-Upon-Hull. In recent years, Grimsby has experienced considerable investment following the large offshore wind farm projects with further investment anticipated following the establishment of the Renewable Energy Centre at the Grimsby Institute for Further Education and proposed phase 2 of the Hornsea Project.
Eaton Court is a cul-de-sac found off Augusta Street in a well regarded and much sought after residential area. The property is within close proximity of the town centre with its variety of amenities and facilities including the railway/bus stations. The
Wheatsheaf public house, Millfield's Hotel, Grimsby Institute and Peoples Park are all nearby.
Generating an income of £1,800 p.a
The lessees have elected to not take up their rights of pre-emption
Ten of the leases have less than 57 years remaining
Potential to increase ground rents in 2048
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