142-144a Victoria Street South

Grimsby, DN31 1NX

Buy £195,000

Two, three storey mixed use premises on the periphery of the town centre

Commercial accommodation extending to approximately 168.9 sq m (1,818 sq ft) overall

Currently generating an income of £19,700 per annum

Comprising ground floor retail with office and residential accommodation above - Businesses unaffected

Guide Price £195,000 (Reflecting a gross yield of 8.75%)

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The town of Grimsby is located within North East Lincolnshire and has a population of approximately 88,250 (Source: Census 2011). Within this context, the property is situated on the southern side of Victoria Street South, which adjoins the prime retailing pitch within the town centre approximately 0.1 miles to the west. Transport links to the property are good, with the central bus stops being located on Victoria Street/Town Hall Street, as well as a taxi rank directly outside.


The property comprises two, three-storey, mixed-use commercial premises, the ground floor of both parts comprising retail accommodation with staff ancillary facilities to the rear accessed directly from Victoria Street. The upper floors provide either office accommodation (142a Victoria Street) or residential accommodation (144a Victoria Street) accessed via private entrances from Upper Burgess Street.

Nearby occupiers include LAW Amour, Staff Rite recruitment, Swinton Insurance and a variety of other local retailers, professional service providers or licenced premises.


142-142a Victoria Street   142-142a Victoria Street  
Ground Floor (142)   Ground Floor (144)  
Retail48.3 sq m(520 sq ft) Retail46.9 sq m(505 sq ft)
Ancillary4.5 sq m(48 sq ft) Ancillary4.4 sq m(47 sq ft)
First Floor (142a)   First Floor (144a)  
Office/Studio37.9 sq m(408 sq ft) ResidentialUnmeasured 
Second Floor (142a)   Second Floor (144a)  
Office/Studio26.9 sq m(290 sq ft) ResidentialUnmeasured 


The entire property is offered For Sale at a guide price of £195,000, subject to the leases, reflecting a gross yield of 8.75%.

PropertyTenantLease TermExpiringRentRateable Value /
Council Tax
142 Victoria StreetJ Parr10 yearsFebruary 2023£6,000 pa£4,750Awaiting Confirmation
142a Victoria StreetA Szatandera5 yearsJune 2021£3,500 pa£3,950G
144 Victoria StreetK Roffee & Z Twinning5 yearsJuly 2023£6,000 pa£4,600Awaiting Confirmation
144a Victoria StreetIndividual6 months ASTMay 2016£4,200 paAE

Property Enquiry

142-144a Victoria Street South

142-144a Victoria Street South