154/154a Victoria Street South, DN31 1NX

154/154a Victoria Street South

Grimsby, DN31 1NX


Price   £85,000


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154/154a Victoria Street South

Grimsby

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  • Description

    LOCATION/DESCRIPTION

    The property comprises three storey mixed use commercial accommodation. The ground floor comprises open plan retail
    accommodation to the front with staff ancillary facilities to the rear accessed directly from Victoria Street. The upper floors provide
    office accommodation, comprising four offices with ancillary accommodation accessed via a private entrance from Upper Burgess
    Street. To the rear, the property benefits from four off-road parking spaces.
    Nearby occupiers include House of Hair & Beauty, Allenby Stevenson, B&M Home Store, Home Bargains and Manpower
    Recruitment.



  • Overview

    Three storey mixed use premises within Grimsby town centre - extending to c.104.9 sq m (1,130 sq ft) overall

    Comprising ground floor retail shop with separately accessed offices on the upper floors

    Potential to convert upper floors for residential purposes

    Off-road parking to the rear for four vehicles

    Guide Price £85,000 (Reflecting a gross yield of 10.3% when fully let)

  • Location

    The town of Grimsby is located within North East Lincolnshire and has a population of approximately 88,250 (Source: 2011 Census).  The property is located on the eastern 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. A large pay-and-display car park is also located on the opposite side of the road.

  • Accommodation

    In more detail the accommodation comprises

    Ground Floor    
    Retail 35.9 sq m (386 sq ft)
    Ancillary 5.6 sq m (61 sq ft)
    First Floor    
    Office 30.0 sq m (323 sq ft)
    Ancillary 4.7 sq m (51 sq ft)
    Second Floor    
    Office 28.7 sq m (309 sq ft)
  • Disposal Terms

    The premises are offered for sale as an investment, subject to the existing leasehold agreement

    The ground floor is let by way of an effective FRI lease, terminating in July 2021, although the tenant has the benefit of a break option, actionable in July 2020 at a rent of £5,000 p.a. The upper floors are currently vacant, but being marketed at a guide rent of £3,750 p.a., providing the new owner with a potential income of £8,750 p.a. when fully occupied.

  • Other Info

    ENERGY PERFORMANCE RATING: Ground Floor – D / Upper Floors - G

Overview
Description
Accommodation
Terms
Other Info

Three storey mixed use premises within Grimsby town centre - extending to c.104.9 sq m (1,130 sq ft) overall

Comprising ground floor retail shop with separately accessed offices on the upper floors

Potential to convert upper floors for residential purposes

Off-road parking to the rear for four vehicles

Guide Price £85,000 (Reflecting a gross yield of 10.3% when fully let)

LOCATION/DESCRIPTION

The property comprises three storey mixed use commercial accommodation. The ground floor comprises open plan retail
accommodation to the front with staff ancillary facilities to the rear accessed directly from Victoria Street. The upper floors provide
office accommodation, comprising four offices with ancillary accommodation accessed via a private entrance from Upper Burgess
Street. To the rear, the property benefits from four off-road parking spaces.
Nearby occupiers include House of Hair & Beauty, Allenby Stevenson, B&M Home Store, Home Bargains and Manpower
Recruitment.



In more detail the accommodation comprises

Ground Floor    
Retail 35.9 sq m (386 sq ft)
Ancillary 5.6 sq m (61 sq ft)
First Floor    
Office 30.0 sq m (323 sq ft)
Ancillary 4.7 sq m (51 sq ft)
Second Floor    
Office 28.7 sq m (309 sq ft)

The premises are offered for sale as an investment, subject to the existing leasehold agreement

The ground floor is let by way of an effective FRI lease, terminating in July 2021, although the tenant has the benefit of a break option, actionable in July 2020 at a rent of £5,000 p.a. The upper floors are currently vacant, but being marketed at a guide rent of £3,750 p.a., providing the new owner with a potential income of £8,750 p.a. when fully occupied.

ENERGY PERFORMANCE RATING: Ground Floor – D / Upper Floors - G

154/154a Victoria Street South

Grimsby , DN31 1NX


The town of Grimsby is located within North East Lincolnshire and has a population of approximately 88,250 (Source: 2011 Census).  The property is located on the eastern 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. A large pay-and-display car park is also located on the opposite side of the road.

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