Three-storey retail property
Extending to approximately 151.7 sq m (1,632 sq ft) overall
Potential open plan retail area Return frontage
Additional separate retail unit
Nearby occupiers include the Body Shop, Barclays Bank & McDonalds
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.
Description
The property is located on the southern side of the pedestrianised Victoria Street West, forming part of the main retailing are in the town centre. Internally, the property comprises a retail unit incorporating, a ground floor retail area with offices with storage and ancillary accommodation over the remaining floors.
An additional retail unit fronting West St Marys Gate is available to sublet and provides separate open plan retail accommodation. Nearby occupiers include the Bodyshop, McDonalds and Barclays Ban
Accommodation
18 Victoria Street, Grimsby | ||
Ground Floor Retail | 60.9 sq m | (655 sq ft) |
First Floor Office | 17.1 sq m | (184 sq ft) |
First Floor Storage | 11.0 sq m | (118 sq ft) |
First Floor Ancillary | 17.1 sq m | (184 sq ft) |
Second Floor Storage | 34.1 sq m | (367 sq ft) |
5 West St Marys Gate, Grimsby | ||
Ground Floor Retail | 11.6 sq m | (125 sq ft) |
Terms
The premises are offered For Sale at a guide price of £300,000, subject to the leases, reflecting a gross yield of 10%.
Property | Tenant | Lease Term | Expiring | Rent | Business Rates | EPC |
18 Victoria Street, Grimsby | Coopland and Son (Scarborough) Ltd | 5 years | 30 September 2026 | £30,000 per annum | £21,000 per annum | TBC |
5 West St Marys Gate, Grimsby | TBC | TBC | TBC | *£5,200 (quoting) | £2,475 | C (69) |
*Please note that 5 West St Marys Gate is available to sublet and the rent received is not in addition to that received but is included here for information purposes.
Copies of leases will be made available to bona fide parties on request.
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