18 Victoria Street & 5 West St Marys Gate

Grimsby, DN31 1DG

Buy £300,000

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

Download property details

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.

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.

Description

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 Bank

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 p.a.

£21,000 p.a.

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.

Property Enquiry

18 Victoria Street & 5 West St Marys Gate

18 Victoria Street & 5 West St Marys Gate