Office premises within Grimsby town centre
Approximately 139.3 sq m (1,499 sq ft) overall
Comprising 6 offices with ancillary accommodation over both floors
Close proximity to Freshney Place Shopping Centre
Nearby occupiers include McDonald’s, Savers, Greggs, Marks & Spencer & Poundstretcher
The property is located on the southern side of the pedestrianised Victoria Street West, which is considered to be the prime retailing pitch (outside the Freshney Place Shopping Centre) within the town centre. A large number of national and regional occupiers are represented including McDonald’s, Savers, Marks & Spencer, Greggs and Poundstretcher. The property is additionally well situated to benefit from close proximity to the Freshney Place shopping centre which is soon to undergo a multi-million-pound landmark mixed use leisure development. The proposed scheme will comprise a multi-screen cinema complex with a number of restauranteurs and act as a catalyst for further development and investment within Grimsby town centre.
Description
The property comprises the first and second floors of a three storey mixed use premises directly within the heart of Grimsby town centre, comprising two offices with large reception are and kitchen on the first floor and an additional three offices and staff WC facilities on the second floor. The property also benefits from a private entrance from Victoria Street West.
Accommodation
First Floor | ||
Reception / Offices | 55.5 sq m | (597 sq ft) |
Kitchen | 11.0 sq m | (118 sq ft) |
Second Floor | ||
Offices | 72.8 sq m | (784 sq ft) |
Terms
The property is currently let on an effective repairing and insuring lease for a 3-year term expiring 31 August 2026 at a rent of £5,000 per annum year 1, £5,500 per annum year 2 and £6,500 per annum year 3. The premises are held on a long leasehold basis for a term of 250 years from June 2016 at a ground rent of £20 per annum. The long leasehold interest is offered For Sale at a guide price of £65,000.
Rateable Value
The new occupier will be responsible for the payment of Business Rates at the property. The premises are listed within the Rating List as ‘Offices & Premises’ with a Rateable Value of £7,100 (2023 Rating List), although the premises will require reassessment should a change of use take place. The new occupier may be eligible for Small Business Rates Relief but should make contact with North East Lincolnshire Council for confirmation.
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