Mixed-use investment
Two ground floor retail units
One-bedroom first floor flat
Income producing property
Popular local retail parade
Main road position linking Scartho and Waltham
The property is located on Waltham Road in the Scartho area of Grimsby, providing a key link between the villages of Scartho and Waltham and benefiting from strong levels of passing traffic. The premises have frontage to Waltham Road with roadside parking available, along with a free public car park opposite. Nearby occupiers include a mix of local businesses and national retailers.
Description
The property comprises a mixed-use building providing ground floor retail accommodation with a one-bedroom flat above. The main retail unit is currently used as a barbershop and includes a retail sales area to the front with kitchen and ancillary accommodation to the rear.
A further single-storey ground floor retail unit is located to the south within the same grounds and features a timber shopfront.
The ground floor retail unit is let until October 2027 at £7,776 per annum, subject to a tenant break option on two months’ notice. The outbuilding is let at £350 per month on a rolling basis and the first floor flat is let at £390 per month on an assured shorthold tenancy holding over since 2023.
Accommodation
Unit | Description | Area (sq m) | Area (sq ft) |
No.21 - Ground Floor Retail | Retail Sales Area Barbershop | 33.2 | 357 |
Ancillary accommodation | 20.0 | 215 | |
Total Ground Floor Retail | 53.2 | 572 | |
No.21a - First Floor Flat | One-bedroom flat | 56.0 | 603 |
Total First Floor Flat | 56.0 | 603 |
Terms
The freehold of the property, subject to the current occupation, is offered for sale at a guide price of £219,000.
Rateable Value
The premises are currently listed within the 2023 Rating List as ‘Shops and Premises’ with a Rateable Value of £9,600 (source: VOA website). The property will require reassessment should a change of use take place or should the premises be converted into flats. As of April 2026, the Rateable Value will reduce to £8,400.
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