Burgess Court, 156-166 Victoria Street South

Grimsby, DN31 1NX

Buy £295,000

Mixed use retail/residential premises on the periphery of the town centre

Commercial accommodation extending to approxmately 217.5 sq m (2,341 sq ft) overall

Currently generating an income of £27,250 per annum

Residential accommodation let on a single long-leasehold basis

Businesses unaffected

Guide Price £295,000 Reflecting a gross yield of 9.25%

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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.


The property comprises five storey mixed use premises, comprising flexible retail accommodation on the ground floor with a separately accessed 18 flat residential complex above. The ground floor is currently split to provide three, separately accessed, retail units but is designed to provide easy reconfiguration to six smaller units.

Nearby occupiers include Allenby Stevenson, B&M Home Store and Home Bargains in addition to a variety of other local retailers.



156 Victoria StreetRetail 23.0 sq m (248 sq ft)
158 - 160 Victoria StreetRetail 85.7 sq m (922 sq ft)
162 - 166 Victoria StreetRetail 108.8 sq m (1,171 sq ft)


The entire property is offered For Sale at a guide price of £275,000, subject to the leases, reflecting a gross yield of 7.6%.

PropertyTenantLease TermExpiringRentBusiness Rates/Council TaxEPC
156 Victoria StreetStar Rider5 years*December 2026£4,750 p.a.TBCTBC
158 - 160 Victoria StreetBusiness name TBC5 years*December 2026£9,500 p.a.TBC TBC
162-166 Victoria StreetManpower (UK) Ltd5 years*July 2023£13,000 p.a. £14,250TBC
Flats at 156-166 Victoria StreetHavelok Homes Ltd125 yearsMarch 2134Peppercorn

12 x B, 6 x C


Copies of the leases will be made available to bona fide parties on request.

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Burgess Court, 156-166 Victoria Street South

Burgess Court, 156-166 Victoria Street South