Detached workshop/storage premises
Extending to approximately 44.4 sq m (478 sq ft) overall
Plot extending to 0.05 acres (0.02 hectares)
Private access road with yard
Suitable for a number of uses
The town of Grimsby forms part of the larger Grimsby and Cleethorpes conurbation with a population of approximately 88,250. The property is located approximately ¾ mile to east of Grimsby town centre within a densely populated residential area.
Description
The property comprises two storey brick-built premises under a pitched interlocking concrete tiled roof with a roller shutter access door and private yard area which itself is accessed via a secure accessway from Weelsby Street.
Internally the accommodation provides storage/workshop accommodation to ground floor with office/storage at first floor together with further ancillary facilities.
Accommodation
Ground Floor storage/workshop | 26.3 sq m | (283 sq ft) |
First Floor office/storage | 18.1 sq m) | (195 sq ft) |
Terms
The property is Let on a full repairing & insuring lease for a 5 year term, expiring 6 August 2028, at a passing rent of £3,900 p.a.
PRICE
The freehold interest subject to the current occupation is available For Sale at £45,000 reflecting 8.7% gross initial yield.
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 ‘Store & Premises’ with a Rateable Value of £1,575 (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.
ENERGY PERFORMANCE RATING: Not Required
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