Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Joint LPA Receivers Knight Frank
Property Information
Location
Miles
34 miles north-east of Lincoln, 67 miles north-east of Sheffield, 74 miles south-east Leeds
Roads
A16, A46, A180, M180
Rail
Grimsby Town Railway Station
Air
Humberside Airport
Situation
The property is prominently situated on the pedestrianised Bull Ring Lane. To the rear is Grimsby Town Market which lies adjacent to Freshney Place Shopping Centre, housing retailers including House of Fraser and BHS. Other nearby occupiers include Wilko, Argos, Marks & Spencer and McDonald’s
Tenure
Freehold.
Location
Miles
34 miles north-east of Lincoln, 67 miles north-east of Sheffield, 74 miles south-east Leeds
Roads
A16, A46, A180, M180
Rail
Grimsby Town Railway Station
Air
Humberside Airport
Situation
The property is prominently situated on the pedestrianised Bull Ring Lane. To the rear is Grimsby Town Market which lies adjacent to Freshney Place Shopping Centre, housing retailers including House of Fraser and BHS. Other nearby occupiers include Wilko, Argos, Marks & Spencer and McDonald’s
Tenure
Freehold.
Description
Devonshire House is a substantial retail and office building, comprising two ground floor retail units with five floors of self-contained office accommodation above, accessed from Bull Ring Lane. The office accommodation on the second and third floors have recently undergone a programme of refurbishment. The property further benefits from a passenger lift.
Six Week Completion
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Devonshire House is a substantial retail and office building, comprising two ground floor retail units with five floors of self-contained office accommodation above, accessed from Bull Ring Lane. The office accommodation on the second and third floors have recently undergone a programme of refurbishment. The property further benefits from a passenger lift.
Six Week Completion
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
ROCKFORD TRADING COMPANY LIMITED (2) (t/a Uniform Direct)
From 01/05/2014
£13,500
30/09/2017
First
Offices
300.20 sq m
(3,231 sq ft)
INSPIRE 2 INDEPENDENCE (I2I) LTD (3)
5 years from 06/01/2015 (4)
£23,424
05/01/2020
Second
Offices
300.20 sq m
(3,231 sq ft)
VACANT POSSESSION
Third
Offices
300.20 sq m
(3,231 sq ft)
VACANT POSSESSION
Fourth
Offices
300.20 sq m
(3,231 sq ft)
VACANT POSSESSION
Fifth
Offices
258.20 sq m
(2,779 sq ft)
VACANT POSSESSION
Roof Aerial
-
ONE 2 ONE PERSONAL COMMUNICATIONS LIMITED
10 years from 25/06/2000
£7,000
Holding over
Roof Aerial
-
VODAFONE LIMITED
10 years from 07/12/2004
£8,750
Holding over
Totals
1,650.55 sq m
(17,767 sq ft)
£64,924
(1) For the year ending 06/09/2014, Lincolnshire Co-operative Limited reported a turnover of £245,839,000, pre-tax profits of £15,261,000 and a total net worth of £264,716,000. (Source: www.experian.co.uk 03/09/2015). (2) Rockford Trading Company Ltd was incorporated in 1996 and for the year ending 30/06/2014 reported a total net worth of £173,488. (Source: www.experian.co.uk 03/09/2015) (3) For the year ending 30/04/2014, Inspire 2 Independence (I2I) Ltd reported a turnover of £101,188,870, pre-tax profits of £162,462 and a total net worth of £600,943. (Source: www.experian.co.uk 03/09/2015) (4) The lease provides for tenant options to determine on the 24th June 2017 and 24th June 2018. NB. The property was subject to an agreement with Orange Personal Communications Limited which terminated in December 2014. Their equipment is still on site and the tenant has stated that they hope to complete removal of the equipment by the end of October 2015.
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