Quayside Medical Centre
76b Cleethorpe Road
Grimsby
Lincolnshire
DN31 3EH

Freehold Medical Centre Investment

  • Part let to Secretary of State for Communities and Local Government
  • New 10 year lease to Secretary of State from April 2018 (subject to option)
  • Approximately 5,446 sq ft
  • Car parking for 19 cars
  • Future redevelopment potential (subject to leases and consents)
  • Lot
    45
  • Auction
    24/May/2018
  • Rent
    £27,863 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Medical/Healthcare
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • Quayside Medical Centre<br>76b Cleethorpe Road<br>Grimsby<br>Lincolnshire<br>DN31 3EH
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Property Information

Location
Miles
33 miles south-east of Kingston upon Hull, 35 miles north-east of Lincoln
Roads
A16, A180, M180
Rail
Grimsby Docks Railway Station (150m away)
Air
Humberside Airport
Situation

The property is located on the southern side of Cleethorpe Road (A180), close to its junction with Riby Square which connects to Freeman Street, approximately 3/4 of a mile from Grimsby town centre. Nearby occupiers include Travis Perkins, Oasis Health Club and a number of independent operators.

Tenure

Freehold.

Description

The property comprises a ground floor medical centre with a separately accessed medical centre on the first floor. The property benefits from car parking for 19 cars to the front and rear. The property benefits from permitted use as offices, a job centre or a medical assessment centre.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/(Reversions)
GroundMedical Centre
192.96 sq m
(2,077 sq ft)
THE SECRETARY OF STATE FOR COMMUNITIES
AND LOCAL GOVERNMENT (1)
10 years from
01/04/2018 (2)
£10,61301/04/2023 (3)
(31/03/2028)
FirstMedical Centre
312.99 sq m
(3,369 sq ft)
CARE PLUS GROUP LIMITED
(4)
10 years from
01/07/2009
£17,250(30/06/2019)
Total
505.95 sq m
(5,446 sq ft)
£27,863

(1) Centre for Health and Disability Assessments provides a service assessing the eligibility for benefits of people who are out of work due to long-term illness, or as a result of a disability or health condition, on behalf of the Department for Work and Pensions (DWP) (Source: www.chdauk.co.uk 17/04/2018).
(2) The lease is subject to a tenant option to determine on 31st March 2023.
(3) The rent is reviewed every 5 years to CPI and is compounded annually.
(4) Formed in 2011, Care Plus employs over 800 members of staff providing a wide range of community services for adults living across North East Lincolnshire (Source: www.careplusgroup.org 17/04/2018).

Property Documents

  • Site Plan
    Updated Date
    02.05.18
    File Size
    605 KB
    View PDF
  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    562 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Shoosmiths LLP 1 St. Martin’s Le Grand
London
EC1A 4AS
Liam Phillips 0207 205 7036 liam.phillips@shoosmiths.co.uk

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