Providing a convenience store, fish & chip takeaway, barber's, a salon and 25 car parking spaces
Asset Management Opportunities
Total Site Area of approx. 0.33 Ha (0.81 Acres)
Approx. Floor Area of 758.06 sq m (8,158 sq ft)
Densely populated residential area
Lot 17
Auction 9th May 2024
Rent £52,650 per Annum Exclusive
Status Available
Guide* £575,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
33 miles south-east of Kingston upon Hull, 35 miles north-east of Lincoln
Roads
A16, A180, M180
Rail
Grimsby Town, Grimsby Docks, New Clee Railway Stations
Air
Humberside Airport
Situation
Grimsby, with a resident population of circa 100,000, is a well established commercial centre for North East Lincolnshire and also providing a major fishing port. The town is well situated with road connections to the A180/M180 which in turn provides access to the M18, the Humber Bridge and Humberside International Airport.
The property is located on the west side of Convamore Road, in-between it's junctions with Wellington Street and Eleanor Street and conveniently situated to serve a densely populated residential area.
Tenure
Freehold.
Location
Miles
33 miles south-east of Kingston upon Hull, 35 miles north-east of Lincoln
Roads
A16, A180, M180
Rail
Grimsby Town, Grimsby Docks, New Clee Railway Stations
Air
Humberside Airport
Situation
Grimsby, with a resident population of circa 100,000, is a well established commercial centre for North East Lincolnshire and also providing a major fishing port. The town is well situated with road connections to the A180/M180 which in turn provides access to the M18, the Humber Bridge and Humberside International Airport.
The property is located on the west side of Convamore Road, in-between it's junctions with Wellington Street and Eleanor Street and conveniently situated to serve a densely populated residential area.
Tenure
Freehold.
Description
The property comprises a retail park of 0.33 Ha (0.81 Acres) upon which sits a substantial detached single storey convenience store together with a terrace of three ground floor shops. The property benefits from approximately 25 car parking spaces.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a retail park of 0.33 Ha (0.81 Acres) upon which sits a substantial detached single storey convenience store together with a terrace of three ground floor shops. The property benefits from approximately 25 car parking spaces.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
95-103 Convamore Road
Ground
Convenience Store
587.15
(6,320)
GILL MARSH FORECOURTS LTD t/a Spar
10 years from 18/06/2020 (1)
£27,500
18/06/2025 (17/06/2030)
Unit 1
Ground
Retail
42.60
(458)
INDIVIDUAL
10 years from 09/02/2018
£7,150
09/02/2024 09/02/2027 (08/02/2028)
Unit 2&3
Ground
Retail
85.82
(923)
THE GENTRY LOUNGE LTD and AN INDIVIDUAL
3 years from 02/11/2020
£10,000
Unit 4
Ground
Retail
42.49
(457)
INDIVIDUAL
10 years from 25/04/2016
£8,000
(24/04/2026)
Total Approximate Floor Area
758.06
(8,158) (2)
£52,650
(1) The lease provides for a tenant option to determine the lease on 17/06/2025. (2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
