31/33 Victoria Street Grimsby Lincolnshire DN31 1DL

31/33 Victoria Street
Grimsby
Lincolnshire
DN31 1DL

Freehold Retail Investment

Majority let to Specsavers Optical Superstores Limited on a recently renewed 5 year lease (subject to option)
Part let to Lincolnshire Co-Operative Limited - tenant break not exercised in December 2024
Totalling approximately 563.46 sq m (6,065 sq ft)
Prime pedestrianised town centre location on the main shopping street
Close to Freshney Place Shopping Centre and other retailers including McDonald's, Pizza Hut and Halifax, Lloyds & Nationwide Banks

Lot
63
Auction
30th October 2025
Rent
£52,500 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction
On Behalf of Trustees

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Freehold Retail Investment

Majority let to Specsavers Optical Superstores Limited on a recently renewed 5 year lease (subject to option)
Part let to Lincolnshire Co-Operative Limited - tenant break not exercised in December 2024
Totalling approximately 563.46 sq m (6,065 sq ft)
Prime pedestrianised town centre location on the main shopping street
Close to Freshney Place Shopping Centre and other retailers including McDonald's, Pizza Hut and Halifax, Lloyds & Nationwide Banks

Lot 63
Auction 30th October 2025
Rent £52,500 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On Behalf of Trustees

Property Information

Location

Miles: 33 south-east of Kingston upon Hull, 35 north-east of Lincoln
Roads: A1, M1 and M180
Rail: Grimsby Town Railway Station
Air: Humberside Airport

Situation

The property is located in a prominent corner position on the pedestrianised Victoria Street West, the prime shopping street in Grimsby. Nearby occupiers include McDonald's, Pizza Hut and Halifax, Lloyds & Nationwide Banks. The property also benefits from being close to the Brewery Street entrance to Freshney Place Shopping Centre, which houses retailers such as Boots, Costa Coffee, Greggs, JD Sports, Marks & Spencer, Next, and TK Maxx.

Tenure

Freehold.

Location

Miles: 33 south-east of Kingston upon Hull, 35 north-east of Lincoln
Roads: A1, M1 and M180
Rail: Grimsby Town Railway Station
Air: Humberside Airport

Situation

Tenure

Freehold.

Description

The property comprises two shops arranged on the ground, first and second floors.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

EPC

Band B.

Description

The property comprises two shops arranged on the ground, first and second floors.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

EPC

Band B.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground First Second	Retail Ancillary Ancillary	132.00 186.00 147.00	(1,421) (1,991) (1,682)	SPECSAVERS OPTICAL SUPERSTORES LIMITED (t/a Specsavers)	5 years from 05/09/2025 (1)	£30,000 (2)
Ground	Retail	90.20	(971)	LINCOLNSHIRE CO-OPERATIVE LIMITED (t/a Lincolnshire Co-Op Grimsby Travel)	10 years from 10/12/2019	£22,500
Total		563.46 (3)	(6,065) (3)			£52,500 (2)

(1) The lease is subject to a tenant option to determine on 30/09/2028.
(2) The lease provides for a period of half rent until 05/09/2026. The Seller will 'top-up' the rent from completion of the sale until the end of concessionary rental period, so the property will effectively produce £50,000 per annum from completion of the sale.
(3) 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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.