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 Available
Guide* £450,000+
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
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.
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
The EPC will be available to view online in the solicitor’s legal pack.
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
The EPC will be available to view online in the solicitor’s legal pack.
(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.
