Property photos
Guide price
£70,000
Retail premises for sale
Cleethorpe Road, Grimsby DN31Local area information
Property location
Nearby amenities
- Strand Primary Academy 0.1 miles
- Grimsby Docks 0.2 miles
- Weelsby Academy 0.4 miles
- New Clee 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Grimsby to find out more about the local area.
Features and description
- 2 Storey Terrace With Basement Storage
- First Floor Residential Let On Long Ground Lease
- Located Within Easy Rear Of Grimsby & Cleethorpes
- Excellent Mixed Use Investment Opportunity
- Ground Floor Commercial Let On 2 Separate Fri Leases
Summary
Foe sale via secure sale online bidding - terms and conditions apply.
A fantastic opportunity has arisen to purchase this mid-terraced building with basement storage. The ground floor comprises a retail premises and storage/workshop area, while the first floor offers a self-contained flat which is let on a long ground lease and is therefore held on a reversionary Freehold basis only.
The front retail shop features a main retail area (approx. 47sqm / 505sqft), store/office (approx. 29sqm / 312sqft), kitchenette, and W.C. It is complemented by a rear storage/production area, including basement storage and convenient rear loading access.
The self-contained flat on the first floor is accessible from the front elevation and is currently let on a long ground lease, ensuring stable rental income. This is therefore a Freehold reversionary interest only.
We understand that the commercial property is let on a 10-year Full Repairing and Insuring Lease (Fri) starting from March 3,2017, at an annual rent of 6,240, subject to review every three years to the higher of the Retail Price Index (rpi) or market rent. The rear area and basement are leased separately to the same tenant on a 10-year Fri starting from June 10,2018, at an annual rent of 2,080, with similar rent review terms. The flat is leased on a long ground lease for 150 years starting from April 1,2018, at a ground rent of 150 per annum.
The property is strategically situated on Cleethorpe Road (A180), linking Grimsby and Cleethorpes, and provides easy access out of town via the M180.
This property presents a secure, long-term investment opportunity, offering both commercial and residential income streams in a highly sought-after location.
Please note we have not inspected this property.
Location
The property is strategically situated on Cleethorpe Road (A180), linking Grimsby and Cleethorpes, and provides easy access out of town via the M180.
Accommodation
Ground Floor
Main Retail Area
5.18m maximum x 9.18m maximum (into window display) - With a single glazed timber frame entrance door and frontage and suspended ceiling.
Staff Area / Store
8.04m x 3.64m
W.C.
1.7m x 1.53m
With wash hand basin and w.c.
Rear Store
1.99m x 3.54m
With electric roller shutter providing rear loading from Strand Street.
Garage/Store
2.81m x 10.16m
With roller shutter and tiled floor. Providing access to the basement.
Basement Room 1
4.49m x 5.09m
Basement Room 2
4.21m x 4.34m
Tenure
Freehold. Title number HS51559
Council Tax
Council tax band A
EPC
Available upon request ( rating D )
Additional Information
For further information please contact our office directly on , or alternatively via e-mail on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
Foe sale via secure sale online bidding - terms and conditions apply.
A fantastic opportunity has arisen to purchase this mid-terraced building with basement storage. The ground floor comprises a retail premises and storage/workshop area, while the first floor offers a self-contained flat which is let on a long ground lease and is therefore held on a reversionary Freehold basis only.
The front retail shop features a main retail area (approx. 47sqm / 505sqft), store/office (approx. 29sqm / 312sqft), kitchenette, and W.C. It is complemented by a rear storage/production area, including basement storage and convenient rear loading access.
The self-contained flat on the first floor is accessible from the front elevation and is currently let on a long ground lease, ensuring stable rental income. This is therefore a Freehold reversionary interest only.
We understand that the commercial property is let on a 10-year Full Repairing and Insuring Lease (Fri) starting from March 3,2017, at an annual rent of 6,240, subject to review every three years to the higher of the Retail Price Index (rpi) or market rent. The rear area and basement are leased separately to the same tenant on a 10-year Fri starting from June 10,2018, at an annual rent of 2,080, with similar rent review terms. The flat is leased on a long ground lease for 150 years starting from April 1,2018, at a ground rent of 150 per annum.
The property is strategically situated on Cleethorpe Road (A180), linking Grimsby and Cleethorpes, and provides easy access out of town via the M180.
This property presents a secure, long-term investment opportunity, offering both commercial and residential income streams in a highly sought-after location.
Please note we have not inspected this property.
Location
The property is strategically situated on Cleethorpe Road (A180), linking Grimsby and Cleethorpes, and provides easy access out of town via the M180.
Accommodation
Ground Floor
Main Retail Area
5.18m maximum x 9.18m maximum (into window display) - With a single glazed timber frame entrance door and frontage and suspended ceiling.
Staff Area / Store
8.04m x 3.64m
W.C.
1.7m x 1.53m
With wash hand basin and w.c.
Rear Store
1.99m x 3.54m
With electric roller shutter providing rear loading from Strand Street.
Garage/Store
2.81m x 10.16m
With roller shutter and tiled floor. Providing access to the basement.
Basement Room 1
4.49m x 5.09m
Basement Room 2
4.21m x 4.34m
Tenure
Freehold. Title number HS51559
Council Tax
Council tax band A
EPC
Available upon request ( rating D )
Additional Information
For further information please contact our office directly on , or alternatively via e-mail on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
Floor plans and tours
Floor plans (1)
Tours (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
Pattinson - Commercial
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