Grimsby | 2 Cross Coates Road

Investment property in a prominent, high-profile location
Freehold interest with ground floor income of £10,000 per annum
Ground floor sales area extending to 47.0 sq m (506 sq ft)
Ground floor ancillary accommodation of 12.0 sq m (129 sq ft)
Situated within an established local shopping parade
Opportunity to let or occupy the self-contained first-floor flat

The property occupies a prominent position at the junction of Cross Coates Road and Littlecoates Road, approximately 1 mile west of Grimsby town centre. The premises form part of a small but well-established local shopping centre serving a densely populated residential area.

Surrounding occupiers include a SPAR convenience store, hair salons, hot food takeaways, and a variety of other local retailers, providing strong footfall and visibility.

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Description

The property comprises a two-storey brick-built building beneath a pitched concrete-tiled roof.

The ground floor is accessed directly from an open forecourt and benefits from a single-glazed timber shopfront with external security shutters. To the rear of the sales area is ancillary accommodation providing additional storage and facilities.

The first floor is self-contained and accessed via a separate entrance to the side of the building. The accommodation comprises a lounge, kitchen, two bedrooms, and a bathroom. The flat is presented in a condition suitable for immediate occupation or letting.

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Accommodation

		Area (sq m)	Area (sq ft)
Ground Floor	Sales Area	47.0	506
Ground Floor	Ancillary	12.0	129
First Floor	2 Bedroom Flat

Further Information

Terms

The ground floor premises are currently let on an effective Full Repairing and Insuring (FRI) lease, producing a passing rent of £10,000 per annum. The lease expires on 2 July 2029.

Rateable Value

The ground floor is assessed as “Shop & Premises” with a Rateable Value of £6,700 (Source: VOA). The tenant is responsible for payment of business rates.

The first-floor flat falls within Council Tax Band A.