Grimsby | 21 Waltham Road, Scartho

Mixed-use investment opportunity
Two ground floor retail units
Self-contained one-bedroom first floor flat
Fully income-producing property
Situated within a popular local retail parade
Prominent main road position linking Scartho and Waltham

The property is located on Waltham Road in the Scartho area of Grimsby, providing a key link between the villages of Scartho and Waltham and benefiting from strong levels of passing traffic. The premises have frontage to Waltham Road with roadside parking available, along with a free public car park opposite. Nearby occupiers include a mix of local businesses and national retailers.

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Description

The property comprises a mixed-use building providing ground floor retail accommodation with a one-bedroom flat above. The main retail unit is currently used as a barbershop and includes a retail sales area to the front with kitchen and ancillary accommodation to the rear. A further single-storey ground floor retail unit is located to the south within the same grounds and features a timber shopfront. The property is fully let and currently produces the following income:

Ground Floor Retail Unit - Let until October 2027, subject to tenant break option on two months’ notice - Passing Rent: £7,776 p.a.

First Floor Flat - Assured Shorthold Tenancy holding over since 2023 - Passing Rent: £4,680 p.a.

Outbuilding - Let on a rolling basis - Passing Rent: £4,200 p.a

GROSS PASSING RENT: £16,656 p.a.Please note the provisions of the Renters Reform Act 2025 is likely to change the basis of occupation.

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Accommodation

UNIT	DESCRIPTION	AREA (sq m)	AREA (sq ft)
No. 21 - Ground Floor Retail	Retail sales area (barbershop)	33.2	357
	Ancillary accommodation	20.0	215
	Total Ground Floor Retail	53.2	572
No. 21a – First Floor Flat	One-bedroom flat	56.0	603
	Total First Floor Flat	56.0	603

Further Information

Terms

The freehold of the property, subject to the current occupation, is offered for sale at a guide price of £219,000.

Rateable Value

The premises are currently listed within the 2023 Rating List as ‘Shops and Premises’ with a Rateable Value of £9,600 (source: VOA website). The property will require reassessment should a change of use take place or should the premises be converted into flats. As of April 2026, the Rateable Value will reduce to £8,400.