Grimsby | 40/40A Victoria Street

Two-storey town centre retail premises
Accommodation extending to approximately 188.9 sq m (2,033 sq ft) overall
Potential open plan sale area
Return frontage
Nearby occupiers include the Bodyshop, McDonalds and Barclays Bank

The town of Grimsby forms part of the larger Grimsby and Cleethorpes conurbation with a population of approximately 88,250. The town is situated approximately 27 miles east of Scunthorpe and 32 miles south-east of Kingston-Upon-Hull. In recent years, Grimsby has experienced considerable investment following the large offshore wind farm projects with further investment anticipated following the establishment of the Renewable Energy Centre at the Grimsby Institute for Further Education and proposed phase 2 of the Hornsea Project.

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Description

The property is located on the southern side of a pedestrianised Victoria Street West, close to the prime retail pitch in the town centre. Internally, the property comprises a retail area incorporating a currency desk, two offices and a small store to the ground floor, with a large storage area, kitchen and x2 WCs to the first floor.

The property comprises of a two-storey end-terrace retail premises, currently configured to provide retail accommodation with some ancillary accommodation at the rear on the ground floor and ancillary accommodation to the first floor.

Nearby occupiers include the Bodyshop, McDonalds and Barclays Bank

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Accommodation

Ground - Retail	76.9 sq m	(828 sq ft)
Ground - Ancillary	25.1 sq m	(270 sq ft)
First - Ancillary	86.9 sq m	(935 sq ft)
ITZA	58.5 sq m	(630 sq ft)

Further Information

Terms

The premises are offered For Sale at a guide price of £300,000 or To Let for a minimum term of years to be agreed on a full repairing and insuring basis at a guide rent of £25,000 per annum

Rateable Value

The new occupier will be responsible for the payment of Business Rates at the property. The premises are listed within the Rating List as ‘Shop & Premises’ with a Rateable Value of £35,250 (Source VOA website), although the premises will require reassessment should a change of use take place / the new occupier may be eligible for Small Business Rates Relief but should make contact with North East Lincolnshire Council for confirmation.