Commercial property for sale

Tenure: Freehold

An excellent opportunity to purchase this mixed investment comprising 14 terraced properties, producing a gross income of £34,332 as of May 2011.

SITUATION    Immingham is one of Britain's fastest growing ports, with the combination of a strategic location on the south bank of the Humber, the UK's busiest commercial estuary with extensive deep water facilities and high quality service make Immingham the market leader in the UK and a first choice port to a wide range of customers and traffics. Other uses in the immediate vicinity are pubs/restaurants, car dealerships, hairdressers, convenience stores and general retail. This area is also surrounded by high density residential use.

DESCRIPTION    The investment comprises a row of terraced properties being a mixture of residential/commercial with a range of different occupiers on varied types of agreements.

AGREEMENTS    5 Queens Road - Office - 1 months tenancy agreement - £216 per month 6 Queens Road - Store - 1 months tenancy agreement - £100 per month 7 Queens Road - Fish & Chips - 7 year lease / 6 years remaining - £216 per month 8 Queens Road - Pizza Parlour - 7 year lease / 4 years remaining - £250 per month 9 Queens Road - Ships store - 1 months tenancy agreement - £152 per month 9a Queens Road - Flat - 1 months tenancy agreement - £130 per month 10 Queens Road - Workshop - 1 months tenancy agreement - £130 per month 11 & 12 Queens Road - Workshop - 1 months tenancy agreement - £390 per month 13 Queens Road - Cafe - 21 year lease / 10 years remaining - £214 per month 14 Queens Road - Currently vacant, waiting planning for public house 15 Queens Road - Workshop - 1 months tenancy agreement - £260 per month 16 & 17 Queens Road - Workshop - 1 monhts tenancy agreement - £262 per month 18 Queens Road (ground floor front) - Office - 1 months tenancy agreement - £95 per month

agreements 2    18 Queens Road - Store - 1 months tenancy agreement - £100 per month 18 Queens Road (first floor) - Flat - 1 months tenancy agreement - £216 per month 18 Queens Road - Store - 1 months tenancy agreement - £100 per month Container - 1 months tenancy agreement - £30 per month TOTAL - £2,861 per month

SERVICES    Mains electricity, water, drainage and gas are connected to the property; however all prospective purchasers are advised to check upon the adequacy of these supplies for their own purposes.

EPC'S    One of the EPCs is attached hereto, the others can be obtained from the Agents.

VAT    The price expressed in these particulars is exclusive of VAT at the appropriate rate.

VIEWING    Viewing is strictly by appointment with the sole agents: Pygott & Crone 22 South St Mary's Gate Grimsby DN31 1LQ Tel: 01472 264960

NOTE    The Money Laundering Regulations 2007 has been extended to include estate agency work with the definition of relevant business. Estate agency is as defined in the Estate Agents Act 1979. Auctioneers and estate agents will have to put certain anti-money laundering procedures into place. Failure to do so will be a criminal offence that carries a penalty of a maximum of two years imprisonment, or a fine or both. The principal requirements are identification of clients, record keeping, internal reporting procedures and employee training and awareness.