Commercial Property for sale

Wellowgate, Grimsby, Lincolnshire, DN32

Guide Price* £225,000
1,465 sq. ft.

Property Description

Commercial information

  • 1,465 sq ft (136 sq m)

Key features

  • Town Centre Investment Opportunity
  • Currently Let On FRI Terms, Expiring October 2020 At A Passing Rent Of 12,000 Per Annum
  • Trading As Exclusive Private Practice
  • Private Car Parking To Rear Of Property
  • Mixed Use Location
  • Recent Developments Include Holiday Inn Express
  • Freshney Place Shopping Centre And Transport Links Close By

Full description

Tenure: Freehold

The property is situated on Wellowgate in Grimsby which is immediately south of the town centre core and transport links.

Wellowgate is of a mixed use location, occupied by a variation of office occupiers and retailers that has in recent time's undergone extensive development, most recently being the completion of the Holiday Inn Express.

Grimsby is the principal town within North East Lincolnshire with the Borough having a population of approximately 160,000. The town is a renowned leader in the food industry along with other industries adding to the local economy such as renewable energies, logistics, engineering and tourism.

The properties comprises a Georgian former residential dwelling of traditional brick build with pitched tile roofing which has been converted over a number of years to provide private practice and office accommodation with secure, private parking to the rear of the property. Currently occupied as and established exclusive hair and beauty practice, let on a FRI lease terms, expiring October 2020 at a passing rent of 12,000 per annum with further market rental potential.

Accommodation
Ground Floor
Ground Floor 51.4 sq m (553 sq ft)
First Floor 73.4 sm (790 sq ft)
External Store 11.3 sq m (122 sq ft)

Car parking for approximately 5/6 vehicles

Disposal Terms
The investment is available For Sale with an asking price of 225,000 which reflects a current yield of approximately 5/6%. A copy of the lease's and agreements are available upon request.

Legal Costs
Each party is to be responsible for their own legal costs and stamp duty or land tax that may apply.

Rateable Value
We are advised by North East Lincolnshire Council that the Rateable Value is 9,089 under the new assessment. Interested parties are advised to confirm this with the Local Authority. Rateable Values can change and the rates payable can vary due to changes in transitional relief.

EPC'S
A copy of the EPC is available for inspection at the Agent's offices

Viewing/Further Information
Strictly through sole agents, Lovelle Bacons LLP.
Lovelle Bacons
Tel: 01472 353436 Ext 302
E-mail: l.croft@lovelle-property.co.uk


Nearest stations

  • Grimsby Town (0.1 mi)
  • Grimsby Docks (0.9 mi)
  • New Clee (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lovelle Estate Agency, Grimsby -Commercial Sales

Hampton House Church Lane Grimsby DN31 1JR

01472 565036 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Grimsby Town (0.1 mi)
  • Grimsby Docks (0.9 mi)
  • New Clee (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lovelle Estate Agency, Grimsby -Commercial Sales

Hampton House Church Lane Grimsby DN31 1JR

01472 565036 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 15WELL. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lovelle Estate Agency, Grimsby -Commercial Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Lovelle Estate Agency, Grimsby -Commercial Sales on 01472 353436.


Map data OpenStreetMap contributors.