22 South St. Marys Gate, Grimsby, Lincolnshire, DN31

An opportunity to acquire this property subject to a sale and lease back. The property comprises a 5235 sq.ft two storey retail and office property of brick construction and a glazed retail frontage. At ground floor level and part of the first floor, the Property is let to Pygott & Crone who trade as an estate agent.

Part of the first floor is also let to Forrester Boyd who occupy the adjacent property and have a link straight into this area at first floor level.

Location

The Property is situated within the town of Grimsby, which is a port town within the North East Lincolnshire Borough. The area is based to the North East of the midlands region of the UK, on the South bank of the Humber Estuary, close to the North Sea. The town is situated around 15 miles North of Louth, 27 miles to the east of Scunthorpe and 35 miles south of Hull across the Humber Estuary. The Property itself is situated on South St Mary's Gate, which runs parallel to the main High street and is close to Grimsby railway station.

ACCOMMODATION

Area occupied by Pygott & CroneGround Floor 2812 sqft (261 sqm)First floor 327 sqft (33.3 sqm )Area occupied by Forrester BoydFirst Floor 2096 sqft (195 sqm)

PLANNING

The property has an established use as and Estate Agency and offices under new planning class E.

SERVICES

All mains services are connected to the property.

TENURE

The property is sold with the following tenancies:-Ground Floor: Pygott & Crone Estate Agents Ltd First Floor: Forrester Boyd AccountantsThe Property is let on two separate leases, one to Pygott & Crone for a term of 5 years at £20,000 per annum from the purchase date and the other Forrester Boyd who agreed a new lease in 2020 for a term of 10 years at £10,650 per annum.

RATEABLE VALUE

The property has a rateable value of £34,000 in the 1st April Rating list 2023.

CEPC

EPC Rating B (44)

LEGAL COSTS

Each party are responsible for their own legal costs

VAT

The sale is exclusive of VAT if applicable

LOCAL AUTHORITY

North East Lincolnshire Council

VIEWINGS

Contact Pygott & Crone Commercial 36a Silver StreetLincoln LN2 1EWTel:

Agents Note

In accordance with the Estate Agents Act 1979 it should be noted that the vendor is connected to Pygott & Crone and a personal interest is hereby declared.