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Retail Property (high street) for sale

Bethlehem Street, Grimsby, Lincolnshire

Guide Price* £95,000

Property Description

Full description

For Sale by Auction November 29th 2017 (unless sold prior) - Two storey building - Two retail units to GF - FF office and ancillary accommodation - Buyers Fee £750

Description - A two storey mid terraced high street property currently arranged as two retail units at ground floor level with first floor office and ancillary accommodation. The retail unit fronting Bethlehem Street and upper floor are vacant whilst the rear retail unit is currently let upon an informal tenancy agreement at a rent of £3,000 per annum. The first floor accommodation would suit conversion to residential subject to planning.

Location - Grimsby is a large town and seaport located approximately 22 miles east of Scunthorpe, 29 miles north east of Lincoln and 31 miles north west of Skegness. The town had a population of 88,243 in 2011 (Census). It is physically linked to and forms a conurbation with the adjoining town of Cleethorpes. The Grimsby-Cleethorpes conurbation acts as the cultural, shopping and industrial centre for a large area of northern and eastern Lincolnshire.

Grimsby lies 15 miles from the nearest motorway, the M180 which continues as the A180 into the town and acts as a link to the national motorway network. The town is skirted by the A18, with the A46 passing through the town providing a connection towards Lincoln and the A16 linking the town to Louth and south and eastern Lincolnshire.

The subject property is prominently situated on the southern side of the main thoroughfare of Bethlehem Street approximately 125 metres to the east of its junction with the A1136 (Frederick War Way / Deansgate) and adjacent to Grimsby Town railway station.

Accommodation - First Floor

First Floor front room 41.95 Square Meters (451.54 Square Foot)

First floor Rear area consisting of hallway and rear storage. 27.2 Square Meters (292.77 Square Foot)

Ground Floor.

Hallway to rear 18.87 Square Foot (203.11 Square Foot)

Back Store one: 5.18 Square Meters (55.75 Square Foot)

Back store two: 8.5 Square Meters (91.49 Square Foot)

Back Store three: 14.62 Square Meters (157.36 Square Foot)

Middle Store 11.58 Square Meters (124.64 Square Foot)

Main Retail: 41.61 Square Meters (447.88 Square Foot)

Services - We understand that the property is connected to mains gas, electricity, water and drainage. Interested parties are advised to make their own enquiries of relevant service providers.

Planning - Interested parties should contact North East Lincolnshire Council Planning Department on 01472 326289 option 1 to verify the existing use of the property and to enquire about the likelihood of obtaining planning consent for a change of use if required.

Rateable Values (2017 List) - 5 Bethlehem Street (Shop) - £12,000.
Rear of 5 Bethlehem Street (Workshop) - £2,100.

Tenure & Possession - 5 Bethlehem Street - Freehold.
Rear of 5 Bethlehem Street - Remainder of a 999 year lease from 3 December 2010 at a peppercorn rent subject to an informal tenancy agreement.
The property is to be sold subject to the existing informal tenancy agreement.

Energy Performance Asset Ratings - 5 Bethlehem Street - E102
Rear of 5 Bethlehem Street - C70

Vat - The guide price quoted in these particulars is exclusive of VAT. At the time of preparation of these particulars (October 2017) we understand that the vendor has not elected to charge VAT.

Viewing - Strictly by appointment with the Auctioneers. Tel: 01522 504360.

Completion Date - This lot will be sold with a 10% deposit and up to 4 weeks for completion.

Auction Bidder Identity Check - Prior to bidding on any auction lots we are required to verify the identity of the bidder to comply with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulation 2017. Please contact us on 01522 504360 or auctions@ so that we can complete an electronic identity check and issue a buyer number. We are most grateful for your assistance and please bring your original identity documents on the night of the auction.

Solicitors - Jeremy Garson
Curry Popeck
380 Kenton Road

020 8907 2000

Agent - Andrew France 01522 504360.

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Energy Performance Certificates (EPCs)

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*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 The County Property Auction, Lincoln on 01522 504360.

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