128-130, Victoria Street

Grimsby, Lincolnshire DN31 1NT

Guide price  £350,000

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 Victoria Street at its junction with Pasture Street within Grimsby town centre. Victoria Street links with the A16 (Peaks Parkway) and the A1136 (Frederick Ward Way / Ellis Way)
approximately 150 metres to the north west. Grimsby railway station is situated approximately 450 metres to the south west.

DESCRIPTION

A three storey building currently arranged as four lock-up retail units at ground floor level and a former night club at first and
second floor levels. Please refer to the attached existing floor plans.

PLANNING

Planning permission for change of use of the upper floors from a club and associated areas to form nine residential units was
granted by North East Lincolnshire Council (ref: DM/1122/16/FUL) on 23 January 2017. Please refer to the attached proposed floor plans. Further details are available upon request.

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.

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TENURE

Freehold subject to existing tenancies

TENANCIES

128 Victoria Street - Let upon an effective full repairing and insuring lease for a term of 7 years from 28 July 2011 at a current rent of £7,000 per annum exclusive.

130 Victoria Street - Let upon an effective full repairing and insuring lease for a term of 7 years from 18 May 2013 at a current rent of £5,500 per annum exclusive. The lease provides for rent reviews on 18 November 2017 and 18 May 2019 and a tenant only break clause on 18 May 2019.

2 Pasture Street - Vacant to facilitate redevelopment of upper parts.

4 Pasture Street - Let upon an effective full repairing and insuring lease for a term of 7 years from 18 May 2013 at a current rent of £5,250 per annum exclusive. The lease provides for a rent review on 18 November 2018 and a tenant only break clause on 18 November 2018.

Upper Floors - Vacant to facilitate redevelopment.

GUIDE PRICE

£350,000. Offers are invited for consideration.

VAT

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

ENERGY PERFORMANCE ASSET RATINGS

128 - 130 Victoria Street - G185
2 Pasture Street - D93
4 Pasture Street - E105
Upper Floors - E105

Copies of Energy Performance Certificates and associated recommendation reports are available upon request.

PLANS

The attached plans are for identification purposes only and do not constitute any part of contract. They are not to scale.

AGENT

For further information or to arrange a viewing please contact sole agents JHWalter:

Ben Kendall BSc (Hons)
01522 504304 / benkendall@jhwalter.co.uk

John R Elliott BSc (Hons) MRICS ACIArb MNAVA
01522 504303 / johnelliott@jhwalter.co.uk

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* Please Note: If Google Street View appears with no imagery, it is not available for this property

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