Freeman Street

 

Sold STC

Grimsby, North East Lincolnshire


FOR SALE

  • Lock-up shop approx. 500 ft²/46.48 m²
  • First floor 1 bedroomed flat over
  • Attractive investment premises held on modern long ground leases
  • EPC Rating Retail C/ Flat G

Tenure: Freehold


Introduction -

The property is found opposite to the covered market, close to Iceland and a number of long-established retailers, including Cooplands Bakery, butchers and a news agent, with on-street parking opposite.

Lock-up Shop Unit -

Approx. 46.48 m²/500 ft² with an internal frontage of 3.24m/10.5 ft, including a modern PVCu double glazed shop front with recessed door, slot rack wall boarding and plaster and emulsion finishes. The sales area is currently partitioned to create a store to the rear in studwork of approx. 8.2 m²/88 ft², although this could be altered to suit.

Toilet Off -

with hand basin and WC

Lounge - 12' 2'' x 18' 0'' (3.7m x 5.49m)

with PVCu double glazed window to the frontage.

Bathroom - 6' 2'' x 7' 7'' (1.89m x 2.30m)

with WC, hand basin and extractor fan.

Kitchen - 7' 7'' x 10' 2'' (2.3m x 3.1m)

with modern base unit, work tops, including stainless steel sink unit, hob and oven.

Bedroom 1 - 7' 7'' x 17' 7'' (2.30m x 5.35m)

with PVCu double glazed windows to rear elevation and a manual shutter.

Landing & Staircase -

With rear entrance door and access via a security shutter and a gated passage on the frontage.

Services -

All main services are connected or available. Please note that gas is not installed to either the ground or first floors presently.

The services have not been checked or tested.

Outgoings -

From enquiries we understand the property is assessed as follows:-
From the VOA website the shop is assessed at £2150 RV.
The first floor flat is assessed under Council Tax Band A.

All enquirers should make their own investigations.

Tenure -

The premises are held by way of 2 separate ground leases as follows:

Ground floor shop – 125 year lease from 1st August 1996 from the Enrolled Freeman of Grimsby at an annual rental £420 p.a.

First Floor Flat – is held by way of a 125 year ground lease from 1st August 1996 at a ground rent of £50 p.a.

All interested parties should make further enquiries.

General Remarks -

This potential investment property comprises a self-contained lock-up flat, which has been let in the past at £60 p.w. on an Assured Shorthold Tenancy basis and, in the agent’s opinion the ground floor shop should generate a rent of around £70 p.w. subject to negotiation on term of lease, repairing terms and similar, and is found in an ever popular part of Freeman Street shopping area, opposite the covered market place and close to several national multiple traders including Cooplands Bakery and Iceland.

Viewing -

Strictly by appointment through the agent’s Grimsby Office on 01472 362020.

Measurements -

Measurements are approximate with the metric conversion shown in brackets, taken wall to wall unless otherwise indicated.

Disclaimer -

Notice is hereby given that these particulars are set out for the guidance of proposed purchasers and, although due care is taken in their preparation and they are believed to be correct, proposed purchasers must not rely on them as statements of fact and must satisfy themselves by inspection or otherwise as to their correctness. These particulars are issued on the understanding that all negotiations are carried out through the agents Turner Evans Stevens but they do not constitute an offer or contract. Any price quoted in these particulars is subject to contract. No person employed by Turner Evans Stevens Limited has any authority to make or give any representation or warranty whatsoever in relation to this property.

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