Entirely let to Coopland & Son (Scarborough) Limited - a part of EG Group (Euro Garages)
5 years from 01/10/21 (No breaks)
Nearby occupiers include Marks & Spencer, Body Shop, Starbucks, McDonald's and Greggs
VAT-free Investment
Lot 42
Auction 15th December 2022
Rent £30,000 per Annum Exclusive
Status Sold
Price £252,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
33 miles south-east of Kingston upon Hull, 35 miles north-east of Lincoln
Roads
A1, M1 and M180
Rail
Grimsby Town Railway Station
Air
Humberside Airport
Situation
The property is prominently located on the southern side of the pedestrianised Victoria Street at its junction with West St Mary's Gate and opposite Freshney Place Shopping Centre. Nearby occupiers include Marks & Spencer, Body Shop, Starbucks, McDonald's and Greggs.
Tenure
Freehold.
Location
Miles
33 miles south-east of Kingston upon Hull, 35 miles north-east of Lincoln
Roads
A1, M1 and M180
Rail
Grimsby Town Railway Station
Air
Humberside Airport
Situation
The property is prominently located on the southern side of the pedestrianised Victoria Street at its junction with West St Mary's Gate and opposite Freshney Place Shopping Centre. Nearby occupiers include Marks & Spencer, Body Shop, Starbucks, McDonald's and Greggs.
Tenure
Freehold.
Description
The property comprises two shops arranged on the ground, first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Description
The property comprises two shops arranged on the ground, first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
18 Victoria Street
5 West St Mary's Gate
Ground First Second Ground
Retail Office/Ancillary Ancillary Retail
60.90 45.20 34.10 11.60
(655) (486) (367) (125)
COOPLAND & SON (SCARBOROUGH) LIMITED (1) (t/a Cooplands)
5 years from 01/10/2021
£30,000
Total
151.80
(1,633)
£30,000
(1) Founded in 1885, Cooplands employs more than 1,600 staff and with about 180 stores and cafes, is the UK's second largest bakery chain. Cooplands was sold to CS Food Group Holdings Limited and in 2021 became part of EG Group (Euro Garages). (www.cooplands-bakery.co.uk)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
