18 Victoria Street & 5 West St Mary's Gate Grimsby Lincolnshire DN31 1LB

18 Victoria Street & 5 West St Mary's Gate
Grimsby
Lincolnshire
DN31 1LB

Freehold Retail Investment

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
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

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

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.