Olympia Building Saxon Court, Europa Business Park Grimsby Lincolnshire DN31 2UJ

Olympia Building
Saxon Court, Europa Business Park
Grimsby
Lincolnshire
DN31 2UJ

Freehold Office Investment

Substantial two storey office building
Total Floor Area of approx. 788.40 sq m (8,484 sq ft)
Half let to Fortem Solutions on a new 5 year lease (subject to option)
Vacant Possession of 394.20 sq m (4,242 sq ft)
Site Area of 0.29 Ha (0.71 Acres)
Located within the well recognised Europa Business Park
Nearby occupiers include Premier Inn, Toolstation, Screwfix and East Midlands Ambulance Service

Lot
18
Auction
9th May 2024
Rent
£40,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction
On Behalf of Executors

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Freehold Office Investment

Substantial two storey office building
Total Floor Area of approx. 788.40 sq m (8,484 sq ft)
Half let to Fortem Solutions on a new 5 year lease (subject to option)
Vacant Possession of 394.20 sq m (4,242 sq ft)
Site Area of 0.29 Ha (0.71 Acres)
Located within the well recognised Europa Business Park
Nearby occupiers include Premier Inn, Toolstation, Screwfix and East Midlands Ambulance Service

Lot 18
Auction 9th May 2024
Rent £40,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Office
Auction Venue
Live Streamed Auction
On Behalf of Executors

Property Information

Location

Miles: 33 miles south-east of Kingston upon Hull, 35 miles north-east of Lincoln
Roads: A16, A180, M180
Rail: Grimsby Railway Station
Air: Humberside Airport

Situation

Grimsby, with a resident population of circa 100,000, is a well established commercial centre for North East Lincolnshire and also providing a major fishing port. The town is well situated with road connections to the A180/M180 which in turn provides access to the M18, the Humber Bridge and Humberside International Airport.

The property is located in Saxon Court, within the well established Europa Park situated just off the A180. Nearby occupiers include Premier Inn, Toolstation, Screwfix and East Midlands Ambulance Service.

Tenure

Freehold.

Location

Miles: 33 miles south-east of Kingston upon Hull, 35 miles north-east of Lincoln
Roads: A16, A180, M180
Rail: Grimsby Railway Station
Air: Humberside Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial office building of approximately 788.40 sq m (8,484 sq ft) together with approximately 38 car parking spaces, all arranged on a total site area of 0.29 Ha (0.71 Acres).

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground First	Office Office	196.90 197.30	(2,119) (2,123)	FORTEM SOLUTIONS LTD (1)	5 years from 20/11/2023 (2)	£40,000
Ground First	Office Office	196.90 197.30	(2,119) (2,123)	VACANT POSSESSION
Total		788.40	(8,484) (3)			£40,000

(1) Fortem Solutions was established in 2002 and provide specialist property solutions tailored to keep homes and buildings running smoothly, delivering a range of internal and external repairs 24/7 as well as high quality voids, planned installations and gas services (www.fortem.co.uk). For the year ending 31/12/2022 Fortem Solutions Ltd reported a Turnover of £132,791,065, a Pre-Tax Profit of £173,283 and a Net Worth of £7,381,435 (NorthRow 16/04/2024).
(2) The lease provides for a tenant's option to determine the lease on 19/11/2026 upon serving 6 months prior written notice.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.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.