DN32 95 Convamore Road, Grimsby

The property presents a compelling mixed-use retail investment opportunity in a densely populated residential area of Grimsby. Currently, the asset generates a passing rent of £45,500 per annum. Units 1 and 5 are vacant and available to let.

Unit 5, comprising approximately 6,000 sq. ft of prime convenience retail space, is held under an existing lease to Gill Marsh Forecourts Limited (expiring June 2030) at £27,500

per annum. The tenant has vacated the premises and indicated their willingness to surrender the lease, creating an opportunity for re-occupation and lease restructuring.

Established Community Shopping Park

Total Rent Reserved of £45,500 per annum

6,000 sq. ft convenience store available to let

0.8 acre freehold site

Suitable for alternative uses STP

Densley populated residential catchment

The premises are located on Convamore Road, in the East Marsh area of Grimsby, a well-established shopping location. The site enjoys a prominent and easily accessible position, within close proximity to the town centre. The immediate vicinity of the site is mostly residential, offering an ideal neighbourhood catchment area.

The location offers excellent access to the A16 and A180 corridors. The A180 links directly to the M180 motorway with Junction 5 being approximately 15 miles from the property. The property is equidistant to both Grimsby Docks and New Clee railway stations, both being less than a mile away, making it accessible to the wider network and commuters.

Freshney Place Shopping Centre is just 0.8 miles from the property, offering occupiers such as Primark, TKMaxx, Costa Coffee, JD Sports and Greggs. Directly opposite the shopping centre are further major retailers such as B&M, Home Bargains, The Range, Tesco Extra, and Asda.

Planning

Planning consent is for current retail uses, although alternative uses will be considered.

Interested parties are required to make their own enquiries with North East Lincolnshire planning authority.

Rates

Units 1, 4 and 5 have been assessed for business rates purposes as: x9Shop and Premisesx9 with rateable values of £4,600, £5,100, and £26,750 respectively.

Units 2/3 have been assessed as: x9Betting shop and premisesx9, with a ratebale value of £8,900 although this is subject to reassessment.

Terms

Offers are invited on a freehold basis,

part income producing

VAT

All figures quoted are exclusive of Value Added Tax, which will be charged at the prevailing rate.

EPC

Copies of the EPCs are available upon request.