Freehold Industrial Investment
Freehold Industrial Investment Unit B, Riby Street, Grimsby, North East Lincolnshire, DN31 3HF
For Sale £150,000 • Excellent investment opportunity. • Established location close to the docks and A180. • 5 year lease from March 2016. • Rent £14,000 per annum exclusive. • Strong covenant M & J Seafood Holdings Ltd. • No VAT.
Europarc | Innovation Way | Grimsby | North East Lincolnshire | DN37 9TT 01472 267513 pph-commercial.co.uk
Chartered Surveyors & Commercial Property Consultants
Charles Atkinson | 01472 267513 [email protected]
Unit B, Riby Street Grimsby, North East Lincolnshire, DN31 3HF Location
Accommodation
Price
The subject property is situated on the north side of Riby Street which runs parallel and to the north of the A180 main road and directly to the south of the docks in the town of Grimsby, North East Lincolnshire. It is a popular and established location.
The accommodation briefly comprises (all areas are approximate gross internal)
£150,000 for the freehold interest, subject to the lease stated above.
Total
VAT
511.52 sq m
(5,506 sq ft)
VAT is not applicable to the purchase price.
Tenure The property is understood to be freehold and is subject to a 5 year lease to M & J Seafood Holdings Ltd from March 2016 at a rental of £14,000 per annum.
Legal Costs
There are no break clauses, rent reviews or rent free periods and the lease is held on FRI terms (copies of the lease can be made available to seriously interested parties).
Energy Performance Certificate (EPC)
Tenure Covenant M & J Seafood Holdings Ltd are a substantial company specialising in the supply of fresh and frozen fish and seafood to the catering industry. Incorporated in 1983.
Each party is responsible for their own legal costs incurred in respect of the transaction.
The property has an EPC rating of (to be confirmed). A copy of the Certificate and Recommendation Report is available on request.
Date: April 2017
File Ref: 5785SI/1
For the year ending 31st December 2014 the company reported a turnover of £120,164,000. The latest accounts show pre-tax profits of £2,709,000. The company has shareholder funds of £40,330,000 and employs over 600 members of staff.
Description The property comprises a unit constructed in brick and clad walls with a clad roof over a steel frame with access off Riby Street.
For further information and viewing Europarc | Innovation Way | Grimsby | North East Lincolnshire | DN37 9TT 01472 267513 pph-commercial.co.uk
Charles Atkinson | 01472 267513 [email protected]
PROPERTY MISREPRESENTATION, MISDESCRIPTION & FINANCIAL SERVICES ACTS PPH Commercial Limited for themselves and for their clients of this property, give notice that: (i) these particulars are a general outline only and do not constitute the whole or any part of an offer or contract; (ii) PPH Commercial Limited cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use or other details contained herein. Prospective purchasers or tenants must satisfy themselves as to their accuracy; (iii) no employee of PPH Commercial Limited has any authority to make or give any representation or warranty or enter into any contract in relation to the property; (iv) rents or prices quoted in these particulars may be subject to VAT in addition.
For Sale £150,000 • Excellent investment opportunity. • Established location close to the docks and A180. • 5 year lease from March 2016. • Rent £14,000 per annum exclusive. • Strong covenant M & J Seafood Holdings Ltd. • No VAT.
Europarc | Innovation Way | Grimsby | North East Lincolnshire | DN37 9TT 01472 267513 pph-commercial.co.uk
Chartered Surveyors & Commercial Property Consultants
Charles Atkinson | 01472 267513 [email protected]
Unit B, Riby Street Grimsby, North East Lincolnshire, DN31 3HF Location
Accommodation
Price
The subject property is situated on the north side of Riby Street which runs parallel and to the north of the A180 main road and directly to the south of the docks in the town of Grimsby, North East Lincolnshire. It is a popular and established location.
The accommodation briefly comprises (all areas are approximate gross internal)
£150,000 for the freehold interest, subject to the lease stated above.
Total
VAT
511.52 sq m
(5,506 sq ft)
VAT is not applicable to the purchase price.
Tenure The property is understood to be freehold and is subject to a 5 year lease to M & J Seafood Holdings Ltd from March 2016 at a rental of £14,000 per annum.
Legal Costs
There are no break clauses, rent reviews or rent free periods and the lease is held on FRI terms (copies of the lease can be made available to seriously interested parties).
Energy Performance Certificate (EPC)
Tenure Covenant M & J Seafood Holdings Ltd are a substantial company specialising in the supply of fresh and frozen fish and seafood to the catering industry. Incorporated in 1983.
Each party is responsible for their own legal costs incurred in respect of the transaction.
The property has an EPC rating of (to be confirmed). A copy of the Certificate and Recommendation Report is available on request.
Date: April 2017
File Ref: 5785SI/1
For the year ending 31st December 2014 the company reported a turnover of £120,164,000. The latest accounts show pre-tax profits of £2,709,000. The company has shareholder funds of £40,330,000 and employs over 600 members of staff.
Description The property comprises a unit constructed in brick and clad walls with a clad roof over a steel frame with access off Riby Street.
For further information and viewing Europarc | Innovation Way | Grimsby | North East Lincolnshire | DN37 9TT 01472 267513 pph-commercial.co.uk
Charles Atkinson | 01472 267513 [email protected]
PROPERTY MISREPRESENTATION, MISDESCRIPTION & FINANCIAL SERVICES ACTS PPH Commercial Limited for themselves and for their clients of this property, give notice that: (i) these particulars are a general outline only and do not constitute the whole or any part of an offer or contract; (ii) PPH Commercial Limited cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use or other details contained herein. Prospective purchasers or tenants must satisfy themselves as to their accuracy; (iii) no employee of PPH Commercial Limited has any authority to make or give any representation or warranty or enter into any contract in relation to the property; (iv) rents or prices quoted in these particulars may be subject to VAT in addition.
