lower spring street, grimsby, north east lincolnshire ... - Property Pilot
LOWER SPRING STREET, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN31 2JS
LEISURE/RETAIL FOR SALE/TO LET 231.8 SQ M (2,495 SQ FT)
Chartered Surveyors & Commercial Property Consultants
LOCATION Grimsby is the main commercial centre for North East Lincolnshire having a resident population approaching 100,000 although benefiting from a much larger surrounding catchment area. Grimsby is ideally situated with road connections to the A180 which in turn provides access to the M180, The Humber Bridge and in addition to the Humberside International Airport which is located approximately 14 miles to the south west. Grimsby is one of the largest ports in the country and is situated on the south bank of the Humber Estuary. The combined Humber Ports handle a large percentage of overseas trade (currently worth over £20 billion annually). The property is located on the north side of Lower Spring Street close to its junction with Victoria Street (A16) which forms part of the inner ring road system from the A180 into Grimsby town centre. Neighbouring occupiers include Burger King and The Range.
DESCRIPTION
BUSINESS RATES
ACCOMMODATION The property provides the following approximate accommodation which has been measured on a net internal area basis in accordance with the RICS Code of Measuring Practice.
Ground Floor Restaurant & Kitchen Area First Floor Office & Store Room TOTAL ACCOMMODATION APPROX.
Sq m
Sq ft
200.26
2,155
24.76 231.8
366 2,495
TERMS
EPC FOR SALE PRICE
Externally, there are six designated car parking spaces together with a cycle rack.
The commencing rental will be £25,000 per annum, exclusive of VAT, business rates and all other outgoings. The rental will be paid quarterly in advance by standing order – incentives available, subject to status.
Detached modern purpose built restaurant facility of 231.8 sq m (2,495 sq ft) approx. Prominent and accessible location with visibility to Victoria Street (A16) and A180. Designated on-site parking Would suit a variety of alternative uses, subject to consent.
Available by separate negotiation, if required.
The property is available For Sale or To Let, subject to the following terms and conditions.
The property comprises a detached purpose built restaurant facility, being of modern brick construction beneath a pitched tiled roof having attractive double glazing to the front and side elevations to the restaurant area and entrance lobby. The property is currently divided to provide an entrance lobby with double doors leading to a customer bar area, seating area for approximately 80 covers, buffet service and kitchen area together with cold store, ladies and gents WC’s, whilst to the first floor there is an office, store room, staff room and staff WC.
Interested parties are advised to confirm the accuracy of the above figure by contacting the Local Authority directly and also to ascertain whether transitional relief is applicable to the property or if the rateable value is under appeal
BUSINESS/TRADE FIXTURES & FITTINGS
£275,000 plus VAT, if applicable.
SUMMARY
The Purchaser/Tenant will be responsible for the payment of business rates. Verbal enquiries with the Local Authority reveal that the property currently attracts a 2017 rateable value of £22,500 (Restaurant & Premises), which is subject to the current Uniform Business Rate in the pound.
TENURE
C57 The property has an EPC rating of C57. A copy of the Certificate and Recommendation Report is available on request.
We are advised that the premises are freehold and will be conveyed with the benefit of vacant possession.
TO LET RENT
CONTACTS Duncan Willey 01724 294946 07710 344602 [email protected]
LEASE TERM By negotiation.
REPAIRS AND INSURANCE The Tenant is responsible for all repairs and decorations to the demised together with the reimbursement of the annual insurance premium applicable thereto.
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.
Sam Fallowfield 01724 294942 07340 518003 [email protected] Date: October 2017
File Ref: 10573SL/1
Europarc, Innovation Way Grimsby North East Lincolnshire, DN37 9TT 01472 267513 pph-commercial.co.uk
LEISURE/RETAIL FOR SALE/TO LET 231.8 SQ M (2,495 SQ FT)
Chartered Surveyors & Commercial Property Consultants
LOCATION Grimsby is the main commercial centre for North East Lincolnshire having a resident population approaching 100,000 although benefiting from a much larger surrounding catchment area. Grimsby is ideally situated with road connections to the A180 which in turn provides access to the M180, The Humber Bridge and in addition to the Humberside International Airport which is located approximately 14 miles to the south west. Grimsby is one of the largest ports in the country and is situated on the south bank of the Humber Estuary. The combined Humber Ports handle a large percentage of overseas trade (currently worth over £20 billion annually). The property is located on the north side of Lower Spring Street close to its junction with Victoria Street (A16) which forms part of the inner ring road system from the A180 into Grimsby town centre. Neighbouring occupiers include Burger King and The Range.
DESCRIPTION
BUSINESS RATES
ACCOMMODATION The property provides the following approximate accommodation which has been measured on a net internal area basis in accordance with the RICS Code of Measuring Practice.
Ground Floor Restaurant & Kitchen Area First Floor Office & Store Room TOTAL ACCOMMODATION APPROX.
Sq m
Sq ft
200.26
2,155
24.76 231.8
366 2,495
TERMS
EPC FOR SALE PRICE
Externally, there are six designated car parking spaces together with a cycle rack.
The commencing rental will be £25,000 per annum, exclusive of VAT, business rates and all other outgoings. The rental will be paid quarterly in advance by standing order – incentives available, subject to status.
Detached modern purpose built restaurant facility of 231.8 sq m (2,495 sq ft) approx. Prominent and accessible location with visibility to Victoria Street (A16) and A180. Designated on-site parking Would suit a variety of alternative uses, subject to consent.
Available by separate negotiation, if required.
The property is available For Sale or To Let, subject to the following terms and conditions.
The property comprises a detached purpose built restaurant facility, being of modern brick construction beneath a pitched tiled roof having attractive double glazing to the front and side elevations to the restaurant area and entrance lobby. The property is currently divided to provide an entrance lobby with double doors leading to a customer bar area, seating area for approximately 80 covers, buffet service and kitchen area together with cold store, ladies and gents WC’s, whilst to the first floor there is an office, store room, staff room and staff WC.
Interested parties are advised to confirm the accuracy of the above figure by contacting the Local Authority directly and also to ascertain whether transitional relief is applicable to the property or if the rateable value is under appeal
BUSINESS/TRADE FIXTURES & FITTINGS
£275,000 plus VAT, if applicable.
SUMMARY
The Purchaser/Tenant will be responsible for the payment of business rates. Verbal enquiries with the Local Authority reveal that the property currently attracts a 2017 rateable value of £22,500 (Restaurant & Premises), which is subject to the current Uniform Business Rate in the pound.
TENURE
C57 The property has an EPC rating of C57. A copy of the Certificate and Recommendation Report is available on request.
We are advised that the premises are freehold and will be conveyed with the benefit of vacant possession.
TO LET RENT
CONTACTS Duncan Willey 01724 294946 07710 344602 [email protected]
LEASE TERM By negotiation.
REPAIRS AND INSURANCE The Tenant is responsible for all repairs and decorations to the demised together with the reimbursement of the annual insurance premium applicable thereto.
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.
Sam Fallowfield 01724 294942 07340 518003 [email protected] Date: October 2017
File Ref: 10573SL/1
Europarc, Innovation Way Grimsby North East Lincolnshire, DN37 9TT 01472 267513 pph-commercial.co.uk
