Armstrong Street, West Marsh Industrial Estate, , North East , DN31 1XD

Investment Car Sales/Industrial

Chartered Surveyors & Commercial Property Consultants 01472 267513 pph-commercial.co.uk

Summary Description Tenure • Popular well-established industrial location The property comprises a level rectangular shaped site, We understand the premises are held by way of a 99 year • Current net income of £23,000 per annum having extensive frontage to both Armstrong Street and ground lease from Council with effect • The premises are currently used for motor vehicle sales additional access from Annesley Street to the rear. from 5th December 1973, being subject to a current ground and repairs but would potentially suit alternative uses, rent of £7,000 per annum, which is paid half yearly in arrears. subject to consent The property is securely fenced, gated and fully surfaced. The next rent review is 5th December 2033 and every 15 years thereafter. Location To the centre of the site there is a single storey office and Grimsby is the main commercial centre for North East workshop accommodation being of traditional masonry The property is subject to two occupational leases for a Lincolnshire having a resident population approaching 100,000 construction beneath a pitched insulated clad roof. period of 5 years from 2018, being the sales office and although benefiting from a much larger surrounding forecourt to Mr Aaron Cook at £18,000 pa exclusive of rates catchment area. Grimsby is ideally situated with road Internally, the property benefits from fitted lighting and 4no. and all other outgoings and rear workshop to Mr Paul connections to the A180 which in turn provides access to the roller shutter doors to the rear workshop, together with WC Humphrey at £12,000 pa exclusive of rates and all other M180, The Humber Bridge and in addition to the Humberside facilities. outgoings. The combined gross rental is £30,000 per annum International Airport which is located approximately 14 miles to exclusive of rates and all other outgoings. The leases are the south west. Site Areas effectively protected business tenancies falling within the The property provides the following approximate Landlord & Tenant Act 1954 Part II which are drawn on a Grimsby is one of the largest ports in the country and is situated accommodation which has been measured on a Gross Internal typical full repairing and insuring basis. on the south bank of the Humber Estuary. The combined Area basis in accordance with the RICS Code of Measurement Humber Ports handle a large percentage of overseas trade Practice: (currently worth over £20 billion annually). Sq m Sq ft

Ground Floor The property is located on the north side of Armstrong Street, Office accommodation 16.6 173 close to its junction with Rendall Street forming part of the Rear workshops and WC 141.2 1,520 popular and well-established West Marsh Industrial Estate. The 2 no. precast concrete sectional garages property further benefits from a separate access to the rear Total accommodation 157.8 1,693 via Annesley Street. Site Area 0.45 acres

Terms The property is available For Sale, subject to the following terms and conditions.

Price In the region of £225,000 plus VAT if applicable, subject to contract.

VAT

We understand the property has not been elected for VAT purposes and therefore VAT will not be levied upon the purchase price.

Europarc, Innovation Way Grimsby, North East Lincolnshire, DN37 9TT 01472 267513 pph-commercial.co.uk

Business Rates The Tenants are currently responsible for the payment of business rates. The property is currently split to provide two separate rateable values being:-

£6,100 (Car sales site & premises) £6,400 (Vehicle repair workshop & premises).

Both assessments are subject to the current uniform business rate in the pound (source VOA website).

The rateable values are below the Government threshold of £12,000 for Small Business Rate Relief and therefore a Tenant may be able to claim 100% exemption from business rates provided that they are not already paying business rates or claiming such an exemption. Interested parties are advised to confirm the accuracy of the above figures by contacting the Local Authority directly.

EPC A copy of the Certificate and Recommendation Report is available on request.

TBC

Contacts Duncan Willey

01724 294946 | 07710 344602 [email protected]

Sam Fallowfield

01724 294942 | 07340 518003 [email protected]

Date: March 2021 File Ref: 14585

PROPERTY MISREPRESENTATION, MISDESCRIPTION & FINANCIAL SERVICES ACTS Europarc, Innovation Way 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, Grimsby, North East Lincolnshire, DN37 9TT 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 01472 267513 pph-commercial.co.uk 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.