Grimsby, North East Lincolnshire, An excellent opportunity

Pygott & Crone - Commercial

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· Joined: Feb 17, 2011

£750,000

Grimsby, North East Lincolnshire, An excellent opportunity

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Grimsby, North East Lincolnshire, An excellent opportunity in West Marsh LIN is a House

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Price:

£750,000 Get Prequalified Today

Contact:

01522 536777

Location:

West Marsh, Lincs

Description:

An excellent opportunity to acquire this freehold income producing industrial investment property comprising a food production facility in this established South Humberside Industrial Estate. The property has an existing lease in place 10 years from 2006 with a passing rent of £75,000 per annum. The property extends to in the region of 1079 sq m (11607 sq ft) and is currently let to Ice Fresh Seafood Limited.

SITUATION
The property is situated on the South Humberside Industrial Estate on the outskirts of Grimsby. This is well located for easy access to Grimby town centre approximately 1.5 miles to the east and less than half a mile from the A180 trunk road which links the town centre to the M180 at Junction 5, and provides dual carriageway access to the east riding of Yorkshire via the Humber Bridge.
Grimsby is a sea port on the River Humber on the north east of England, situated 28 miles east of Scunthorpe, 44 miles north east of Lincoln, 78 miles east of Leeds via the M181 and M62, major nearby roads include The A16, A46, A180, M180 within juction 5 of the M180 some 17 miles to the west. Rail services from Grimsby to Leeds take about 2 hours and services into Londons Kings Cross take approximately 3 hours.
The area is benefiting from the recent expansion from the Humber ports including Immingham, Killingham and Grimsby which now has a major car inport/export terminal. Immingham is one of the largest ports in Europe of oil refining, container and grain imports/exports.
Grimsby itself is also benefiting from major expansion in the food industry and is now known as Europes food town.
DESCRIPTION
The unit provides a detached food production facility which was fully converted and fitted out in 2003. The building itself is of a steel porta frame construction with full height brick walls under a pitched insulated profile sheet roof.
We understand the unit has been fitted out to a high standard comprising goods in/out, store and changing rooms, low risk preparation and production. Incorporated within the factory are 2 cold stores and capabilities of 263 cubic m (9,283 cubic ft) and 136 cubic m (4,807 cubic ft) respectively. The coldstores run at -20 degrees C. In addition to the 2 coldstores is a chiller with an 83 cubic , (2,931 cubic ft) capacity.
There is office accommodation to the front of the unit which also includes further staff accommodation and test kitchens. Externally the unit benefits from a self contained yard with steel pallisade security fencing.
The units comprise a gross internal area of 1,079 sq m (11,607 sq ft).
The property presently has planning permission for use as a food processing centre and premises.
PLANNING PERMISSION
The property presently has planning permission for use as a food processing centre and premises.
BUSINESS RATES
The rateable value is 32,500 upto the year 2008/2009.
LEASE TERMS
The property is currently let to Icefresh Seafodds Ltd (guaranteed by Seagodl Ltd) for a term of 10 years commencing 3rd January 2006. The lease is on a full repairing and insuring basis and is subject to 3 yeraly rent reviews. The passing rent is 75,000 per annum.
VAT
The price expressed in these particulars is exclusive of VAT at the appropriate rate.
LOCAL AUTHORITY
North East Lincolnshire Council, tel: 01472 313131.
EPC
The Energy Performance Certificate for this property is attached hereto:
VIEWING
Viewing is strictly by appointment with the sole agents:
Pygott & Crone
Lawrence House
27-29 Clasketgate
Lincoln
LN2 1JJ
Tel: 01522 536777
Fax: 01522 787603
DETAIL PLAN
Not to scale.
STREET PLAN
Not to scale.
TOWN PLAN
Not to scale.
FIXTURES AND FITTINGS
Items described in these particulars are included in the sale, all other items are specifically excluded. We cannot verify that they are in working order, or fit for their purpose. The buyer is advised to obtain verification from their solicitor or surveyor.
Measurements shown in these particulars are approximate and are given as room guides only. These must not be relied upon or taken as accurate. Purchasers must satisfy themselves in this respect.
NOTE
The Money Laundering Regulations 2007 has been extended to include estate agency work with the definition of relevant business. Estate agency is as defined in the Estate Agents Act 1979. Auctioneers and estate agents will have to put certain anti-money laundering procedures into place. Failure to do so will be a criminal offence that carries a penalty of a maximum of two years imprisonment, or a fine or both.
The principal requirements are identification of clients, record keeping, internal reporting procedures and employee training and awareness.

This footer paragraph is an example only and should not be relied upon as complying with current legislation. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

Property Type:

Single-Family Houses

For sale by:

Agent/Broker

Phone:

01522 536777

Posted:

February 16 2011 on Facebook

Contact:

01522 536777