The properties comprises a Georgian former residential dwelling of traditional brick build with pitched tile roofing which has been converted over a number of years to provide private practice and office accommodation with secure, private parking to the rear of the property. Currently occupied as and established exclusive hair and beauty practice, let on a FRI lease terms, expiring October 2025 at a passing rent of £12,000 per annum, a separately let car park (rear) also let on FRI lease terms at an annual rent of £5,000 per annum, generating a combined income of £17,000 per annum.
Car parking for approximately 5/6 vehicles. Separately let car park (inc 3 parking spaces).
The property is situated on Wellowgate in Grimsby which is immediately south of the town centre core and transport links.
Wellowgate is of a mixed use location, occupied by a variation of office occupiers and retailers that has in recent time’s undergone extensive development, most recently being the completion of the Holiday Inn Express.
Grimsby is the principal town within North East Lincolnshire with the Borough having population of approximately 160,000. The town is a renowned leader in the food industry along with other industries adding to the local economy such as renewable energies, logistics, engineering and tourism.
Legal Costs
Each party is to be responsible for their own legal costs and stamp duty or land tax that may apply.
Rateable Value
We are advised by North East Lincolnshire Council that the Rateable Value is £9,089 under the new assessment. Interested parties are advised to confirm this with the Local Authority. Rateable Values can change and the rates payable can vary due to changes in transitional relief.