Grimsby Retail Opportunity

Property description

The property presents a compelling mixed-use retail investment opportunity in a densely populated residential area of Grimsby. Currently, the asset generates a passing rent of £51,220 per annum. Units 1 and 5 are vacant and available to let.
Unit 5, comprising approximately 6,000 sq. ft of prime convenience retail space, is held under an existing lease to Gill Marsh Forecourts Limited (expiring June 2030) at £27,500 per annum. The tenant has vacated the premises and indicated their willingness to surrender the lease, creating an opportunity for re-occupation and lease restructuring.