Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment opportunity let to Specsavers and occupying a prime corner pitch on a pedestrianised street.
Arranged as two ground floor retail units with associated upper parts, the ground floor retail unit at 31 Victoria Street and the Upper Parts are let to Specsavers Optical Superstores Limited, a long-standing occupier of 15+ years, on a recently renewed five year lease expiring 04.09.2030 and paying £30,000 per annum.
The ground floor retail unit at 33 Victoria Street is sold off on a long leasehold basis. This leasehold is also available and details can be found here.
The property occupies a prominent corner pitch with a principal frontage to Victoria Street, forming part of the retail heart of Grimsby characterised by a number of national occupiers including Subway, Greggs, Savers and McDonalds. Freshney Place Shopping Centre lies to the rear of the property with the nearby Brewery Street forming the principal point of access.
Tenure
Freehold
Tenancy
The ground floor retail unit at 31 Victoria Street and the Upper Parts are let to Specsavers Optical Superstores Limited, a long-standing occupier of 15+ years, on a recently renewed five year lease expiring 04.09.2030 and paying £30,000 per annum.
The tenant recently renewed their lease displaying confidence in the location. The renewal includes a period of reduced rent until 05/09/2026 however the vendor will "top up" the rent to the full quoted rent for the duration of this concession.
The lease is on full repairing and insuring terms and includes a tenants break option in the third year.
Specsavers Optical Superstores Limited
The ground floor retail unit at 33 Victoria Street is sold off on a long leasehold basis. This leasehold is also available and details can be found here.
Rent
Notes
We understand the property is elected for VAT.