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Detached commercial building

Grimsby, DN32 - Get Access

Description

A detached commercial building and secure yard currently used as a workshop, subject to a lease producing £4,200 per annum. The property comprises a detached commercial building currently used as a ground floor workshop with first floor ancillary space. Situated on a mixed-use road close to local shops and amenities, with the open spaces of Grant Thorold Park within easy reach. Transport links are provided by Grimsby Town rail station. Ground floor workshop area approximately 283 sq ft. First floor ancillary space approximately 195 sq ft. Externally, the property benefits from a front yard measuring approximately 668 sq ft. The property is subject to an FRI lease for a term of 5 years expiring on 6th August 2028 at a rent of £4,200 per annum. Freehold tenure.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Low confidence Floor Area: 478 sq ft (Listing)

This detached commercial workshop and secure yard spanning 478 sq ft on Weelsby Street, Grimsby, was valued by assessing its income-generating capacity under the existing FRI lease and benchmarking against typical regional industrial/workshop capital values. The property presents fair condition with dated internal fittings and requires attention to external render and flooring. Valuation floor area was sourced from internal records.

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