Retail Investment Opportunity 2 Retail Properties in Grimsby

The property comprises a small shopping park consisting of a terrace of four retail units and a substantial detached single-storey convenience store benefitting from 27
shared parking spaces. The units lie within a site of 0.8 acres, and are accessible via a side street to Convamore Road. The site occupies a frontage directly on to Convamore
Road in a well-positioned established location in the heart of Grimsby.
Internally, units 1 to 4 offer a well-proportioned ground floor retail area, storage and
ancillary space to the rear, inclusive of WC's and kitchens. The units are secure and benefit from roller shutter doors to the front of the terrace.
Unit 5 which consists of a large detached convenience store offers a substantial ground-floor retail area of approximately 3,000 sq. ft. Within the unit, there is ample storage space, extending beyond the shop floor, where there are staff facilities, including WC's, a kitchen, and staff room area, as well as stock storage, and two walk-in fridges.
Offers are invited on a freehold basis.
Alternatively leasehold offers on Units 1 & 5 will be considered on their individual merits.
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.