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Lot 11 - 35-39 Victoria Street, Grimsby, North East Lincolnshire, DN31 1DL

Guide Price* £275,000

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Property Type
Retail Property (high street)
Tenure
Freehold
Type
Commercial
Bidder Security Deposit
£3,500*

Property Summary

  • Freehold Extensive Grade II Listed Former Bank building
  • Approximately 7,800 sq.ft
  • Prominent High Street location
  • Redevelopment Opportunity (s.t.p.p.)
  • Vacant possession

Freehold Extensive Grade II Listed Former Bank building with vacant possession

Description

The property comprises a Grade II Listed Building being of three storey construction. The ground floor provides a large banking hall containing many original features, and the upper floors, variously sized office space and staff facilities. The premises have an impressive stone frontage to the principal elevation with traditional brick work to the remainder of the building.

Location

The property occupies a prominent corner position on Victoria Street West in Grimsby adjacent to one of the entrances to Freshney Place Shopping Centre. Major high street occupiers nearby include Lloyds, McDonalds and M&S. Grimsby town centre is currently undergoing significant regeneration with a new NHS Community Diagnostics Centre and Horizon Youth Zone having both opened recently. Freshney Place is the largest indoor shopping centre in Lincolnshire and is currently being redeveloped to create a new luxury cinema, other leisure units and indoor market hall. Work is currently underway along with improvements to public spaces and a new waterfront residential development. There is an approx. population of 260,000 within a 10-minute drive time of Grimsby town centre.

Accommodation

Floor Use Sq.m Sq.ft
Ground Former Banking Hall 292.37 3,147
First Offices 224.64 2,418
Second Offices 206.90 2,227
Total 723.91 7,792

Planning

Local Planning Authority - North East Lincolnshire Council – Tel: 01472 313131 www.nelincs.gov.uk

EPC Rating

D

VAT

Refer to the legal pack

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £2,000 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,500 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £2,000 (inc. VAT).

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