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The Enterprise Zone Armstrong St 9,668 sq ft Office Property Grimsby DN31 1XB £850,000 (£87.92/sq ft) 13.37% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Good road communications
  • Surrounded by a range of complementary commercial occupiers
  • Single storey detached office building

EXECUTIVE SUMMARY

The property comprises a single storey detached office building that has been divided into two suites. The Freehold of the property is available For Sale, subject to the two
occupational leases.

PROPERTY FACTS Sale Pending

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
9,668 sq ft
Costar Property Class
B
Year Built
2000
Price
£850,000
Price per sq ft
£87.92
Yield
13.37%
NOI
£113,645
Tenancy
Single
Number of Floors
1
Typical Floor Size
9,668 sq ft
Floor To Floor Height
11 ft
Plot ratio
0.25
Total Plot Size
0.90 ac
Parking
12 Spaces (1.24 Spaces per 1,000 sq ft Leased)

AMENITIES

  • Kitchen
  • EPC - C
  • Fully Carpeted
  • Open-Plan
  • Suspended Ceilings
  • Listing ID: 35236256

  • Date on Market: 24/03/2025

  • Last Updated:

  • Address: Armstrong St, Grimsby DN31 1XB

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