Commercial Property in DN40 available for sale
8

Commercial Properties for Sale near DN40, Immingham

Commercial Properties for Sale Within 10 miles of the DN40, Immingham

More details for 47-47A Grimsby Rd, Cleethorpes - Retail for Sale

47-47A Grimsby Rd

Cleethorpes, DN35 7AQ

  • Retail for Sale
  • £135,000
  • 2,010 sq ft
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More details for 48-50 Newland Av, Hull - Retail for Sale

48-50 Newland Av

Hull, HU5 3AE

  • Retail for Sale
  • £395,000
  • 3,553 sq ft
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More details for 33 Victoria St W, Grimsby - Retail for Sale

33 Victoria St W

Grimsby, DN31 1DL

  • Retail for Sale
  • £120,000
  • 971 sq ft
  • 1 Unit Available
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More details for 137 Corporation St, Grimsby - Retail for Sale

137 Corporation St

Grimsby, DN31 1UR

  • Retail for Sale
  • £85,000
  • 226 sq ft
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More details for 215 Grimsby Rd, Cleethorpes - Retail for Sale

215 Grimsby Rd

Cleethorpes, DN35 7HB

  • Retail for Sale
  • £160,000
  • 269 sq ft
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More details for 166 Cleethorpe Rd, Grimsby - Retail for Sale

166 Cleethorpe Rd

Grimsby, DN31 3HW

  • Retail for Sale
  • £88,000
  • 1,789 sq ft
  • Security System

Grimsby Retail for Sale

A fantastic opportunity has arisen to purchase a two-storey terraced building with basement storage. The ground floor comprises a retail premises and storage/workshop area, while the first floor offers a self-contained flat. The front retail shop features a main retail area (approx. 47sqm / 505sqft), store/office (approx. 29sqm / 312sqft), kitchenette, and W.C. It is complemented by a rear storage/production area, including basement storage and convenient rear loading access. The self-contained flat on the first floor is accessible from the front elevation and is currently let on a long ground lease, ensuring stable rental income. We understand that the commercial property is let on a 10-year Full Repairing and Insuring Lease (FRI) starting from March 3, 2017, at an annual rent of £6,240, subject to review every three years to the higher of the Retail Price Index (RPI) or market rent. The rear area and basement are leased separately to the same tenant on a 10-year FRI starting from June 10, 2018, at an annual rent of £2,080, with similar rent review terms. The flat is leased on a long ground lease for 150 years starting from April 1, 2018, at a ground rent of £150 per annum. The property is strategically situated on Cleethorpe Road (A180), linking Grimsby and Cleethorpes, and provides easy access out of town via the M180. This property presents a secure, long-term investment opportunity, offering both commercial and residential income streams in a highly sought-after location. Contact us today to learn more or schedule a viewing.

Contact:

Jackson Green & Preston

Property Subtype:

Shopfront Retail / Office

Date on Market:

08/08/2024

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FAQs About Commercial Property For Sale in DN40

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How many commercial properties are currently available for sale in DN40?
There are currently 0 commercial properties available for sale. Sizes range from to , with an average size of. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in DN40?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Property values will vary depending on location, size, condition, tenant status and market demand.
What factors influence commercial property values?
Property values can be affected by location, building quality, asset size, lease terms, tenant covenant strength, redevelopment potential and local market conditions. For investment properties, income generation and yield are also important considerations.
What types of commercial property are available to buy?
The market may include offices, retail units, industrial properties, warehouses, land, mixed-use buildings and specialist assets. Availability will vary depending on location and current market conditions.
What should I consider before buying commercial property?
Key considerations include location, accessibility, property condition, planning permissions, lease arrangements, operating costs and future growth potential. Buyers should also understand any legal, environmental or structural issues that could affect value or usability.
What is rental yield and why does it matter?
Rental yield measures the income generated by a property relative to its purchase price. Investors often use yield to compare opportunities, although it should be considered alongside factors such as tenant quality, lease length and potential for capital growth.
Can I buy commercial property for my own business?
Yes. Many buyers purchase commercial property to occupy themselves rather than as an investment. Owning premises can provide greater control over operating costs, security of tenure and the potential to benefit from future capital appreciation.
Do I need a commercial mortgage?
Many buyers use commercial finance to fund acquisitions. Deposit requirements, lending terms and borrowing costs vary depending on the property, the buyer's circumstances and the intended use of the asset.
What due diligence should I carry out before buying?
Due diligence typically includes reviewing title documents, planning permissions, leases, service charge information, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What are the risks of buying commercial property?
Potential risks include market fluctuations, vacancy periods, tenant default, maintenance costs, planning restrictions and changes in local demand. Thorough due diligence and effective asset management can help reduce these risks.
Can overseas buyers purchase commercial property in the UK?
Yes. International buyers can purchase commercial property in the UK, although additional legal, tax and regulatory considerations may apply. Professional advice should be obtained before proceeding with a transaction.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax, legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

Discover More Commercial Properties for Sale in the DN40, Immingham

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