Office in Cleethorpes available for sale
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Office Property for Sale near Cleethorpes, UK

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Office Properties for Sale Within 5 miles of the Cleethorpes, UK

More details for 170 Victoria St, Grimsby - Office for Sale

170 Victoria St

Grimsby, DN31 1NX

  • Office for Sale
  • £325,000
  • 8,028 sq ft
  • Security System

Grimsby Office for Sale

The property comprises a semi-detached former church, primarily accessed from Victoria Street but also highly visible from Peaks Parkway, Frederick Ward Way and Ellis Way. Internally, the property comprises a variety of different accommodations, including private offices, substantial open-plan areas and workshop/stores, as well as ancillary facilities over both floors. The premises are flexible in their configuration, being capable of splitting into two separate suites if required. The property additionally benefits from a designated car park, accessed via Upper Burgess Street to the rear, capable of housing up to 12 vehicles. Accommodation: Ground Floor Store/Workshop 252.5 sq m (2,717 sq ft), Office 54.4 sq m (585 sq ft), Ancillary 34.2 sq m (369 sq ft); First Floor Office 383.2 sq m (4,125 sq ft), Ancillary 21.5 sq m (231 sq ft).

Contact:

Scotts Property LLP

Date on Market:

11/01/2022
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Learn More About Investing in Office Properties

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FAQs About Office Buildings For Sale in Cleethorpes

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How many office buildings are currently available for sale in Cleethorpes?
There are currently 2 office properties available for sale. Sizes range from 2,662 sq ft to 3,244 sq ft, with an average size of 2,953 sq ft. Available opportunities may include owner-occupied offices, investment assets and multi-let office buildings.
How much does office property cost in Cleethorpes?
The average asking price is approximately £74 per sq ft, with prices ranging from £60 to £87 per sq ft. Values vary depending on location, building quality, tenancy profile, specification and local market demand.
What factors influence office property values?
Office values are influenced by location, building specification, lease terms, tenant quality, occupancy levels, accessibility and market demand. Modern, well-located buildings with strong tenant covenants often attract greater buyer interest.
What sizes of office buildings are available?
Available properties range from 2,662 sq ft to 3,244 sq ft, with an average size of 2,953 sq ft. Opportunities may suit owner-occupiers looking for dedicated premises, as well as investors seeking larger multi-let assets.
Can I buy an office building for my own business?
Yes. Many businesses choose to purchase office premises to gain long-term control over occupancy costs and avoid future lease negotiations. Ownership may also provide the opportunity to benefit from future capital appreciation.
What types of tenants occupy office buildings?
Office occupiers can include professional services firms, technology companies, financial institutions, public sector organisations, healthcare providers and creative businesses. Tenant quality and lease structure are often important considerations for investors.
What is the difference between a vacant office and an investment property?
A vacant office may appeal to owner-occupiers or investors seeking refurbishment opportunities. An investment property is typically sold with tenants already in place, providing an established income stream from the date of purchase.
Can office buildings be refurbished or repositioned?
Many buyers seek opportunities to improve office assets through refurbishment, modernisation or reconfiguration. Upgrading facilities, improving energy performance and creating more flexible layouts can enhance occupier appeal and long-term value.
What ESG considerations are important when buying office property?
Energy efficiency, EPC ratings, sustainability credentials, natural light, ventilation and access to public transport are becoming increasingly important. Buildings with strong environmental performance may be more attractive to occupiers and investors alike.
What due diligence should I carry out before buying?
Due diligence should include reviewing leases, title documents, service charge information, tenant covenant strength, planning permissions, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax (SDLT), legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

Discover More Office Properties for Sale in the Cleethorpes, UK

You searched for office buildings for sale in Cleethorpes. Explore 2 listings from leading agents on LoopNet. Whether you're seeking office properties to expand your portfolio, establish a headquarters, or secure a prime investment opportunity, LoopNet provides a diverse selection to meet your needs. Each listing offers detailed information on building features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of office investment properties worldwide, LoopNet is your trusted partner in finding the perfect office investment.

Key Factors to Consider When Investing in an Office Building

Investing in an office building can be a lucrative venture, but it requires careful evaluation. Here are the most important factors to consider:

  • Location & Accessibility
    • Prime locations with strong demand offer higher rental yields.
    • Proximity to public transport, major roads, and amenities increases tenant appeal.
  • Tenant Demand & Occupancy Rates
    • Analyse market demand for office space in the area.
    • Check vacancy rates and existing long-term leases.
  • Rental Yield & Return on Investment (ROI)
    • Compare rental income vs. property price to assess profitability.
    • Consider potential for rental growth over time.
  • Property Condition & Age
    • Older buildings may require costly renovations.
    • Modern buildings with energy-efficient features attract premium tenants.
  • Market Trends & Economic Conditions
    • Evaluate office space demand, remote work trends, and business growth in the area.
    • Check local economic stability and corporate presence.
  • Building Amenities & Features
    • High-speed internet, parking, security, and sustainability features boost property value.
    • Shared meeting rooms and flexible layouts attract a broader tenant base.
  • Legal & Planning Permission
    • Ensure compliance with local planning laws and building codes.
    • Understand lease structures and tenant obligations.
  • Maintenance & Management Costs
    • Factor in ongoing maintenance, property management fees, and service charges.
    • A well-managed building retains tenants and minimizes turnover costs.
  • Future Development & Infrastructure
    • Nearby upcoming developments can impact demand and property value.
    • Infrastructure projects like new transport links can enhance desirability.
  • Exit Strategy
    • Consider long-term value appreciation and potential resale opportunities.
    • Analyse liquidity in the commercial property market.

By carefully evaluating these factors, you can make a more informed investment decision and maximise returns on your office building purchase.

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