Retail in DN40 available for sale
8

Retail Properties for Sale near DN40, Immingham

Retail 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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More details for 425 Grimsby Rd, Cleethorpes - Retail for Sale

425 Grimsby Rd

Cleethorpes, DN35 7LB

  • Retail for Sale
  • £107,500
  • 750 sq ft
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FAQs About Retail Property For Sale in DN40

See All Retail Spaces For Sale
How many retail properties are currently available for sale in DN40?
There are currently 0 retail properties available for sale. Sizes range from to , with an average size of. Available opportunities may include high street shops, retail units, shopping centre space, neighbourhood parades and mixed-use investments.
How much does retail property cost in DN40?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Values are influenced by factors such as location, footfall, tenant strength, lease terms and the overall condition of the property.
What factors influence retail property values?
Location is often the most important factor, alongside footfall levels, tenant quality, lease length, rental income, nearby occupiers and local market conditions. Properties with strong trading locations and established tenants may attract greater investor demand.
What sizes of retail property are available?
Available properties range from to , with an average size of. Opportunities may suit independent retailers, owner-occupiers, investors and larger multi-site operators.
What are the benefits of investing in retail property?
Retail property can provide long-term rental income and the potential for capital growth. Well-located assets with established tenants may offer predictable income streams, while properties with redevelopment or alternative-use potential can provide additional opportunities for value creation.
What risks should I consider before buying?
Potential risks include tenant vacancy, changing consumer behaviour, local competition, economic conditions and shifts in retail demand. Understanding the strength of the location and the sustainability of rental income is an important part of any acquisition decision.
How does lease length affect investment performance?
Longer leases can provide greater income certainty, while shorter leases may offer opportunities for rent growth or repositioning. Investors should review rent review provisions, break clauses and tenant obligations when assessing an asset.
What types of tenants occupy retail property?
Retail occupiers can include national retailers, convenience stores, restaurants, cafés, health and beauty businesses, service providers and independent operators. The mix of tenants can influence both investment performance and future demand.
Can a retail property be used for other purposes?
Many retail premises fall within Use Class E, which may allow a degree of flexibility between retail, office, hospitality, health and other commercial uses. However, any proposed change of use should be confirmed with the local planning authority.
What due diligence should I carry out before buying?
Buyers should review leases, tenant covenant strength, service charge arrangements, planning permissions, title documents, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
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 maintenance works that may be required.

Discover More Retail Properties for Sale in the DN40, Immingham

With 0 retail units currently available for sale in DN40, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in DN40, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in DN40, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in DN40 can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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