Grimsby – Long Leasehold Shop and Residential Investment
Unit - South Humberside
246 Freeman Street, Grimsby, South Humberside, DN32 9DR
Long Leasehold Shop and Residential Investment
- Purchase Price: £60,000
- Net initial yield of approximately 13.33% assuming normal purchaser’s costs
- VAT is not applicable to this lot
- Mid terraced retail premises
- Leasehold for a term of 999 years
- Popular location on Freeman Street, close to Hainton Avenue and Asda
- The property comprises a two storey mid terraced building of traditional construction providing a ground floor shop with sales area and WC to the rear which benefits from a security shutter to the front elevation
- Grimsby is the main commercial centre for North East Lincolnshire having a resident population approaching 100,000 although benefiting from a much larger surrounding catchment area
Grimsby is the main commercial centre for North East Lincolnshire having a resident population approaching 100,000 although benefiting from a much larger surroundi ng catchment area. Grimsby is ideally situated with road connections to the A180 which in turn provi des access to the M180, The Humber Bridge and in a ddition to the Humberside International Airport which is located approximately 14 miles to the south west.
Grimsby is one of the largest ports in the country and is situated on the south bank of the Humber Estuary. The combined Humber Ports handle a large percentage of overseas trade (currently worth over £24 billion annually).
The premises are situated close to the Asda superstore on the west side of Freeman Street close to its junction with Hainton Square forming part of an established secondary retail area to the east of Grimsby town centre.
The premises benefit from good road access via Freeman Street (B1213) and the A180 and thus M180 and the national motorway network.
Tenancies & Accommodation:
Disclaimer: Blue Alpine Partners prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Blue Alpine Partners will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Blue Alpine Partners may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease.
Joseph Bachman is responsible for operations and investor relations within Blue Alpine Ltd. A strategically minded Entrepreneur and Director, possessing a 10+ year demonstrable track record of creating revenue growth and shareholder value. Expertise in International expansion, corporate restructuring, business development, sales and marketing strategies, financial management and fostering strong alliances. Since May 2010, when he co-founded the women’s luxury brand Paolita, Joseph has collaborated with over 200 global fashion brands. Prior 2010, Joseph worked in the private equity and hedge fund sectors as a consultant specialising in co-investment opportunities and fundraising.