Lot
021
Auction Ends: 26/02/2025

New Clee Industrial Units, Spencer Street, Grimsby, Lincolnshire, DN31 3AA

Property Details
Location
Description
FREEHOLD INDUSTRIAL INVESTMENT - Current rental £51,700pa (c £100,000 when fully let). A site of just over 1 acre comprising 14 individual industrial units in three separate blocks located less than 1 mile to the east of Grimsby Docks. The estate was built in the mid 1980s to encourage growth in the light industrial sector amongst small businesses and currently 7 of the 14 units are let with annual rents varying between £3,250 and £12,000. Improvement work is required but considerable potential is offered to enhance the property as an investment.
Location
The units lie between the A180 Cleethorpes Road and Harrington Street, a short walk from New Clee Railway Station, to the north east of Grimsby Town Centre and less than a mile from the docks. The entrance to the estate is at the end of Spencer Street with the 14 units being arranged in three main blocks.
Accommodation
See Summary Schedule below.
Approx Site Area
Approximately 4,325 Sq M (5,173 Sq Yds).
Tenancy
SUMMARY SCHEDULE - As at 12th December 2024

UNITSTATUSSIZE  (GIA)RENT paERVLEASE TERMSNOTES EPC
Unit 1M&B Safety Netting Ltd148.9 sqm£8,000£8,00010th Feb 2023-9th Feb 2026 FRID
Unit 2Monarc Services Ltd 76.9 sqm£4,250£4,2501st Sep 2021- 31st August 2024FRI. Holding over. 3m noticed required D
Unit 3Vacant76.3 sqm
£6,000

E
Unit 4Vacant76.8 sqm
£4,500

D
Unit 5Vacant75.3 sqm
£4,500

E
Unit 6Centre Line Machining Ltd228.7 sqm£10,600£10,600Tenancy at will from 16th Jan 2012FRID
Unit 7Vacant134.7 sqm
£6,700

D
Unit 8Harry Barca207.5 sqm£8,150£8,150Lease in legals. Completion date 9th October 2024 FRIE
Unit 9Robert Pollack139 sqm£8,200£8,2002nd Sep 2024 - 1st Sep 2029FRI. 3m notice required for anniversary breaksE
Unit 10Vacant246.3 sqm
£12,000

E
Unit 11Vacant75.40 sqm
£3,500


Unit 12

MB Joinery(Cleethorpes) Ltd

76.7 sqm£4,500£4,50020th Dec 2023- 19th Dec 2026FRI. 3 m notice requiredE
Unit 13Vacant 120.5 sqm
£6,200

C
Unit 14Fabio Devito148.9 sqm£8,000£8,00023rd March 2024- 22nd march 2027FRI. 3m notice required E
TOTAL
1,832 sqm (19,711 sqft)£51,700pa (CRV)£95,100pa (ERV)



Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 25TH FEBRUARY AND CLOSES ON WEDNESDAY 26TH FEBRUARY.

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