Retail premises for sale in Louth Road, Grimsby DN36

Offers in region of £367,500 (£188.75/sq. ft)
Retail premises for sale 1,947 sq. ft*
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Property description

The property is let to Martin McColl Limited for a term of 20 years from 22nd April 2014 on Fri terms and subject to 5 yearly upward only rent reviews with fixed uplifts at 2% per annum compounded throughout. The commencing rental is £22,000 per annum. We are instructed to seek offers in excess of £305,000 (subject to contract) for the long leasehold interest, which reflects a net initial yield of 6.36% assuming purchasers costs at 3.94%.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Savoy Stewart, W1C on +44 20 8115 5245 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savoy Stewart, and do not constitute property particulars. Please contact Savoy Stewart for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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