Commercial property for sale in Wickham Road, Grimsby DN31

Summary
auction sale 12 September 2024 - Food Grade Processing Centre,
71,364 sq. Ft within 4 Acre Site,
Investment with £508,830 Gross Annual Rent.

Description
Food Grade Processing Centre,
71,364 sq. Ft within 4 Acre Site,
Investment with £508,830 Gross Annual Rent.

Location:
Great Grimsby Seafood Village is a modern development geared specifically to the demands of food grade seafood processing and located within the abp Grimsby Dock Estate. The port of Grimsby has experienced significant growth in recent years especially in relation to the renewables sector and car import terminal with this development satisfying the demand to house the vibrant fish merchant and processing businesses in modern well located accommodation. The estate has excellent transport links especially with the A180 motorway link providing direct access from the dock to the national motorway network via the M180.

Description:
Great Grimsby Seafood Village was opened in 2012. The estate comprises an L shaped development originally of 21 food processing units together with café, training rooms and management/security space. The buildings are of steel portal frame construction with a mix of blockwork elevations and profile steel cladding. The common external areas providing tarmac surfaced areas for heavy lorry turning, loading and general parking spaces.

Tenure:
Held on a headlease for 125 years from 1st October 2010 at a current rent of £88,708 per annum and subject to rpi linked rent reviews every 3 years, next due October 2025.

Unit: Cafe
Size: 77.3 sq.m
Tenancy: Rolling tenancy from 1/7 2023
Rent: £3,900

Unit: 1 and 2
Size: 727 sq.m
Tenancy: Let to Marrfish Ltd 7 year lease expiring August 2024 with tenant option to renew
Rent: £46,280

Unit: 3
Size: 681 sq.m (with unit 4)
Tenancy: Let to Ideal Foods Ltd 7 year lease expiring March 2029. Rent reviews at 3rd and 5th anniversary. Break clauses March 2025 and 2027.
Rent: £25,740

Unit: 4
Tenancy: Let to Ideal Foods Ltd 7 year lease expiring June 2030. Rent reviews at 3rd and 5th anniversary. Break clauses June 2026 and 2028.
Rent: £28,600

Unit: 5
Size: 1,051 sq.m with 6a, 6b and 7
Tenancy: Let to Rebel Fish 7 year lease expiring February 2031. Rent reviews at 3rd and 5th anniversary. No break clauses.
Rent: £25,740

Unit: 6a, 6b and 7
Tenancy: Let to Rebel Fish 7 year lease expiring March 2029. Rent reviews at 3rd and 5th anniversary. Break clauses Jan 2025 and Jan 2027.
Rent: £57,030

Unit: 8 and Top Floor No 9
Size: 534.7 sq.m
Tenancy: Let to dd Fish Supplies Ltd 7 year lease expiring May 2027.
Rent: £36,797

Unit: 9a
Size:107.0 sq.m
Tenancy: Let to kjw Seafoods from 6/5/2022
Rent: £13,000

Unit: 9b and 10b
Size:171.6 sq.m
Tenancy: Let to jnr’s Processing for 5 years from 1/4/2024
Rent: £25,480

Unit:10a
Size: 177.7 sq.m
Tenancy: Let on an annual lease to Cheekhouse
Rent: £13,759.21

Unit:11
Size: 334.3 sq.m
Tenancy: Let to Exciting Foods Ltd 7 year lease expiring August 2025. Rent reviews at 3rd and 5th anniversary.
Rent: £14,035

Unit:12a
Size:170.3 sq.m
Tenancy: Let to dna Fish Supplies Ltd 7 year lease expiring November 2027. Rent reviews at 3rd and 5th anniversary. Break clauses at 1st & 4th anniversary.
Rent:£14,157

Unit:12b
Size: 170.3 sq.m
Tenancy: Let to Moorcroft Seafoods Ltd 7 year lease expiring September 2027. Rent reviews at 3rd and 5th anniversary. Break clauses at 3rd anniversary.
Rent: £12,951.90

Unit: 12c / (13) and 14
Size: 680.9 sq.m
Tenancy: Let to Jaines and Son (Grimsby) Ltd 7 year lease expiring November 2028. Rent reviews at 3rd and 5th anniversary. Break clauses at 2nd anniversary.
Rent: £49,400

Unit:15
Size: 163.5 sq.m
Tenancy: Let to sampac Ltd 7 year lease expiring March 2029. Rent reviews at 3rd and 5th anniversary. Rolling annual break clauses every anniversary.
Rent: £10,400

Unit: 16a
Size: 187.2 sq.m
Tenancy: Let to Ocean Bounty Ltd 7 year lease expiring January 2029. Rolling annual break clauses every anniversary.
Rent: £10,250

Unit: 16b
Size: 187.2 sq.m
Tenancy: Let to Panel Fab Ltd 7 year lease expiring January 2029. Rolling annual break clauses every anniversary.
Rent: £10,250

Unit:17
Size: 339.9 sq.m
Tenancy: Let to Ideal Foods Ltd 3 year lease expiring January 2025. Break clause July 2023
Rent: £28,600

Unit: 18
Size: 345.5 sq.m
Tenancy: Let to Scofish Distribution Ltd 7 year lease expiring July 2026. Rent reviews at 3rd and 5th anniversary. Break clause at 3rd anniversary.
Rent: £25,740

Unit: 19
Size: 180.5 sq.m
Tenancy: Let to Pelagia (UK) Ltd 7 year lease expiring July 2026. Rent reviews at 3rd and 5th anniversary.
Break clause at 3rd anniversary
Rent: £25,740

Unit: 20
Size: 210.2 sq.m
Tenancy: Let to North East Lincolnshire Council 7 year lease expiring June 2029. Rent reviews at 3rd and 5th anniversary. Break clause at 3rd and 5th anniversary.
Rent: £25,740

Unit: Shop
Size: 52.5 sq.m
Tenancy: Let to Grimsby Fish Ltd for 6 years from 1/3/2021
Rent: £5,200

Unit:1st floor admin unit
Tenancy: Vacant

Unit: Ground Floor Admin Unit
Tenancy: Vacant

Important Notice:
Please refer to Money Laundering Regulations (page 12) and Auction Notices (pages 18 and 19) within our Catalogue available to download on our website.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.