68/74 Victoria Street, Grimsby, Lincolnshire, DN31 1BL

Freehold retail investment opportunity in Grimsby

Guide price*


Plus fees


Pound sign

Looking for finance on this property?

Find out more
Mail icon

Enquire about this property

Lot 96 Commercial Investment
Save property

Auction details:

Thursday 14th December 2023 @ 09:00AM

A Freehold Well Let Unbroken Shopping Parade Within A Busy Pedestrianised Town Centre Retail Area Current Rental Income £78,000 PA

Property Description

The property comprises an unbroken parade of 3 two storey retail units let to Pizza Hut, BetFred and a mobile phone shop, of brick and rendered construction with pitched roof comprising main retail areas with ancillaries.


The premises occupy a prominent position fronting the main pedestrianised retail area of Victoria Street West within close proximity of the Freshney Place Shopping Centre which includes Marks and Spencer, JD Sports, HMV, Greggs, Costa, Boots, Next and Pandora.

Energy Performance Rating

68- E
70-72- C
74- E


Freehold- Subject to the following tenancies.

Value Added Tax

We understand VAT is applicable on this transaction. For those who are VAT registered, the intention will be to treat as a TOGC. Full details will be available within the legal pack.

Auctioneer's Note

1. We have not undertaken a measured survey, all interested parties might seek their own verification as to floor areas.
2. We have not had sight of the lease documentation, copies of the leases will be in the legal pack.
3. Please note offers may be considered prior to the Auction Sale.


Refer to the auctioneers. We will endeavor to arrange internal access, however this may not always be possible.

Accommodation / Tenancy Details

Demise Area (sq.ft.) Tenant Term Rent PA ERV Comments
Unit Floor User Floor Areas Tenant Term Rent PA
68 Ground Retail 934 sq. ft (86.79 sq.m) Done Brothers (Cash Betting Ltd) trading as BetFred 15 years from 30/06/2006- 29/06/2021 (holding over) £40,000
First Ancillary 592 sq.ft (54.99 sq.m)
70/72 Ground Retail 2,533 sq. ft (235.33 sq.m) Pizza Hut UK Limited Trading as Pizza Hut 5 years from 31/07/2023 £25,000
First Ancillary 970 sq. ft (90.10 sq. m)
74 Ground Retail 275 sq.ft (25.3 sq. m) Hakim's Communication Limited with a guarantee from Rafay Communications Limited 10 years from 16/08/2021 £13,000
First Ancillary 374 sq. ft (34.74 sq.m)
Totals 5,676 sq. ft (527.48 sq.m) £78,000

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.


Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.


All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.


When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Register to bid for our next auction