Grimsby Seafood Village, Wickham Road, GRIMSBY, South Humberside, DN31 3SX
12th September 2024
starts 09:15 AM at Grand Connaught Rooms
starts 09:15 AM at Grand Connaught Rooms
available for
Tenure: Leasehold. Lease Information awaited. Please check the Legal Pack for further details.
!
The negotiator dealing with this Lot is Callum Glenn and he can be contacted by email: callum.glenn@barnardmarcus.co.uk
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.
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.
Council Tax Band: Please contact Auction centre
Leasehold Information:
Leasehold Information:
- Number of years left on lease: 111 years (as of Auction date)
- Annual service charge: Please contact Auction centre
- Annual ground rent: Please contact Auction centre
- Annual ground rent review period: Please contact Auction centre
- Ground rent increase: Please contact Auction centre
Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.
lot infomation last updated: 16th September 2024 at 08:53 AM
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