Secure Retail Park Investment
High Point Retail Park, Grimsby
33,070 sq ft
Description
The property comprises a purpose built retail warehouse park constructed in 1997. The park extends to approximately 33,070 sq ft across 3 units arranged as an ‘L’ shaped terrace. The units are of steel portal frame construction with brick external walls under a roof of plastic coated profile metal sheeting.
Curry’s (20,524 sq ft) occupy the unit on the southern boundary of the site adjacent to Victoria Street North, Wren (7,500 sq ft) will occupy the middle unit upon completion of the landlord works and Dreams (5,046 sq ft) occupy the unit on the northern end of the terrace. The landlord is currently modernising and updating the totem signage.
Internally, the units occupied by Currys and Dreams are fitted out to the individual tenants’ latest corporate specification. All 3 units have an eaves height of circa 5.5 metres. The park is accessed via a T junction off the A16 (Victoria Street North). The car park is tarmacadam surfaced and provides approximately 141 parking spaces, giving a good parking ratio of 1:234 sq ft.There are an additional 8 staff parking spaces to the rear of Currys. A dedicated service yard is to the rear of the units.
Curry’s (20,524 sq ft) occupy the unit on the southern boundary of the site adjacent to Victoria Street North, Wren (7,500 sq ft) will occupy the middle unit upon completion of the landlord works and Dreams (5,046 sq ft) occupy the unit on the northern end of the terrace. The landlord is currently modernising and updating the totem signage.
Internally, the units occupied by Currys and Dreams are fitted out to the individual tenants’ latest corporate specification. All 3 units have an eaves height of circa 5.5 metres. The park is accessed via a T junction off the A16 (Victoria Street North). The car park is tarmacadam surfaced and provides approximately 141 parking spaces, giving a good parking ratio of 1:234 sq ft.There are an additional 8 staff parking spaces to the rear of Currys. A dedicated service yard is to the rear of the units.
BUILDING HIGHLIGHTS
Well established retail park in the prime pitch totalling 33,070 sq ft
Fully Let to Market Leading Retailers, Currys, Wrem & Dreams
Wren have signed agreement for lease
Total gross current rent of £395,027 pa
Opportunity to install EV car charging points
Class E open A1 (non food) planning consent
Attractive WAULT of 7.3 years (4.9 years including breaks)
Offers in excess of £4,460,000 (Four Million, Found Hundred and Sixty Thousand pounds)
