A Detached Commercial Building and Secure Yard Currently Used as a Workshop Subject to a Lease Producing £4,200 Per Annum

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

Energy rating

Auction House UK hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.

How it compares

History

• First listed on Cornerlot 15 Oct 2026.

Auction House UK's record

About the lot

Freehold industrial lot in Grimsby. Producing £4,200 a year, a 14.5% gross yield at the guide.

Lot -, Workshop & Retail space. A Detached Commercial Building and Secure Yard Currently Used as a Workshop Subject to a Lease Producing £4,200 Per Annum: The property comprises a detached commercial building currently used as a ground floor workshop with first floor ancillary space. Tenure: Freehold. Location: The property is situated on a mixed use road close to local shops and amenities. The open spaces of Grant Thorold Park are within easy reach. Transport links are provided by Grimsby Town rail station. Accommodation: Ground Floor Workshop Area Approximately 283 sq ft First Floor Ancillary Space Approximately 195 sq ft. Exterior: The property benefits from a front yard measuring approximately 668 sq ft. Tenancy: The property is subject to an FRI lease for a term of 5 years expiring on 6th August 2028 at a rent of £4,200 per annum (plus VAT if requested). Services: Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.