Starter unit development plan revealed for recently acquired site
DEAL DONE: Clark Weightman director Carl Bradley and Banks Long & Co surveyor Francesca Soady outside the site.
By Grimsby Telegraph | Posted: 27 Sep 2017
NEW small business starter units could be created at the site of a former Grimsby industrial depot.
Abacus (Lincolnshire) Ltd has bought the premises on South Humberside Industrial Estate in an undisclosed deal, and is eyeing up development potential at the Grimsby gateway site.
Located on Estate Road Five, the detached unit features mezzanine floor, trade counter and offices, with forecourt parking and a rear yard for the loading and storage of goods.
Clark Weightman director Carl Bradley acted on behalf of Abacus, a small privately-owned property company with other business interests in the Grimsby area.
“In the short term, The Estate Road Five property will probably be used by my client’s business, but the medium-to-long term view is that we will be looking to develop small industrial starter units within the yard area and carry out some minor cosmetic refurbishments to the existing building, prior to it being offered to let.
“The property is well-located for ease of access to the wider industrial estate and the A180 motorway link road. There is also a shortage of good quality freehold industrial property within Grimsby at the present time and the new owners recognised this as a good opportunity to add to their portfolio.”
Mr Bradley added that architects have been asked to prepare a draft scheme for reviewing, before any final decisions are made and a planning application is submitted to North East Lincolnshire Council.
Lincoln-based Banks Long & Co sold the building for a private client. Both firms are members of PAI, a UK network of independent chartered surveyors and commercial property consultants.
Banks Long & Co surveyor Francesca Soady said: “The new owners clearly appreciate the flexibility it offers. It has been particularly good to work with a fellow PAI network member on this deal.”