Town centre repositioning opportunity

This property is marketed by:
Colliers

Key features

• Situated in a mixed commercial and retailing area in Grimsby Town Centre.
• Total of 69,501 sq ft NIA on a 1.17-acre site.
• Vacant Freehold (part leasehold).
• On behalf of Joint Receivers.

Description

Landmark town centre repositioning opportunity with prior approval for the conversion of Imperial House to 24 residential flats and scope for a variety of other uses (STP).

Situated in a mixed commercial and retailing area in Grimsby Town Centre.

Riverhead comprise a terrace of modern retail/leisure units built in the early 2000s, extending to approximately 42,981 sq ft.

Imperial House dates from the 1970s and provides 26,520 sq ft of self-contained open plan office space.

Total of 69,501 sq ft NIA on a 1.17-acre site.

Vacant Freehold (part leasehold).

Unconditional Offers Invited, subject to contract and exclusive of VAT.

On behalf of Joint Receivers.

Location

Grimsby is located on the northeast coast of England in the county of Lincolnshire and is home to around 86,000 people (2021 Census). 

The town is circa 34 miles southeast of Hull, 38 miles northeast of Lincoln and 80 miles southeast of Leeds. Imperial House & Riverhead is centrally located and benefits from the town’s various amenities and transport systems. The town is accessed via the A180 from the west, which links to the national motorway network via the M180, and the A16 and A46 from the south, connecting it with Lincoln, Boston and other nearby towns. Grimsby train station provides links to Liverpool Lime Street via Manchester Piccadilly, Leicester, Nottingham, Sheffield and Cleethorpes via the Northern, TransPennine and East Midlands Railway services.

Humberside Airport (14 miles west) provides daily flights to Aberdeen and Amsterdam, with East Midlands Airport (84 miles southwest) providing further international connectivity. Grimsby is also an established Port Town, with the River Freshney running through the town centre from Grimsby Docks.

Situation

The property sits within a mixed retail and commercial area overlooking Riverhead Square, Frederick Ward Way and Victoria Street within the town centre. 

Freshney Place Shopping Centre is situated opposite the property and is home to an extensive lineup of local and national retailers. Other nearby occupiers include multiple supermarkets such as Tesco, Asda and Sainsbury’s.

The property benefits from Grimsby Town’s strong public transport infrastructure, as it sits a mere 7-minute walk from Grimsby Town train station and adjacent the main town centre bus terminal. Additionally, the property benefits from the Local Authority’s ongoing development and revitalisation efforts aimed at boosting the town’s economic activity and community engagement. 

A commercial premises situated in amongst such levels of development represents an exciting opportunity to benefit from and contribute to this activity, boosting occupier demand and helping to create a vibrant mixed use environment.