New small business starter units could be created at the site of a former North East Lincolnshire industrial depot. Lincoln-based Banks Long & Co and Clark Weightman, from Hull – both members of PAI, a UK network of independent chartered surveyors and commercial property consultants – have revealed how they have worked together to maximise the potential of the Estate Road 5 property in Grimsby.
Banks Long & Co surveyor Francesca Soady sold the former depot premises, which comprise a detached unit with mezzanine floor, trade counter and offices, on behalf of an unnamed client. The site also features a forecourt for parking and a rear yard for the loading and storage of goods.
“We sold this property to Abacus (Lincolnshire) Ltd and 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,” said Ms Soady.
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 5 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 the local council.
