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See how verdicts workHouse · DN32 0RA
Listing removedListed 60 daysAuction 19 Oct · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*ONLINE Unconditional Auction Opening 21 September 2026* To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire Situation The property is situate on Wellowgate, in central Grimsby within 5 minutes walk to Freshney Place Shopping Centre.
The train station and a further wide range of facilities and amenities are also within close proximity. Grimsby itself offers excellent access to the surrounding area and M180 road network.
Description A well proportioned and appointed commercial unit available for sale by auction.
The unit has an electric shutter covering the front and offers a spacious main sales area that can be suitable for a range of business requirements, a further single room, along with a kitchen area and toilet all to the rear.
Potential income of circa £12,000 per annum.
Accommodation Shop Floor: 30' 1'' x 20' 3'' (9.16m x 6.17m) Kitchen: 7' 2'' x 5' 10'' (2.18m x 1.79m) WC: 5' 10'' x 4' 11'' (1.79m x 1.50m) Utility Room: 8' 2'' x 5' 10'' (2.48m x 1.79m) Agent Note Please note that VAT is chargeable on the purchase price of this property Material Information Tenure: The property is leasehold.
All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
Council Tax: The property falls within North East Lincolnshire Council Viewing: Strictly by appointment with Auction House.
Services: Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities.
NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order.
The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract.
Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only.
Prospective purchasers are advised to make their own enquiries of the appropriate Authority. Information relating to Phone & Broadband can be found by visiting Ofcom.
All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Any potential rental incomes are approximate based on Rightmove data at the time of preparing the details and bidders are advised to check with a local agent for an accurate valuation.
Tenure: Leasehold Lease Details: 125 years from 1 March 1993 EPC Rating: C Administration Fee: £1440 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1440 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 26a Wellowgate, Grimsby DN32 0RA
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