The property is held by way of a leasehold interest from North Lincolnshire Council. The lease is for a term of 99 years from 1 January 1965. The ground rent is currently £5,250pa and this is due for review in January 2028. We are seeking offers in the region of £450,000 for our clients long leasehold interest in the property. Alternatively our clients will consider leasing the property. Any new lease will be granted on FRI terms at a rent of £50,000pa. The length of lease by negotiation. The property comprises a warehouse building of concrete portal frame construction under an asbestos sheet room and having a mixture of profile sheet, asbestos sheet and blockwork walls. There is a sliding metal door to the front elevation. In addition there is a workshop bay with roller shutter door and ancillary messrooms and stores. The premises also benefit from a small office block providing a mixture of individual and shared office spaces, kitchen and WCs and a first floor meeting / training room.