A fairly straightforward puzzle - very easy if you are the right sort of geek! The cache is not at the published coordinates. You should look for it instead at...
N (Western) (Peak; Brush not Crompton). (Snowdon) (D2000)
W (000) (Bodysnatcher) . (Snowdon) (AL3)
This cache is a child of the late lamented Cache Machine Nottingham Branch - thanks to richt2000
Grimston was a railway station serving Saxelbye village in the English county of Leicestershire. It was opened on the Midland Railway route between London and Nottingham via Corby.The station was formerly named Saxelbye, the name was changed after only 3 months to avoid confusion with Saxby, a few miles east of Melton Mowbray, on the Midland's other line between Leicester and Peterborough. The village of Grimston lies about one mile to the north west of the former Grimston station. The line still exists today as the Old Dalby Test Track.
You can check your answers for this puzzle on GeoChecker.com.