Freehold Retail Investment
Freehold Retail Investment
The coastal resort town of Cleethorpes is located at the mouth of the River Humber, approximately 2 miles south-east of Grimsby town centre, 22 miles east of Scunthorpe and 32 miles north-east of Lincoln. The property is centrally located to the west side of St Peters Avenue in Cleethorpes town centre.Nearby occupiers include Santander, Boots the Chemist, Wilkinson, Lloyds TSB, Clarks and Greggs.
Freehold.
The coastal resort town of Cleethorpes is located at the mouth of the River Humber, approximately 2 miles south-east of Grimsby town centre, 22 miles east of Scunthorpe and 32 miles north-east of Lincoln. The property is centrally located to the west side of St Peters Avenue in Cleethorpes town centre.Nearby occupiers include Santander, Boots the Chemist, Wilkinson, Lloyds TSB, Clarks and Greggs.
Freehold.
The property comprises retail accommodation on the ground floor with ancillary accommodation on the first floor.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises retail accommodation on the ground floor with ancillary accommodation on the first floor.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | (Reversion) | |
|---|---|---|---|---|---|---|---|
| Ground |
Retail |
216.56 sq m |
(2,331 sq ft) |
Let to Rayglow (Drug Stores) Limited (t/a SUPERDRUG STORES PLC), (with surety from Lloyds Chemist plc) (2) |
25 years from 25/03/1989 | £50,200 | (24/03/2014) |
| First |
Ancillary | 248.76 sq m |
(2,678 sq ft) |
||||
| Totals | 465.32 sq m |
(5,009 sq ft) |
£50,200 | ||||
(1) Superdrug Stores plc is the United Kingdom's second largest beauty and health retailer currently operating over 900 stores in England, Scotland, Wales, Northern Ireland and the Republic of Ireland. They currently have 226 in-store pharmacies. Source: http://www.superdrug.com/about-us/superdrug-today/page/superdrugtoday/ 10/06/2011)
(2) Superdrug Stores plc have been paying the rent regularly since March 2005
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