43 St Peters Avenue Cleethorpes Lincolnshire DN35 8JQ

  • 43 St Peters Avenue<br>Cleethorpes<br>Lincolnshire<br>DN35 8JQ

43 St Peters Avenue
Cleethorpes
Lincolnshire
DN35 8JQ

Freehold Retail Investment on a new 3 year lease (1)

  • Prominent Town Centre Location
  • New 3 year lease
  • Stepped Rental Increases - Year 2 - £12,000 & Year 3 - £15,000 (1)
  • Nearby occupiers include Greggs, Cooplands, Boots, Sainsburys Local, Nationwide and Costa Coffee.
  • VAT-free investment
  • Lot
    54
  • Auction
    16th June 2021
  • Rent
    £10,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £129,000
  • Auction Venue
    Live Streamed Auction
  • On Instructions of a Major Property Company
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Freehold Retail Investment on a new 3 year lease (1)

  • Prominent Town Centre Location
  • New 3 year lease
  • Stepped Rental Increases - Year 2 - £12,000 & Year 3 - £15,000 (1)
  • Nearby occupiers include Greggs, Cooplands, Boots, Sainsburys Local, Nationwide and Costa Coffee.
  • VAT-free investment
  • Lot 54
  • Auction 16th June 2021
  • Rent £10,000 per Annum Exclusive
  • Status Sold
  • Price £129,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Instructions of a Major Property Company

Property Information

Location
Miles
2 miles south-east of Grimsby
16 miles south-east of Hull
22 miles east of Scunthorpe
32 miles north-east of Lincoln
Roads
M181, A46, A16
Rail
Cleethorpes Rail
Air
Humberside Airport, Robin Hood Doncaster Sheffield Airport
Situation

Cleethorpes is a seaside resort on the Humber estuary located 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 including Greggs, Cooplands, Boots, Sainsburys Local, Nationwide and Costa Coffee.

Tenure

Freehold.

Location
Miles
2 miles south-east of Grimsby
16 miles south-east of Hull
22 miles east of Scunthorpe
32 miles north-east of Lincoln
Roads
M181, A46, A16
Rail
Cleethorpes Rail
Air
Humberside Airport, Robin Hood Doncaster Sheffield Airport
Situation

Cleethorpes is a seaside resort on the Humber estuary located 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 including Greggs, Cooplands, Boots, Sainsburys Local, Nationwide and Costa Coffee.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation above.

VAT

VAT is not applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.nelincs.gov.uk

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Description

The property comprises a ground floor shop with ancillary accommodation above.

VAT

VAT is not applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.nelincs.gov.uk

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)		 Tenant Term Rent p.a.x Review/
(Reversion)
Ground
First		 Retail
Ancillary
75.88 sq m
45.13 sq m
(816 sq ft)
(485 sq ft)
 E Liquid Stores
Limited
t/a eco Vape (2)		 3 years from
30/03/2021		 £10,000 (3) Year 1
£10,000 pa
Year 2
£12,000 pa
Year 3
£15,000 pa (1)
(29/03/2024)
Total
121.01 sq m
(1,301 sq ft)
     £10,000  

(1) Mutual option to determine on 30th March 2023, upon 3 months notice
(2) Operate from 24 shops (source: www.eco-vape.co.uk)
(3) Rent Deposit held of £5,000

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Seller's Solicitors
Addleshaw Goddard LLP One St Peter's Square, 27 Quay Street
Manchester
M2 3DE
Rhiannon Brown 0161 934 6490rhiannon.brown@addleshawgoddard.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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