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
    16/Jun/2021
  • Rent
    £10,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £125,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Instructions of a Major Property Company
Important Update
  • 43 St Peters Avenue<br>Cleethorpes<br>Lincolnshire<br>DN35 8JQ
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    11.06.21
    File Size
    9 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    770 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
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

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