Lot 14: 38 & 38A Alexandra Road, Cleethorpes, DN35 8LE

£ 475,000

For sale in our 9th February auction, online or in person at our Newark office at 5pm

Freehold Lock up Restaurant (Class E use) with Five self-contained flats above (Shop Vacant, Flats let) – Part Vacant Investment

Total rent reserved £25,083.96 per annum together with vacant possession of the ground floor restaurant

For sale by Auction – Terms & Conditions Apply, Enquire for more details.
Considering offers prior to auction.

Accommodation / Tenancies (approximate dimensions)
38A: Ground – Restaurant area 95.9 sq.m (1,032 sq.ft) – Vacant
Flat 1 – 38: First Floor – Two rooms, kitchen, bathroom – Rent per month: £368.33
Flat 2 – 38: First Floor – Two rooms, kitchen, bathroom – Rent per month: £477.00
Flat 3 – 38: First Floor – Two rooms, kitchen, bathroom – Rent per month: £425.00
Flat 4 – 38: Second Floor – Two rooms, kitchen, bathroom – Rent per month: £425.00
Flat 5 – 38: Third Floor – Two rooms, kitchen, bathroom – Rent per month: £395.00

Location
Cleethorpes is a coastal town east of Grimsby and located at the mouth of the River Humber which has ferry routes to Bruges, Belgium and Rotterdam, Netherlands. The property is situated within a retail parade fronting on to Cleethorpes Pier Gardens. Cleethorpes Pier and the sea front are both within close proximity. Other occupiers close by include a number of restaurants and bars along with other local traders. Future trade maybe gained from passing pedestrians going to and from Cleethorpes railway station.
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Note
We are advised that there is a pre-app permitted development letter available from North East Lincolnshire Planning – www.nelincs.gov.uk within the legal pack giving potential (subject to formal application for a Certificate of Lawful use for re-development of the restaurant into Children’s nursery, therefore potentially increasing the overall total rent to be in excess of £50,000 per annum. Prospective purchasers

Basic Facts

Date added: 12/01/23 Post Updated: 2023-01-18 11:09:05 Type: Status:

Features

Busy location with lots of foot traffic
Close to the beach
Five self-contained flats above commercial unit
Freehold
Mixed commercial and residential
Part vacant investment
Restaurant ( class E use) with vacant possession
Total rent £25.083.96 per annum all together

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