Lot 14: 38 & 38A Alexandra Road, Cleethorpes, DN35 8LE
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
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.
What3Words – sector.spider.keys
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