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Contact Sales Team

Sales Team

Posting for 2+ years

0163655XXXX

Restaurant and 5 Flats, 38 & 38A, Alexandra Road Cleethorpes, Lincolnshire, DN35 8LE

Cleethorpes, Lincolnshire

£530,000.00

Sales Team

Posting for 2+ years

See all ads

Contact Sales Team

0163655XXXX

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Posted
27 days ago
Seller Type
Agency
Property Type
Other
Number Of Bedrooms
5

Description

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

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.
What3Words – sector.spider.keys

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

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

Note
We are advised that there is a pre-app permitted development letter available from North East Lincolnshire Planning 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 must rely on their own enquiries in this regard.

Tenure: Freehold
EPC - Restaurant – D - Flats 1,2,3 & 4 - C - Flat 5 - E

VAT
VAT is not applicable to this lot

Ad ID: 1442405751

VAT number: 368493743

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