40 St. Peters Avenue, Cleethorpes, Lincolnshire DN35 8HL
- PROPERTY TYPE
Shop
- SIZE
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Description
*ONLINE Unconditional Auction Opening 5th May 2025*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Situation:
The property is situate on St Peters Avenue, in the heart of Cleethorpes, being extremely well positioned for access to a wide range of facilities and amenities, including the sea front and promenade. Cleethorpes itself offers convenient access to the surrounding wider area, including Grimsby, along with further access to the M180 road network and prominent rail link.
Description:
A wonderful opportunity to acquire this significant and well positioned investment and development opportunity. Comprising a well appointed and let ground floor shop unit, with a lease generating £10,000 per annum to an established local business, along with strong development opportunity, having planning & prior approval for conversion to multiple residential units (up to 7 self contained). Significant scope to add substantial value to the site, but also generate an excellent yield – with rental income projected at circa £54,000 per annum for the site if configured at 7 residential units plus commercial interest.
Material Information Tenure:
The property is freehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
Council :
The property falls within North East Lincolnshire Council
Possession:
Subject to existing lease agreement.
Viewing:
Strictly by appointment with Auction House.
Services:
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. Information relating to Phone & Broadband can be found by visiting Ofcom. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Tenure: Freehold
EPC Rating: D
Administration Fee: £1440 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: 1.2% inc VAT of the purchase price, payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
40 St. Peters Avenue, Cleethorpes, Lincolnshire DN35 8HL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cleethorpes Station0.2 miles
- New Clee Station1.5 miles
- Grimsby Docks Station2.1 miles
Notes
Disclaimer - Property reference 202503181136sq_kcvi. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Lincolnshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Lincolnshire on 01427 800574.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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