Restaurant/bar premises
Popular tourist location
Approximately 475.7 sq m (5,119 sq ft) overall
Accommodation over 2 floors with additional basement
Rare opportunity to acquire premises in this area.
Cleethorpes is a popular residential town with good tourist offering which is utilised to maximise its economy. The town forms part of the larger Grimsby and Cleethorpes conurbation with a population of approximately 88,250. Access into the town is good being by the A180 and the A46 and A16.
The property is located at the confluence of Seaview Street and Cambridge Street which is considered to be an extremely strong niche retailing area, providing a different town centre offer to that contained along St Peter’s Avenue. Seaview Street is popular for boutique and independent retailers, café bar operators and was recently runner up in The Great British High Street Awards.
The property comprises two-storey restaurant/bar which occupies a corner plot within the popular Sea View Street retail area. The building was once home to the Queens Hotel but has since been reconfigured to provide two restaurants with kitchen, stores and WCs to the ground floor and a function room with a further kitchen and ancillary accommodation to the first floor. The property also benefits from a basement and a yard area which until recently has been utilised as a beer garden.
The ancillary accommodation on the first floor may be configured to provide a separately accessed one bedroom flat.
Nearby occupiers include Daniella Draper, Tillett’s, Counting House and numerous other niche independent retailers.
Ground floor sales area 159.6 sq m (1,718 sq ft)
Ground floor ancillary 43.0 sq m (462sq ft)
First floor sales area 140.1 sq m (1,507 sq ft)
First floor ancillary 52.3 sq m (563 sq ft)
Basement 80.8 sq m (869 sq ft)
The premises are offered Let for a minimum term of years to be agreed on a full repairing and insuring basis at a guide rent of £40,000 per annum.
The new occupier will be responsible for the payment of Business Rates at the property. The premises are listed within the Rating List as ‘Restaurant & Premises’ with a Rateable Value of £38,750 (Source VOA website), although the premises will require reassessment should a change of use take place.
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