48 St Peter’s Avenue | Scotts Property

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Large retail premises in town centre location

Sales area 336.0 sq m (3,616 sq ft)

Ground and first floor storage and self-contained 3-bedroom flat

Nearby occupiers include Boots, Costa, Lloyds Bank & Sainsbury’s

Guide Rent £55,000 p.a.

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St Peter’s Avenue is the main retailing area serving the town of Cleethorpes with national occupiers including Sainsbury’s, Lloyds Bank, Boots, Superdrug and Heron all located nearby, together with a number of regional and local operators. The street is served well by a large Pay & Display car park, together with a significant amount of free on-street parking.

Description

The property comprises a large building, substantially extended and converted to provide retail accommodation to the ground floor with ancillary storage. Further storage is available at first floor level with access provided by a goods lift. In addition, the property comprises a 3-bedroom self-contained flat independently accessed from the remainder of the property.

The premises are accessible from the rear via Elm Road, providing loading access.

Accommodation

Ground Floor Sales Area	336.0 sq m	(3,616 sq ft)
Loading Bay/Goods In Area	29.6 sq m	( 319 sq ft)
First Floor Stores	174.6 sq m	(1,878 sq ft)
Flat	93.0 sq m	(101 sq ft)
(comprising lounge/kitchen, 3 bedrooms, bathroom)

Terms

The premises are offered To Let for a minimum term of years to be agreed on a full repairing and insuring basis at a guide rent of £55,000 per annum.

Rateable Value

The new occupier will be responsible for the payment of Business Rates at the property. The premises are listed within the Rating List as ‘Shop & Premises’ with a Rateable Value of £45,500 (Source VOA website), although the premises will require reassessment should a change of use take place / the new occupier may be eligible for Small Business Rates Relief but should make contact with North East Lincolnshire Council for confirmation. The flat is listed as being within Council Tax Band A for the year 2021-2022 at £1,336.33 per annum.