The property comprises mid-terrace, single storey retail premises, which have the potential to provide entirely open-plan retail accommodation, but currently houses a large ancillary area, which is currently used as a private studio.  The property additionally benefits from separately accessed, but private, staff WC facilities to the rear.  Located to the rear of the property is a publicly accessed car park, in which the Tenant will be permitted to park a single specified vehicle as part of this agreement.

Nearby occupiers include KFC, William Hill and Ladbrokes, in addition to a large number of local retailers, licenced premises, restaurants and service providers.

Flexible retail premises with full-width display windows

Accommodation extending to approximately 36.4 sq m (393 sq ft) overall

Benefitting from planning consent for use as a tattoo studio

Parking for 1 vehicle in car park to the rear

Benefitting from high levels of passing traffic

Cleethorpes is a popular town and tourist resort forming part of a larger Grimsby and Cleethorpes conurbation. The property is positioned within the primary leisure strip in Cleethorpes town centre, in close proximity to the Seafront, train station and Market Square.  St Peters Avenue, considered to be the primary retail pitch in the town, adjoins High Street to the west, with Alexandra Road/Sea Road providing a direct thoroughfare to the North and Central Promenades to the east.

In more detail the accommodation comprises

Retail (inc. Porch)              21.8 sq m            (     235 sq ft)

Ancillary                           14.6 sq m            (     158 sq ft)

The premises are offered To Let for a term of years expiring on the 31 December 2023, with annual break options on the 1 January each year and a rent review on the 1 January 2022, on an effective full repairing and insuring basis (tenant remains responsible for windows, doors and their frames) at a rent of £5,200 (plus VAT) per annum.  The property is subject to a Service Charge, currently reflecting approximately £50 (plus VAT) per calendar month, which covers external repairs, site management and maintenance of communal areas.

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 £4,200 (Source: VOA website), although the premises will require reassessment should a change of use take place.  The new occupier may be eligible for an element of Small Business Rates Relief but should make contact with North East Lincolnshire Council for confirmation.

LEGAL COSTS

The ingoing Tenant will be responsible for all parties reasonable legal fees incurred in this transaction, together with any Stamp Duty Land Tax that may be payable.

ENERGY PERFORMANCE RATING:  E (124)

FURTHER INFORMATION AND TO VIEW

Contact:  Andrew Parker andrew@scotts-property.co.uk 07525 813963 or Lawrence Brown lawrence@scotts-property.co.uk  07710 312712