Town centre location
c.125.9 sq. m (1,354 sq. ft) overall
Ground floor retail / office and first floor offices
New commercial lease until 19 Dec 2026
Car parking for 3 vehicles
Nearby occupiers include Co-Op Food Store & St Andrews Hospice
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 semi-detached former dwelling that has since been altered and reconfigured to provide retail/office accommodation to the ground floor with ancillary storage while further offices/storage and ancillary accommodation is available at first floor level.
To the rear, the property is accessible via Bowling Lane and also benefits from three car parking spaces.
The premises are currently let to a well-respected and long-established local estate agent who has been in occupation since 2005 and has just committed to a new lease expiring in December 2026.
Accommodation
Ground Office/retail | 57.0 sq m | 613 sq ft |
Ground Store | 14.5 sq m | 156 sq ft |
First Office | 8.0 sq m | 499 sq ft |
First Ancillary | 8.0 sq m | 86 sq ft |
Terms
The premises are offered For Sale at a guide price of £165,000, subject the reversionary lease detailed below:
Tenant | Lease Term | Expiring | Rent | Business Rates | EPC |
Joy Walker Estate Agents | 3 years | 19 Dec 2026 | £13,650 p.a. | £8,600 p.a. | E |
A sale of £165,000 reflects a net initial yield of 8% after making an allowance for purchasers’ costs.
Please note - the vendor of this property is a connected person under the provisions of the Estate Agents Act 1979
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