Property photos
Auction
Guide price
£100,000
Retail premises for sale
40 St. Peters Avenue, Cleethorpes, South Humberside DN35Local area information
Property location
Nearby amenities
- St Peter's CofE Primary School 0.1 miles
- Cleethorpes 0.2 miles
- Reynolds Primary Academy 0.4 miles
- New Clee 1.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Cleethorpes to find out more about the local area.
Features and description
For sale by online auction on Tuesday, 06 May 2025 ending at 13:36
*online Unconditional Auction Opening 5th May 2025*
To register for the legal pack and bidding, please visit our website:
*online Unconditional Auction Opening 5th May 2025*
To register for the legal pack and bidding, please visit our website:
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 no
EPC Rating: D
Additional Fees
Buyers Premium: Non-refundable £1,440 inc VAT payable on the fall of the virtual gavel.
Administration Charge - Non-refundable £1,440 inc VAT payable on the fall of the virtual gavel.
Disbursments - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
*online Unconditional Auction Opening 5th May 2025*
To register for the legal pack and bidding, please visit our website:
*online Unconditional Auction Opening 5th May 2025*
To register for the legal pack and bidding, please visit our website:
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 no
EPC Rating: D
Additional Fees
Buyers Premium: Non-refundable £1,440 inc VAT payable on the fall of the virtual gavel.
Administration Charge - Non-refundable £1,440 inc VAT payable on the fall of the virtual gavel.
Disbursments - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
More information
Listed by
Auction House Lincolnshire, North Notts & South Yorks
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Property descriptions and related information displayed on this page are marketing materials provided by - Auction House Lincolnshire, North Notts & South Yorks. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Auction House Lincolnshire, North Notts & South Yorks for full details and further information.