19 Market Street, Cleethorpes

£285,000
For Sale
1/20
£285,000
For Sale
William Downing
BSc (Hons) MRICS FNAEA MIoD MARLA FNAEA (Comm)
Director
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Property summary

Mixed Commercial & Residential
Investment Property
Ground Floor Shop
3 x 1 bed flat/bedsits on the 1st & 2nd floors
All the flats have AST agreements
The shop has a commercial lease in place
Town centre location
Total gross rent is £19,479.92 pax

Get in touch

William Downing
BSc (Hons) MRICS FNAEA MIoD MARLA FNAEA (Comm)
Director

More about the property

The property comprises a mixed use commercial retail shop with 3 first and second floor 1 bedroom flats above. The property is fully let. The property is situated in the main town centre and close to the sea front.

Cleethorpes is a seaside town on the estuary of the Humber in North East Lincolnshire with a population of nearly 40,000 in 2011. It has been permanently occupied since the 6th century, with fishing as its original industry, then developing into a resort in the 19th century.

The town lies on the Greenwich meridian and its average annual rainfall is amongst the lowest in the British Isles.

In 2021 The Trainline named Cleethorpes beach the second best in the UK.

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Accommodation

ACCOMMODATION
Ground Floor Shop - 61 sqm
Flat 1 - 27 sqm
Flat 2 - 37 sqm
Flat 3 - 35 sqm
SERVICES
All mains services are connected to the property.
TENURE
The property is to be sold freehold subject to the existing commercial lease and ASTs to the flats. Copies of the shop lease and the flat ASTs can be made available from the agents on request.
LEASE AND TENANCY DETAILS
Ground Floor Shop - Let to Mrs E Smith as a hairdressers. The lease is held on a 5 year lease at a rent of £7,596 pax

Flat 1 is let on an AST at £3,720 pax
Flat 2 is let on an AST at £4,004 pax
Flat 3 is let on an AST at £4,159.92 pax
Total gross rent is £19,479.92 pax
CERTIFICATES FOR SERVICES
The shop has a completed EICR certificate dated March 2021 and an approved gas check certificate dated March 2021
Flat 1 - has an EICR certificate
Flat 2 - has an EICR certificate
Flat 3 - has an EICR certificate
EPCs
The shop - Rating D
Flat 1 - Rating D
Flat 2 - Rating C
Flat 3 - Rating D
LEGAL FEES
Each party to be responsible for their own legal fees
VAT
The sale is exclusive of VAT if applicable
LOCAL AUTHORITY
North East Lincolnshire Council
Moss Rd, Grimsby, DN32 0LT, Tel: 01472 325232
VIEWING
Contact Pygott & Crone Commercial
21 The Forum, North Hykeham, Lincoln, Tel: 01522 536777
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