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58-60 St. Peters Av
1,354 SF Office Condo Unit Offered at $208,858 in Cleethorpes DN35 8HP
Investment Highlights
- Prime location
- Car parking
- Great transport links
Executive Summary
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.
Property Facts
| Price | $208,858 | Sale Type | Investment |
| Unit Size | 1,354 SF | Building Class | C |
| No. Units | 1 | Floors | 2 |
| Total Building Size | 1,961 SF | Typical Floor Size | 1,961 SF |
| Property Type | Retail (Condo) | Year Built | 1900 |
| Property Subtype | Storefront | Lot Size | 0.10 AC |
| Price | $208,858 |
| Unit Size | 1,354 SF |
| No. Units | 1 |
| Total Building Size | 1,961 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 1,961 SF |
| Year Built | 1900 |
| Lot Size | 0.10 AC |
1 Unit Available
Unit 58
| Unit Size | 1,354 SF | Sale Type | Investment |
| Price | $208,858 | Tenure | Freehold |
| Price Per SF | $154.25 | Cap Rate | 8.27% |
| Condo Use | Office | NOI | $17,278.26 |
| Unit Size | 1,354 SF |
| Price | $208,858 |
| Price Per SF | $154.25 |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 8.27% |
| NOI | $17,278.26 |
Description
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.
Sale Notes
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.
-
Lawrence Brown -
Scotts Property LLP
Learn More About Investing in Retail Properties
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58-60 St. Peters Av
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