Summary - 94, ST PETERS AVENUE DN35 8HU
1 bed 1 bath Mixed Use
High-street premises with instant residential income and vacant retail potential.
One-bedroom flat let on AST at £440pcm (£5,280pa)
Set on the busy St Peter’s Avenue in Cleethorpes, this mixed-use mid-terrace offers immediate rental income and vacant retail scope. The self-contained one-bedroom flat above is let on an AST at £440pcm (£5,280pa), providing a stable income from day one. The ground-floor retail unit has recently become vacant and is ready for re-let or owner-occupation, benefitting from strong passing footfall and prominent display glazing.
The building is compact with a small footprint and no rear garden, suiting buyers seeking a town-centre retail presence with ancillary accommodation. Constructed circa 1900–1929 with solid brick walls and double glazing of unknown age, the property uses electric storage heaters and mains electricity. These factors suggest straightforward maintenance but also potential improvements—insulation, heating upgrade and internal refurbishment could increase rental value and appeal.
This is a practical purchase for investors targeting immediate yield or for a business owner wanting premises on a busy high street while retaining rental income above. Note the local area is classified as very deprived and crime is average; this may affect tenant profiles and long-term capital growth. Early inspection is recommended to assess the retail fit-out and any refurbishment scope prior to offer.
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