Studio flat for sale

Situated on the highly popular St Peter’s Avenue in Cleethorpes, this mixed-use property represents an excellent opportunity for investors or owner-occupiers alike. The property occupies a High Street position in one of Cleethorpes’ most sought-after trading locations, benefitting from good levels of passing footfall and traffic.

The ground floor comprises a retail unit with a frontage onto St Peter’s Avenue. It has recently become vacant but was previously let to a long-standing tenant, offering scope for immediate occupation by a purchaser seeking their own premises or for re-letting to secure a new commercial income stream.

Above the retail space is a self-contained, one-bedroom flat accessed independently. The flat is currently let on an Assured Shorthold Tenancy generating an income of £420 per calendar month (£5,040 per annum), providing a ready-made income stream from the point of purchase.

This property combines the flexibility of vacant commercial accommodation with the security of ongoing residential rental income, making it an ideal investment proposition. It would equally suit a purchaser wishing to establish their own business on Cleethorpes’ busiest retail street while benefitting from the additional income generated by the first-floor flat.

Early viewing is highly recommended to appreciate the location, potential, and versatility of this mixed-use opportunity. For further information or to arrange a viewing, please contact Jackson Green & Preston.