Mixed use investment property Current income potential £19,900 p.a. I x 2 bedroomed flat, with potential to extend to make 3rd bedroom, 1 x 5 bedroomed flat, long-established double shop and lock-up unit/garage EPC Ratings: Flat 1 – C Flat 2 – D Shop – E
The property is situated on Victoria Road, which is the main A52 coast road in the town of Mablethorpe. The property has a return frontage to King Street. The property is approximately ½ mile from the town centre. There is unregulated on-street parking outside and in King Street.
Mablethorpe is a town with a population of 6,000, situated on the Lincolnshire coast with a good level of local amenities. The population is considerably increased in the summer months by the influx of holidaymakers to the area. It is located approximately 19 miles north of Skegness and 32 miles south of Cleethorpes. The town has beautiful sandy beaches, a range of shops and amenities, primary and secondary schools and a health centre. The market towns of Spilsby and Louth are just a short drive away and the larger towns of Boston, Grimsby and the city of Lincoln are all accessible and approximately 1 hour by road.
Flat 1 -
This ground floor flat is internally insulated, fire-boarded throughout and fully double glazed.
Central Lounge - 13' 6'' x 12' 2'' (4.13m x 3.73m)
Bedroom 2 - 11' 6'' x 5' 11'' (3.51m x 1.81m)
(max measurement) with radiator
Bedroom 1 - 9' 11'' x 12' 5'' (3.04m x 3.79m)
(max measurement) plus bay window 2.08m x 0.94m, with radiator
Utility Area -
Ideal for washing machine
Kitchen - 8' 10'' x 8' 4'' (2.69m x 2.55m)
with stainless sink and drainer set in base unit, further base and wall units, cooker, cooker hood, small fridge and radiator
Rear Lobby -
With boiler cupboard containing Worcester combination boiler, with radiator.
Bathroom - 5' 9'' x 8' 8'' (1.76m x 2.66m)
with panelled bath, pedestal hand basin, low flush WC and fully tiled, extractor fan and radiator.
Flat 2 -
Fully double glazed and fitted with new radiators and 2 way intercom
Entrance Lobby -
With centrally operated fire alarm system for all 3 units, electric meters for both flats and stair case to:
Central Hall -
Lounge - 15' 6'' x 13' 3'' (4.75m x 4.06m)
with 2 radiators, telephone points and intercom.
Kitchen/diner - 19' 3'' x 12' 11'' (5.88m x 3.94m)
with Worcester combination gas central heating boiler, cooker, cooker hood and radiator.
Bedroom 1 - 10' 3'' x 13' 3'' (3.14m x 4.05m)
Bedroom 2 - 8' 5'' x 12' 4'' (2.58m x 3.78m)
Bathroom - 10' 4'' x 6' 9'' (3.17m x 2.07m)
with cupboard approx. 1m x 2m
Bedroom 3 - 9' 1'' x 9' 10'' (2.79m x 3.00m)
Bedroom 4 - 12' 10'' x 12' 1'' (3.93m x 3.70m)
with eaves cupboard and radiator
Bedroom 5 - 15' 5'' x 7' 10'' (4.71m x 2.40m) min measurement
Front - 25' 10'' x 13' 0'' (7.88m x 3.97m)
Office - 4' 11'' x 6' 9'' (1.51m x 2.06m)
Middle Section - 13' 3'' x 10' 9'' (4.05m x 3.29m)
Rear Shop Unit - 16' 2'' x 19' 6'' (4.93m x 5.95m)
29.34 m², with fire door to King Street
Private Central Yard - 0' 0'' x 8' 5'' (0m x 2.57m)
Concreted and fully enclosed
Store - 8' 7'' x 17' 10'' (2.62m x 5.43m)
(possible 3rd bedroom for ground floor flat)
Lock Up/garage - 8' 6'' x 24' 3'' (2.58m x 7.38m)
Agent's Note -
The property is generally clean and tidy, although some minor maintenance is required. The property, however, offers an excellent opportunity to obtain a sensible return on a realistically priced investment.
Lease/tenancy Agreements -
The ground floor shop unit and the lock-up store/garage is currently let on a 5-year lease from 1st August 2018. Further information regarding the rents and tenancy information is available, but only after a viewing has taken place.
Strictly by appointment through the agent’s Louth office on tel: 01507 602264.
Measurements are approximate with the metric conversion shown in brackets, taken wall to wall unless otherwise indicated.
Notice is hereby given that these particulars are set out for the guidance of proposed purchasers and, although due care is taken in their preparation and they are believed to be correct, proposed purchasers must not rely on them as statements of fact and must satisfy themselves by inspection or otherwise as to their correctness. These particulars are issued on the understanding that all negotiations are carried out through the agents Turner Evans Stevens but they do not constitute an offer or contract. Any price quoted in these particulars is subject to contract. No person employed by Turner Evans Stevens Limited has any authority to make or give any representation or warranty whatsoever in relation to this property.