Victoria Road


Sold STC

Mablethorpe, Lincolnshire


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

Tenure: Freehold

Location -

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)

With radiator

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 -

With radiator

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)

with radiator

Bedroom 2 - 8' 5'' x 12' 4'' (2.58m x 3.78m)

with radiator

Bathroom - 10' 4'' x 6' 9'' (3.17m x 2.07m)

cupboard with radiator

Landing -

with cupboard approx. 1m x 2m

Bedroom 3 - 9' 1'' x 9' 10'' (2.79m x 3.00m)

with radiator

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

with radiator

Front - 25' 10'' x 13' 0'' (7.88m x 3.97m)

31.26 M²

Office - 4' 11'' x 6' 9'' (1.51m x 2.06m)

3.11 M²

Middle Section - 13' 3'' x 10' 9'' (4.05m x 3.29m)

13.3 M²

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)

possible shop unit

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.

Viewing -

Strictly by appointment through the agent’s Louth office on tel: 01507 602264.

Measurements -

Measurements are approximate with the metric conversion shown in brackets, taken wall to wall unless otherwise indicated.

Disclaimer -

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.

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