Victoria Road

 

To Let £16,000

Mablethorpe, Lincolnshire


TO LET

  • Established business
  • New lease available
  • Excellent position
  • Mixed use area
  • £30,000 for F & F and goodwill
  • EPC Rating C

Tenure: Unknown


Location -

Mablethorpe is a town with a population of approx. 12,500, 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 school 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.

The property is situated on Victoria Road with frontage car parking, approximately 150 yards from the junction with the High Street. The property has mixed use development all round to include residential and commercial. The property has an established Cost-cutters convenience store business.

Accommodation -

The property is principally “L” shaped, being 5.87m internal frontage x 12.5m with the rear parcel being 10.43m x 11.8m. There is a partitioned wall to a storage area, 4.10m x 10.43m to include a disabled standard WC and staircase to mezzanine.

Mezzanine - 15' 1'' x 54' 2'' (4.6m x 16.5m)

with slight reduced head height, 75.5 m²/812 ft².

Lease -

The property is offered on flexible terms at an initial rent of £16,0000 p.a.

The Business -

The property is currently trading successfully, showing figures of £10,680 p.w. with significant potential to increase this level of turn-over. The property is well fitted out with the usual miscellany of gondolas, display cabinets, chillers etc, all of which is available by separate negotiation. The property is fully alarmed. Stock will be at valuation.

Vat -

All prices quoted above are excluding VAT.

Rateable Value -

From enquiries of the Valuation Office Agency website, we understand that the property is currently assessed in accordance with the 2017 revaluation as follows:-
Description:- Shop Premises
RV:- £14,500

Viewing -

Strictly by appointment with the agent’s Louth office on 01507 602264.

Accounts -

Accounts can be made available to prospective tenants with our client’s express permission following an initial viewing.

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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01507 602 264

survey@tes-property.co.uk

1 Queen Street, Louth, Lincolnshire LN11 9AU