High Street

 

Sold STC

Mablethorpe, Lincolnshire


BUSINESS FOR SALE DUE TO RETIREMENT

  • Prime High Street location
  • New 7 year lease available
  • Long standing bag shop business
  • Excellent business opportunity
  • EPC Rating C

Tenure: Leasehold


Location -

Mablethorpe is a town with a population of 10,000, 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.

Unit 3 forms part of the Louth Hotel and is situated in a prime position with all year round trading opportunity, close to the traffic light junction between the High Street and Victoria Road (A52) within the town centre.

Shop Unit - 25' 10'' x 29' 8'' (7.87m x 9.05m)

PLUS

Stock Room - 12' 9'' x 11' 3'' (3.88m x 3.44m)

average measurements

Kitchen - 7' 3'' x 10' 4'' (2.20m x 3.15m)

With WC

The shop currently trades principally in bags and fancy goods to include watches and seaside requisites. The business has been trading for 9 years and accounts are available only to parties who have viewed the property and with our client’s consent.

The Lease -

Our client is currently holding over on the lease, however, the landlord has made it clear that a new 7 year lease is available to suitable parties. The current rent is £680 pcm, which is £8,160 p.a.

The landlord pays for the structural insurance to the property and the tenant is responsible for the windows, window frames, doors and door frames.

Rateable Value -

Enquiry of the Valuation Office Agency web site indicates the property to have a rateable value of £8,100.

Legal Fees -

The ingoing tenant is to be responsible for our client’s and the landlord’s reasonable legal fees incurred in connection with the new letting.

Agents Note -

This offers and ideal opportunity for an individual to take over a small and profitable business.

Viewing -

Strictly by appointment with the Agent’s office in Mablethorpe on 01507 473476.

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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1 Queen Street, Louth, Lincolnshire LN11 9AU