16 High Street, Sutton On Sea

 

For Sale £15,000

Mablethorpe, Lincolnshire

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BUSINESS FOR SALE

  • Thriving sea-side clothing, footwear and beach goods business
  • Excellent shop position, close to the beach
  • New lease available
  • 12 years trading information available
  • Profitable business opportunity
  • Sale due to retirement
  • EPC Rating E

Tenure: Leasehold


Location -

Sutton-on-Sea forms a small traditional seaside town lying some 13 miles north of the principal Lincolnshire resort of Skegness, and 3 miles south of its larger neighbour, Mablethorpe. It stands on the A52 coast road.

With a resident population of around 4,000 people, it has a predominantly retirement- focused residential population, and within the summer months its holiday activity is based upon a less active environment than to be found in Mablethorpe and Skegness.

Within Sutton-on-Sea are to be found traditional service and retail amenities including a small supermarket, convenience stores and other mixed retailing.

The property is situated on the High Street, approximately 100m from the famous beaches. As a result, the property is in an excellent position to serve the tourist and indigenous trade.

Ground Floor -

76.94 m²/828 ft²

Shop -

4.27m internal frontage with an overall depth of 19.3m, (please note that the property does narrow to the rear), fully stocked with outdoor clothing and fancy goods, including beach-wear and beach requisites.

First Floor -

(Potentially reverting to a flat) 42.73 m²/160 ft²

Bathroom - 9' 2'' x 5' 7'' (2.79m x 1.69m)

with panelled bath, pedestal hand basin, low flush WC.

Kitchen - 12' 1'' x 7' 1'' (3.68m x 2.16m)

(max measurements), with stainless steel sink and drainer, plus base units, further wall and base units.

Outside -

Parking space

Agent's Note -

The business has become available due to semi-retirement of the proprietor.

Sutton Outdoors has been trading from this site for over 10 years and has built up a substantial regular customer base with all round trading. The business stocks a wide variety of clothing, footwear and accessories for the leisure, beach, camping and everyday local market.

A good spring/summer season trade with associated beach leisure products alongside a variety of seasonal/nautically themed gifts and leisure clothing and footwear extends into an autumn/winter season with winter clothing etc. A variety of brands are stocked including products from Lazy Jacks, Old Guys Rule, Uber Moose, Regatta, Highlander, Jane Austin, Deal, Dude Shoes etc.

A large self-contained one bedroomed flat, suitable for owner occupation only, is situated upstairs, but currently used as office/storage. There are off-road parking spaces to the rear.

Lease -

The landlords have indicated that a new lease may be available on terms to be agreed but subject to an annual rent of £7,750 p.a.

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:- £6,700

From April 2017, the proposed rateable value will be £6,700. The charging authority is East Lindsey District Council.

Legal Fees -

The ingoing tenant/business purchaser is to be responsible for our client’s reasonable legal fees and those of the landlord.

Viewing -

Strictly by appointment with the agent’s Louth office on 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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