Skegness, Lincolnshire

Skegness is the principal Lincolnshire coastal resort with a resident population of around 20,000 persons, increasing substantially in the summer months with the influx of holiday makers and day visitors. It lies some 40 miles east and south of Lincoln and Grimsby respectively, with main communication links via the A52 and A158 roads as well as a regional rail service to Grantham and Nottingham.

The property is situated on Lumley Road, Skegness’s principal shopping street, within an established town centre retail location. Nearby occupiers include national retailers such as Argos, Holland & Barrett and Savers, alongside a range of independent traders.

Please note this unit has not been inspected internally by the agent. The measurements and accommodation details provided are approximate and have not been independently verified. Access to the unit is currently unavailable.

With roller shutter door.

With sink unit and water heater.

With glazed door to the rear yard.

With toilet, wash hand basin and water heater.

Shop front with corner set double doors and window.

With tiled shower are, wc, wash hand basin

With sink, wall and base units.

With pvc door to the rear.

The property benefits from a rear yard providing space for refuse bins and a right of way from Prince George Street.

The property is offered for sale freehold, including the freehold of the whole building.

No. 5 is subject to an existing seven-year lease commencing 1 August 2025 and expiring 31 July 2032, at a current rent of £6,000 per annum, payable monthly. The lease provides for a rent review on 1 August 2030 and an option for the tenant to extend for a further seven years, subject to the terms of the lease.

The upper flat is held by the present tenants on a 99-year lease dated and commencing on 30 October 1980 and expiring on 29 October 2079. The lease is subject to an annual ground rent of £50 and a contribution to the insurance premium for the whole property.

Some mains services are understood to be available including separate electric and water meters to each unit. The agents have not inspected or tested any of the services or service installations and tenants/purchasers should make their own enquiries.

Enquiry of the VOA website indicates:-
Description – Shop and premises (both units)
Rateable Value – £9,200 (No. 5) & £11,000 (No. 5A)
Rating Authority – East Lindsey District Council.

Each party to be responsible for their own legal costs in relation to the sale.

Please note, all prices quoted may be subject to VAT unless stated otherwise.

Strictly by appointment with the sole agents, TES Property. The premises at 5a Lumley Road are available to view. The unit at 5 Lumley Road is not currently available for viewing.