Mixed-use investment opportunity comprising a ground floor retail unit with a self-contained first floor flat, located on Skegness High Street. The property is fully let, providing an established income stream, and benefits from a central position close to the seafront and town centre amenities.
LOCATION -
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 along High Street, Skegness’s main retailing thoroughfare, benefitting from consistent pedestrian flow and a mix of national and independent occupiers in the immediate vicinity. The location is conveniently positioned for the seafront, railway station and wider town centre amenities, forming part of an established commercial pitch.
ACCOMMODATION -
RETAIL AREA - 8.29m max x 5.62m max (27'2" max x 18'5" max)
BASEMENT (limited head height) - 5.35m x 9.59m (17'6" x 31'5")
With fuse box and kitchen facilities.
FIRST FLOOR FLAT -
With separate access to side.
LIVING ROOM -
With radiator.
BEDROOM (Double) -
BATHROOM -
With wc, wash hand basin, bath and shower.
KITCHEN -
With stainless steel sink and drainer, base units, and Old Potterton boiler.
BEDROOM (Double) -
TENANCIES -
The ground floor shop is under lease expiring 8th September 2032.
The first floor flat is let under an AST.
The total rental income for the property is £1,062.50 per calendar month.
RATEABLE VALUE -
Enquiry of the VOA website indicates:-
Description – Shop and premises
Rateable Value – £11,750
Rating Authority – East Lindsey District Council.
COUNCIL TAX BAND -
East Lindsey District Council Tax Band – A
EPC ASSESSMENTS -
Shop – D
Flat – TBC
SERVICES -
Mains services are understood to be available. The agents have not inspected or tested any of the services or service installations and tenants/purchasers should make their own enquiries.
VAT -
Please note, all prices quoted may be subject to VAT unless stated otherwise.
VIEWING -
Strictly by appointment with the sole agents, TES Property.
Free, no-obligation valuation for all properties or land in Lincolnshire and surrounding areas
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