Shop & Investment Shop , 109/111 Drummond Road, Skegness
£220,000
For Sale
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Property summary
For Sale Established Newsagent & General Store Ground floor shop with newsagent and store Adjoining retail shop lets as an investment Rear Store and yardFirst and second floor 3 bed maisonetteSale due to retirement Good trading figures and potential for expansion EPCS B,C, for the shops and E for the maisonetteGet in touch
More about the property
An opportunity to acquire this long established newsagent and general store with spacious first and second floor 3 bedroom maisonette. The property also includes a ground floor retail shop let on a commercial lease.
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DESCRIPTION
An opportunity to acquire this long established newsagent and general store with spacious first and second floor 3 bedroom maisonette. The property also includes a ground floor retail shop let on a commercial lease
An opportunity to acquire this long established newsagent and general store with spacious first and second floor 3 bedroom maisonette. The property also includes a ground floor retail shop let on a commercial lease
Location
The property is situated in a popular residential area of the town within 1 mile of the centre and a 1/4 mile from the sea front. The principal access routes to the town are by the A52 from Boston which is located approximately 22 miles to the south west and the A158 to Lincoln which is approximately 43 miles to the west. The town is also served by a railway station with access to Nottingham. The subject property fronts onto Lumley Road which is a popular retail location within the town centre. Nearby national occupiers include Specsavers, Boots, NatWest, Argos and Barclays. Lumley Road also connects to Wainfleet Road which provides access to Skegness promenade, a popular tourist attraction and driver of high levels of footfall.
The property is situated in a popular residential area of the town within 1 mile of the centre and a 1/4 mile from the sea front. The principal access routes to the town are by the A52 from Boston which is located approximately 22 miles to the south west and the A158 to Lincoln which is approximately 43 miles to the west. The town is also served by a railway station with access to Nottingham. The subject property fronts onto Lumley Road which is a popular retail location within the town centre. Nearby national occupiers include Specsavers, Boots, NatWest, Argos and Barclays. Lumley Road also connects to Wainfleet Road which provides access to Skegness promenade, a popular tourist attraction and driver of high levels of footfall.
ACCOMMODATION
109 Ground floor shop = 32 sqm (344.44 sqft)
111 Ground floor shop = 32 sqm (344.44 sqft)
First and second floor maisonette with rear access from the side passage and comprising larger lounge diner, kitchen, bedroom and bathroom
second floor 2 bedrooms
Outside store
109 Ground floor shop = 32 sqm (344.44 sqft)
111 Ground floor shop = 32 sqm (344.44 sqft)
First and second floor maisonette with rear access from the side passage and comprising larger lounge diner, kitchen, bedroom and bathroom
second floor 2 bedrooms
Outside store
PLANNING
The property has established retail A1 use and C3 residential accommodation above
The property has established retail A1 use and C3 residential accommodation above
SERVICES
Mains electricity, water, gas and drainage are connected
Mains electricity, water, gas and drainage are connected
TENURE
The property nis offered freehold with vacant possession to 109 ground floor shop and maisonette. 111 is subject to a lease agreement which expires in November 2024. We understand they wish to renew for a new 5 year lease. They pay a rent of £5220 pax and pay their own services and outgoings.
The property nis offered freehold with vacant possession to 109 ground floor shop and maisonette. 111 is subject to a lease agreement which expires in November 2024. We understand they wish to renew for a new 5 year lease. They pay a rent of £5220 pax and pay their own services and outgoings.
RATEABLE VALUE
The buildings has the following rateable values and council tax
Shop 109 = £4500
Shop 111 = £4500
Maisonette council tax band A
The buildings has the following rateable values and council tax
Shop 109 = £4500
Shop 111 = £4500
Maisonette council tax band A
CEPC
109 shop has an CEPC of B which is valid until the 19th March 2034
111 shop has an CEPC of C which is valid until the 19th March 2034
Maisonette has an EPC of E which is valid until the 19th March 2034
109 shop has an CEPC of B which is valid until the 19th March 2034
111 shop has an CEPC of C which is valid until the 19th March 2034
Maisonette has an EPC of E which is valid until the 19th March 2034
LEGAL COSTS
Each party are responsible for their own legal costs
Each party are responsible for their own legal costs
VAT
The price is expressed is exclusive of VAT if applicable
The price is expressed is exclusive of VAT if applicable
LOCAL AUTHORITY
East Lindsey District Council
The Hub
Mareham Road
Horncastle
Lincolnshire
LN9 6PH
Tel 01507 601111
e mail customerservices@e-lindsey.gov.uk
East Lindsey District Council
The Hub
Mareham Road
Horncastle
Lincolnshire
LN9 6PH
Tel 01507 601111
e mail customerservices@e-lindsey.gov.uk
VIEWINGS
Contact Pygott & Crone Commercial
36a Silver Street
Lincoln
LN2 1EW
Tel 01522 536777
Contact Pygott & Crone Commercial
36a Silver Street
Lincoln
LN2 1EW
Tel 01522 536777
