£399,950 Commercial property for sale High Street, Skegness, Lincs, PE25

Investment Property
Cafe on Ground Floor, which is fully Let. With 2 Floor with accomadation over, which are presenlty used by the owner for his own use. The Two Floors have been improved so that they would make 2 Large Self-Contained Flats, subject to Planning Permission.

• High Street
• Investment Property
• Ground Floor, which is fully Let
• 2 Floors with accommodation over
• Tel: Skegness Office - SKE080014


SITUATION    High Street runs parallel to Lumley Road which is the main shopping street in Skegness, with Hildred Centre on the southern side being the top end of the High Street and the one way system the bottom. It is an important street which has been partly pedistranised, with a number of chip shops, which has given the name the nick name Chip Pan Alley. To find No 10, proceed from the one way system on foot and turn down the side of Alisons and Kentucky Fried Chicken into High Street and No 10 is to be found on the right hand side just next to Herrick Watsons.

GENERAL INFORMATION    The property is Freehold with vacant possession of the first and second floors and subject to a Tenancy on the Ground Floor. Local Authority: East Lindsey District Council, Tedder Hall, Manby Park, Louth, Lincs LN11 8UP (01507) 601111.

VIEWING ARRANGEMENTS    Viewing is strictly by arrangement with the Skegness Office, 16 Algitha Road, Skegness, Lincs PE25 2AG. Tel: (01754) 896100. Fax: 01754 760750. E-mail: Skegness@willsons-property.co.uk. View our properties on www.willsons-property.co.uk or www.rightmove.co.uk

ACCOMMODATION, GROUND FLOOR    Access is gained on the front elevation, through an inset open front

PORCH    Which gives access through a glazed door into main

DINING AREA    With bays to either side of the front door, Sales Counter and small understairs cupboard which leads down to the Cellar which runs the whole length of the building. The main ding area is a further

INNER DINING AREA    With disabled toilet off, and having some steps up to a

LOBBY AREA    With access then to the Gents Toilet, with urinal and wash hand basin with a WC off. To the rear of the

REAR DINING AREA    Is a stable door which opens into the

KITCHEN 14'9" x 13'10" (4.5m x 4.22m). The main access is of which is on the other side the disabled toilet. With fitted double sink, cooker hood, electric cooker point, radiator, back door then leads to the

ENCLOSED REAR YARD    With a Store Room, with basement area under, it is understood that the gas fired central heating boiler is poistioned, which runs the radiators in the cafe and the property. On the left hand side of the property is a door which leads down a long side passage way to the enclosed rear yard, which gives access for maintenance for No 12 High Street and to service the boiler etc.

.    On the right hand side of the cafe is a Front Door leading to a staircase which rises upto the first floor, with gallered staircase, which leads to the

HALLWAY    With access to a

FRONT ROOM (ROOMS NO 1 & 2) 26'3" x 16'3" (8m x 4.95m). Excluding the two bays and measured into the chimney recess. This has previously been two rooms, which could be reinstated with a partition wall as it also has a secondry door into the room and two, double glazed bay windows which look out down High Street. Beyond on this is the

ROOM NO 3 16'7" x 9'1" (5.05m x 2.77m). With double glazed window.

ROOM No 4 13'6" x 10' (4.11m x 3.05m). With stainless steel sink, (H & C).

INNER HALLWAY    With a separate

SEPARATE WC/POTENTIAL BATHROOM 9'9" x 5'4" (2.97m x 1.63m). With double glazed window.

REAR LANDING/UTILITY AREA 12'11" (3.94m) X 6'1" (1.85m) max 4'11" (1.5m) min. With a single glazed back door, which gives access to the flat roof at the back, for in case of an emergency.

TOP FLOOR    With a galleried landing, with access to the

FRONT ROOM NO 1 17'4" (5.28m) x 14'9" (4.5m) min 16'5" (5m) max. Measured into the chimney recess, with two double glazed window.

ROOM NO 2 (REAR) 14'9" x 9'7" (4.5m x 2.92m). With double glazed window, cooker point and high level sockets, again designed partly to be used as a Kitchen if it was converted into a Flat.

ROOM NO 3 (REAR) 16'6" x 9'5" (5.03m x 2.87m). Maximum into the chimney recess. With two double glazed windows.

ROOM NO 4 FRONT (POTENTIAL SMALL BE 14'10" x 8'6" (4.52m x 2.6m).

GALLERED LANDING    With double glazed window and having built in store cupboard and double glazed window, ideal for the installation of a WC.

ROOM NO 5/BATHROOM 11'11" X 9'9" (3.63m X 2.97m). With built in airing cupoard housing the copper hot water cylinder and immersion heater and with the cold water storage tank above.

.    Please Note - The First and Second Floors are both wired for storage heaters and are accessed of the front of the property of High Street through a Part Glazed Door, there is also potential to go down the side passage to the rear of the property and up a staircase, perhaps onto flat roof to join with existing fire escape access on the first floor landing.

OTHER INFORMATION    The Building immediately to the rear of the property is not within the ownership of the Vendor at the property. On the Ground Floor, the Cafe is rented out, the landlord pays the insurance and extrnal maintenance, Tenant internal at a rental of £25,000 per annum, there's no rent passing on the First and Second Floors, although if they where converted into Flats it would be easier to see them acquiring a Rental of say £5200 per annum each. The property used to have planning for residential and the vendor is informed that the planning officer would see no problem with converting these two upper floors into residential if required. Presently used for commercial.

.    This is an unique opportunity to acquire a Prime Shop Premises on High Street with existing Tenant is situ, paying a good rent and a building with plenty of scope for improvement.