58-60 Lumley Road, Skegness, Lincolnshire, PE25

The property forms one half of a complete block let to Boots UK Ltd. The property is in a prime central position.

DESCRIPTION

The property forms one half of a complete block let to Boots UK Ltd. The property is in a prime central position. The property has been in occupation by Boots since 1974.

Location

The property is situated in the prime trading area of Skegness. The town is a popular retail centre and seaside resort serving an extensive catchment population which increases substantially due to staycations. 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

The property forms one half of a larger block. The property comprises a 3 storey building and comprises 395.85 sqm (4261 sqft)

PLANNING

The property has an established use as A1 retail

SERVICES

All mains services are connected to the property

TENURE

The property is let to Boots Uk Ltd on a lease dated the 10th February 2023 until the 9th February 2028 at a rent of £24600 pax

RATEABLE VALUE

The rateable value of both buildings as one is £71000.

CEPC

The property has an EPC of C

LEGAL COSTS

Each party are responsible for their own legal costs

VAT

The sale is exclusive of VAT if applicable

LOCAL AUTHORITY

East Lindsey District Council The Hub, Mareham Road, Horncastle, Lincolnshire, LN9 6PHTel : Email:

VIEWINGS

Contact Pygott & Crone Commercial 36a Silver Street Lincoln LN2 1EW Tel