20 Roman Bank, Skegness, Lincolnshire, PE25
£215.38 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,300-2,000 sq ft
121-186 sq m
- SECTOR
Commercial property for sale
Key features
- For Sale
- Mixed use retail/residential investment
- Good secondary town centre
- 3 storey building
- Retail estate agents on ground floor 1448 sqft (134.5 sqm)
- 3 self contained flats
- FF Flat 1 x 2 bedFF Flat 2 x 1 bed 2nd F Flat 3 x 2 bed
- Rental Income £33,420 pax
Description
An excellent opportunity to acquire this mixed Commercial/Residential investment in a good secondary town centre position close to the main Lumley Road and High Street in a prominent position.
Location
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
Ground Floor retail = 1448 sqft (134.5 sqm)Main retail showroom with 3 cubicle offices, inner hall, 2 further offices, kitchen and WC20a First Floor Flat at rear = 358 sqft (33.2 sqm) with Kitchen/lounge, bedroom, bathroom20b First Floor Flat at front = 820 sqft (76.1 sqm) with 2 bedrooms, lounge, kitchen and bathroom20c Second Floor Flat = 909 sqft (84.4 sqm)with Lounge/dining room, kitchen, bathroom, 2 bedrooms
PLANNING
The property has a planning use of E commercial and C3 residential
SERVICES
All mains services are connected. EICR checks have been completed on all of the property in 2021 and comply with present standards.
TENURE
The property is sold subject to a lease on the ground floor and 3 residential tenancies at first and second floor level on ASTs. The total rental income is £33,420 pax. The rents are broken down to Retail £16500 paxThe lease is for 5 years from November 2021 with Sequence (UK) Ltd t/a WH Brown Estate Agents Flat 20a let at £5280 paxFlat 20b let at £5940 paxFlat 20c let at £5700 pax
RATEABLE VALUE
The ground floor retail property has a rateable value of £20,750the flats are all council tax band A
CEPC
CEPC B
LEGAL COSTS
Each part are responsible for their own legal costs
VAT
The price is exclusive of VAT and the owners have not elected for VAT
LOCAL AUTHORITY
Contact East Lindsey District Council Tel
VIEWINGS
Contact Pygott & Crone Commercial 36a Silver street Lincoln LN2 1EWTel
20 Roman Bank, Skegness, Lincolnshire, PE25
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Skegness Station0.2 miles
- Havenhouse Station3.4 miles
- Wainfleet Station5.0 miles
Notes
Disclaimer - Property reference 10534806. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by PYGOTT & CRONE COMMERCIAL, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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