Commercial Property for sale

Sea Lane, PE25

£69,950

Property Description

Full description

PRIME LOCATION OPPOSITE FANTASY ISLAND
2150 FT (200 M) INCLUDING FORECOURT
THREE BEDROOM FLAT ABOVE
FOR SALE BY LEASE ASSIGNMENT (new lease if required)
THRIVING GOING CONCERN
HIGH FOOTFALL & FORECOURT TRADING
WITH ARCADE MACHINES, FIXTURES & FITTINGS (or vacant possession available by separate negotiation)
EPC Rating C & F

LOCATION
A modern and eye catching Arcade situated opposite Fantasy Island and Eastgate Market, one side of a pedestrian crossing on Sea Lane at Ingoldmells. In close proximity is the highest density of caravan sites on the Lincolnshire Coast. The property is in an excellent trading position with extensive footfall and passing trade.

TENURE
Held under Lease for a term of 10 years from 2011 at a rent of 37,000 per annum for the arcade, plus 521.00 pcm for the 3 bedroom apartment which is rented out at 520.00 pcm and available if required The tenant is responsible for all outgoings on the arcade and the tenant of the flat pays their own utility and council tax bills. The agents are verbally advised by the current Lessee that the landlord is willing to offer a new lease by negotiation.

ASSESSMENTS
Rateable Value:- 16,500
Business Rates Payable 2016/2017:- 7,986
As verbally advised by East Lindsey District Council 01.02.2017
From April 2017 it is understood that the Rateable value will reduce to 14,250 with Business Rates Payable being approx 5,000

THE ARCADE
Depth 62'6" (19m) 1500 ft (144 m)
Width 25' (7.59m)
With 2 sets of aluminium bi-fold doors, suspended ceiling with neon lighting, 2 air conditioning units, 2 heaters, carpeted throughout, roller shutter door, fire exit door.

FORECOURT
Depth 19'5" (5.9m) 680 ft (63m)
Width 35' (10.6m)

STORE 1
Depth 5'7" (1.7m)
Width 9'10" (3m)

STORE 2 / W.C
With racking, single glazed window, W.C with hand basin, toilet, single glazed window, fire alarm system.

OFFICE
Depth 10'3" (3.10m)
Width 5' (1.5m)

3 BEDROOM APARTMENT
Located above the premises with accommodation comprising 3 Bedrooms, 1 En-suite, 1 Bathroom, Lounge, Kitchen, Utility Area, Balconies to front and rear (not inspected by the agent).

ARCADE MACHINES
8 x 1 player cranes
1 x 2 payer cranes
4 x childrens rides
1 x boxer machine
7 x multiplayer fruit machines
25 x single fruit machines (approx)
3 x Flipper machines
2 x Packman Ball machines
3 x round pushers
1 x skill ball bingo
3 x Thomas change machines
Photo booth
Air Hocky
Dunk tank
Electric Chair
Cummins Jet Sort counting machine
Cash box
2 x sweet cranes
2 x prize every time cranes

DISCLAIMER Notice is hereby given that these particulars are set for the guidance of proposed purchasers, and although due care is taken in their preparation and they are believed to be correct, proposed purchasers must not rely on them as statements of fact and must satisfy themselves by inspection or otherwise as to their correctness. These particulars are issued on the understanding that all negotiations are carried through the Agents Turner Evans Stevens but they do not constitute an offer or contract.

No person employed by Turner Evans Stevens Limited has any authority to make or give any representation or warranty whatsoever in relation to this property.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest station

  • Skegness (3.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Turner Evans Stevens, Skegness Commercial

32 Roman Bank, Roman Bank, Skegness, PE25 2SL

01754 484040 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Skegness (3.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Turner Evans Stevens, Skegness Commercial

32 Roman Bank, Roman Bank, Skegness, PE25 2SL

01754 484040 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference sk008753. 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 Turner Evans Stevens, Skegness Commercial. 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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