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Commercial Property for sale

High Street, Spilsby, Lincolnshire

Sold STC £134,950

Property Description

Key features

  • Investment Opportunity
  • Shop, Restaurant & 2 Residential Apartments
  • High Street Location
  • Directly opposite Market Place
  • Rear Yard

Full description

For sale SUBSTANTIAL MIXED USE HIGH STREET Premises comprising former Restaurant, separate Shop, 2 bedroom first floor flat and further 1 bedroom first floor flat. Suitable as an Investment or future Owner Occupation.

Situation - This vast property is situated in the centre of the market town of Spilsby directly opposite the Market Place. The position is within convenient walking distance to the town's amenities including neighbouring shops, restaurants, offices and car parks.

Description - This double fronted commercial premises with residential accommodation over comprises of four property parts, a former Restaurant, 2 bedroom residential Flat above the restaurant, separate lock up Shop and further first floor 1 bedroom Flat.

47 High Street - This former restaurant is laid out in an open plan design from the dining area through to the bar.

Front Restaurant - 17'9" x 14'2" with further recess 12'3" x 2'7" (5.41m x 4.32m with further recess 3.73m x 0.79m) - Having glazed front entrance door, 2 bay windows to front, 2 radiators, ceiling lighting, air conditioning unit.

Further Restaurant Area - 15'5" x 9'4" > 8' (4.70m x 2.84m >2.44m) - With low level brick dividing wall, ceiling spot lighting, air conditioning unit, radiator and ramp.

Bar & Seating Area - 19'6" x 13'3" (5.94m x 4.04m) - Having brick bar with wooden top, fitted sink, windows to side aspect, 2 radiators, ceiling lighting.

Store Room - 6'6" x 6'4" (1.98m x 1.93m) - With window to rear, tiled walls, wall light, and power supply.

Toilets - A corridor from the Bar leads to the Ladies and Mens toilets each toilet having a white suite comprising low level w/c with hand wash basin.

Kitchen - 15' x 12'11" & 9'1" x 6'1" () - From the Bar a doorway leads to the L shaped Kitchen. Having wall mounted boiler, stainless steel commercial style sink, stainless steel splashbacks to cooking area, ceiling lighting, radiator, further white sink, glazed door to rear yard and window to side.

Pantry - 8'5" x 3'2" (2.57m x 0.97m) - Fitted with shelving.

Rear Lobby - From the Bar area a door leads to the Rear Lobby having a radiator and an obscure glazed door to the rear yard. A further glazed door leads to the stairway to the 2 bedroom flat.

First Floor Flat - A split level landing leads off to

Bathroom - Having a white 3 piece suite comprising bath with shower over, pedestal wash basin, close coupled w/c. Window to rear elevation, radiator and tiled floor.

Bedroom 2 - 9'11" > 7'3" x 11' (3.02m >2.21m x 3.35m) - With window to rear, cupboard housing boiler, double radiator.

Lounge - 15'1" x 15' (4.60m x 4.57m) - Having window to front, wooden mantelpiece and ceiling light.

Kitchen - 7' x 6'8" (2.13m x 2.03m) - With a range of white kitchen base and wall units with roll edge worktops, stainless steel sink, window to front and ceiling light.

Bedroom 1 - 15' x 12'6" (4.57m x 3.81m) - Having window to front with radiator under, ceiling light, 2 recesses each with shelving.

From the landing a further staircase leads to the attic.

47A High Street, Flat -

Hallway - An external door accessed via the rear yard and staircase, leads to the hallway. Further doors lead to :

Lounge - 13'2" x 9'5" (4.01m x 2.87m) - Having window to rear elevation.

Kitchen - 12'10" x 5'6" (3.91m x 1.68m) - Stainless steel sink with cupboard underneath. Window to side. Flourescent strip light. Door to:

Shower Room - With Shower cubicle, white wash basin, obscure glazed window to side, and ceiling light.

Bedroom - 9'9" x 8'9" (2.97m x 2.67m) - From the hallway a door leads to the bedroom having fitted drawers, ceiling light and a window to the side.

Cloakroom - Having white high level w/c, obscure glazed window to side and ceiling light.

49 High Street -

Ground Floor Sales Shop - 14'11" x 13'7" (4.55m x 4.14m) - A glazed front entrance door from the High Street leads to the main retail area having a box bay display window to the front with 4 panes.

Lobby - A lobby provides access to the cellar, Cloakroom and Counter / Storage Room

Counter & Storage Room - 11'8" > 10'8" x 12'2" (3.56m >3.25m x 3.71m) - With serving counter, electric heater and fluorescent strip light.

Cloakroom - Having high level w/c and wall mounted wash basin.

Cellar - Steps lead from the lobby down to the cellar which provides two storage rooms.

Exterior - Behind the restaurant there is a rear yard laid to concrete having a gate to the side and a staircase leading to the flat at 47A High Street.
A further yard area is accessed from the corridor in the restaurant which leads to the toilets. This yard has two storage units.

Tenure - Freehold.

Business Rates - We understand from the Local Authority website the April 2017 Rateable Value Assessments are 47 High Street, Restaurant and premises £7,000, 49 High Street, Shop and premises £3,100. Prospective purchasers are advised to contact East Lindsey District Council (01507) 601111 to verify the total amount of business rates payable.

Planning - Interested Parties should consult with East Lindsey District Council Planning Department to ensure the property is suitable for their required usage.

Agent's Note - All measurements are approximate. The services, fixtures and fittings have not been tested by the Agent.
All properties are offered subject to contract or formal lease offered subject to not being previously sold or withdrawn; these particulars are issued on the understanding that all negotiations are conducted through Bruce Mather Limited. Please note this is a Grade 2 listed property and is within a conservation area.

The kitchen in flat 47A is incomplete and requires finishing.

Bruce Mather Limited for themselves and for Sellers and Lessors of this property whose Agent they are give notice that:- 1) The particulars, whilst believed to be accurate, are set out as a general outline for intended buyers or lessees and do not constitute nor constitute part of any offer or contract; 2) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending Buyers or Tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy; 3) no person in the employment of Bruce Mather Limited has any authority to make or give any representation or warranty whatever in relation to this property.

Viewings - Strictly by appointment only through the selling agents, Bruce Mather Limited. Tel: 01205 365032 Option 3.

Vat - All prices and figures quoted are net of VAT unless otherwise specifically stated.

Services - Mains electricity, water, gas and foul sewerage services are connected to number 47. No gas was noted to 49 High Street. None of the services have been tested.

Note: All measurements are approximate. The services, fixtures and fittings have not been tested by the Agent. All properties are offered subject to contract or formal lease.

Bruce Mather Limited, for themselves and for Sellers and Lessors of this property whose Agent they are, give notice that:- 1) These particulars, whilst believed to be accurate, are set out as a general outline only for guidance and do not constitute any part of any offer or contract; 2) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending Buyers or Tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy; 3) No person in this employment of Bruce Mather 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)

Floorplans

Map & Street View

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