106-108 Lumley Road, Skegness, Lincolnshire, PE25

A rare and fantastic business opportunity to acquire this highly successful coffee shop, retail bakery, restaurant and diner situated in one of the most prominent and visible positions in the seaside town of Skegness and is within a few hundred yards of the sea front. The present operators have run the business for over 30 years and are looking to retire.

Location

Skegness is a seaside town in Lincolnshire. In the late Victorian period the town developed into a major seaside resort on the east coast of the county. The development of the town was initiated by the Earl of Scarborough who owned most of the land in the area. The town is experiencing a new phase of Investment in the town and sea front as part of a multi million pound government investment. The subject property is in a prime position on the fork that joins High Street and Lumley road and is one of the most visible and prime locations in the town centre. Nearby national occupiers include Specsavers, Boots, NatWest, Argos and Barclays and is at the entrance to the Hildred's Shopping Centre with other well known brands such as Card Factory, Clintons, Claires, JD Sports, Home Bargains and many others. Lumley Road also gives access to Skegness promenade, The beach and North & South Parade all being a popular tourist attraction and driver of high levels of footfall. The principal access rou

ACCOMMODATION

The property comprises 3 floors and more particularly comprisesGround Floor NIA 859 sqft (79.8 sqm)First Floor NIA 619sqft (57.5 sqm)Second Floor 619 sqft (57.5 sqm)Total Floor Area 2097 sqft (194.8 sqm)Retail BakeryCentral KitchenRear Kitchen and preparation areaDining/Restaurant AreaWith seating for up to 40 people Outside An attractive outside seating area facing both High street and Lumley road with glass divides from the street and large retractable sun canopy covering the whole area. This area has seating capacity for up to 50 people. First Floor Kitchen, store room, kitchen, WC Second FloorFreezer Room, office, staff room, store

PLANNING

The property has established use as A1 retail A3/A5 hot food restaurant coffee shop and takeaway

SERVICES

Mains electricity, water and drainage are connected to the property.

TENURE

The property is offered on a new minimum 3 year lease on full repairing and insuring terms at a rent of £45000 pax. The landlord will require full references, ID checks and AML checks. The tenant is to pay 3 month rental deposit to be held throughout the duration of the lease. The outside seating area is subject to a council lease at £150 per annum rent.

RATEABLE VALUE

The property has a rateable value of £31,750 from the 1st April 2023 assessment.

CEPC

The property has a CEPC Rating of C. This is valid until the 2nd April 2033.

LEGAL COSTS

Each party are responsible for their own legal costs

VAT

The price and rent are exclusive of VAT if applicable.

LOCAL AUTHORITY

Contact East Lindsey Council The HubMareham RoadHorncastle Lincolnshire LN9 6PH Tel Email

VIEWINGS

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