48 Lumley Road, Skegness, Lincolnshire PE25 3NG

SITUATION
Occupying a prominent trading position within the town’s main prime retail thoroughfare amongst other multiples as Boots, Specsavers, HSBC, Lloyds Bank, Domino’s, Holland & Barrett, Greggs, Select, New Look and Savers.
Skegness Station (National Rail) and the Seafront are both under a 5-minute walk away.
Skegness is a popular retail centre and seaside resort on the East Lincolnshire Coastline, enjoying excellent road links with the A16 and A52, some 22 miles north-east of Boston and 43 miles east of Lincoln.

PROPERTY
A mid terraced building comprising a Ground Floor Shop with Ancillary Storage on the first floor.

ACCOMMODATION¹
Ground Floor Shop
Gross Frontage 21'9"
Built Depth 47'9"
Area Approx. 802 sq ft
WC

First Floor Ancillary
Area Approx. 302 sq ft

Total Area Approx. 1,104 sq ft

¹Not inspected by Barnett Ross. Areas taken from VOA.

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY
The entire property is let on a full repairing and insuring lease to British Heart Foundation (Charity having approx. 700 branches) for a term of 5 years from 23rd August 2024 (in occupation for over 34 years) at a current rent of £14,300 per annum exclusive.

Tenant’s Break August 2028 – If operated, the Tenant is required to pay a break penalty of £3,575 to the Freeholder.

Note 1: The Tenant did not operate their August 2026 Break Clause.

Note 2: There is a 7 week completion.