Seaside Hub Cherry Park, South Road, Chapel St. Leonards, Skegness, Lincolnshire, PE24

An excellent opportunity to acquire this mixed use commercial investment property generating an income of £35,000 pax (potential for £45,000 pax) The investment is split into 4 units comprising a fish and chip shop, a site office, general store and cafe/ restaurant .

Location

The property is located close to the centre of the village and is surrounded by Caravan Parks and Leisure facilities. Chapel St. Leonards is a seaside resort village
and civil parish in the East Lindsey district
of Lincolnshire. It is situated 5 miles
(8 km) north from the resort of Skegness and
just north of Ingoldmells. It also lies right next to
the North Sea.
The village is a location for caravan park holidays
as well as campsites, and is next to several miles of beach, and close
to Fantasy Island, market towns,
and the Lincolnshire Wolds.A landmark is Chapel Point, 1 mile (1.6 km) north from
the centre of the village. It has a restored part of a major Second World
War coastal defence line retaining the viewing platform. The
adjacent North Sea Observatory, a visitors' centre providing a facility
for year-round use, was constructed between 2016 and 2018. In recent years
Chapel Point has become a location for birdwatchers,
being visited by migrating birds such as the Mediterranean gu

ACCOMMODATION

The property comprises a single storey terrace of commercial units split into 4 and providing an income generating investment property. The property includes The Plaice Fish & Chip Shop, The Cherry Park site office, The Pantry General Store and Little Nans Cafe, Each floor plan is within the brochure

PLANNING

The property has established uses of A1, A2, A3,A5 which are now all included with the new planning use class E.

SERVICES

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

TENURE

The property is offered freehold subject to 4 leases terms. The total rental income is £35,000 pax however the property is under rented and could generate £45,000 pax. Copies of the leases can be made available to seriously interested parties.

RATEABLE VALUE

The property has the following rateable valuesFish & Chip Shop £8700 Cherry Park Office £4350Pantry £4400Cafe £6900

CEPC

CEPCS have been ordered

LEGAL COSTS

Each party pay their own legal costs

VAT

The price is exclusive of VAT if applicable

LOCAL AUTHORITY

East Lindsey District Council The Hub Mareham Road Horncastle LincolnshireLN9 6PH Tel

VIEWINGS

Contact Pygott & Crone Commercial Tel