Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding mixed-use investment opportunity with asset management potential via letting of the vacant flat.
Arranged as two ground floor retail units with four flats to the upper parts, the property is let on a mix of commercial leases and residential ASTs.
To the ground floor, the property is let to a bar/coffee shop and Sense; a national charity.
The upper parts comprises 4 x one bedroom flats. Three flats are let at £5,200 p.a. (£433 pcm) per flat with one flat vacant. We therefore consider the property offers asset management potential via letting of the vacant flat and consider the property reflects an estimated rental value of £55,000 once fully let.
The property benefits from a prominent frontage to Lumley Road, one of the principal retail streets in Skegness and in close proximity to the rail station. The street therefore benefits from high footfall and is characterised by a mix of local and national retailers including Argos, British Heart Foundation, Holland & Barrett and Boots.
Tenure
Freehold
Tenancy
Please see the Tenancy Schedule and Legal Pack for more information.
Rent