Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
The property is situated in a prominent location on Drummond Road, an important road leading into Skegness town centre from Gibraltar Point Nature Reserve and Seacroft Golf Club.
Neighbouring occupiers include a number of independent retailers.
The property is approximately 500 metres from Richmond Holiday Centre.
Freehold.
The property is situated in a prominent location on Drummond Road, an important road leading into Skegness town centre from Gibraltar Point Nature Reserve and Seacroft Golf Club.
Neighbouring occupiers include a number of independent retailers.
The property is approximately 500 metres from Richmond Holiday Centre.
Freehold.
The property comprises ground floor retail and ancillary accommodation, with 2 self-contained maisonettes on the first and second floors and 3 self-contained flats on the first floor. The residential accommodation is accessed to the rear of the property.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground floor retail and ancillary accommodation, with 2 self-contained maisonettes on the first and second floors and 3 self-contained flats on the first floor. The residential accommodation is accessed to the rear of the property.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 395.62 sq m |
(4,258 sq ft) |
A F BLAKEMORE AND SON LIMITED (t/a SPAR) (1) |
21 years from 28/09/1998 | £25,250 | 27/09/2019 |
| Ground (Rear) | Storage | 46.45 sq m |
(500 sq ft) |
VACANT POSSESSION |
|||
| First and Second |
2 Bedroom Maisonette |
INDIVIDUALS | 6 month Assured Shorthold Tenancy from 07/11/2014 |
£6,000 (2) | |||
| First and Second |
3 Bedroom Maisonette |
INDIVIDUALS | 6 month Assured Shorthold Tenancy from 11/07/2014 | £6,600 (2) | |||
| First (Rear) | 3 x Flats | Not measured |
INDIVIDUALS | Let on 3 individual 125 year leases |
£750 | ||
| Total Commercial | 442.07 sq m |
(4,758 sq ft) |
£38,600 | ||||
(1) For the year ending 30/04/2013, A F Blakemore and Son Limited reported a turnover of £1,135,382,000, pre-tax profits of £7,081,000 and a total net worth of £50,293,000. (Source: www.riskdisk.com 17/09/2014). A F Blakemore & Son Ltd is the largest division of SPAR UK owning 307 SPAR Stores and serving more than 940 in total across England and Wales employing over 7,900 people
(Source: www.afblakemore.com)
(2)The rent has been annualised.
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