Prominent Freehold Town Centre Retail & Gym Investment
Prominent Freehold Town Centre Retail & Gym Investment
Mablethorpe is a seaside town on the Lincolnshire coast, located 20 miles north of Skegness, 10 miles east of Louth and 43 miles east of Lincoln. The property is situated on the southern side of the High Street in between Seacroft Road and George Street. Nearby occupiers include Heron frozen foods, Greggs, Cooplands The Original Factory Shop and The Co-op
Freehold.
Mablethorpe is a seaside town on the Lincolnshire coast, located 20 miles north of Skegness, 10 miles east of Louth and 43 miles east of Lincoln. The property is situated on the southern side of the High Street in between Seacroft Road and George Street. Nearby occupiers include Heron frozen foods, Greggs, Cooplands The Original Factory Shop and The Co-op
Freehold.
The property comprises a ground floor shop with ATM and a self contained gym at first floor. The gym is accessed via the High Street.
VAT is not applicable to this lot.
6 week completion
See Legal Pack at www.acuitus.co.uk
The property comprises a ground floor shop with ATM and a self contained gym at first floor. The gym is accessed via the High Street.
VAT is not applicable to this lot.
6 week completion
See Legal Pack at www.acuitus.co.uk
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review (Reversion) |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 243.48 sq m |
(2,620 sq ft) |
KIDz2911 (Children`s Charity) | 3 years from 6/12/2021 | £12,000 |
(05/12/2024) |
| First | Gym | 92.60 sq m |
(996 sq ft) |
INDIVIDUAL (Gym) | 4 years from 21/09/2021 | £5,000 |
(20/09/2025) |
| Ground | Cash Machine/ATM | - |
- |
BARCLAYS BANK PLC | Term of years expiring 15/07/2030 (1) | £5,250 |
16/07/2025 RPI linked rent review, collared at 1% pa & capped at 2%. (15/07/2030) |
| Total | 336.08 sq m |
(3,616 sq ft) |
£22,250 |
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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