41 & 41 A High Street, Mablethorpe Lincolnshire LN12 1AX

41 & 41 A High Street,
Mablethorpe
Lincolnshire
LN12 1AX

Prominent Freehold Town Centre Retail & Gym Investment

  • Prominent Freehold Town Centre Location
  • Comprises Retail, Gym & a Barclays ATM
  • Opposite a Pedestrianised Crossing
  • Occupiers close by include Heron, Greggs, Cooplands and Co-op
  • VAT-free investment
  • Lot
    37
  • Auction
    31st March 2022
  • Rent
    £22,250 per Annum
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Prominent Freehold Town Centre Retail & Gym Investment

  • Prominent Freehold Town Centre Location
  • Comprises Retail, Gym & a Barclays ATM
  • Opposite a Pedestrianised Crossing
  • Occupiers close by include Heron, Greggs, Cooplands and Co-op
  • VAT-free investment
  • Lot 37
  • Auction 31st March 2022
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
20 miles north of Skegness, 10 miles east of Louth and 43 miles east of Lincoln
Roads
A16, A52, A158
Air
Humberside Airport
Situation

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

Tenure

Freehold.

Location
Miles
20 miles north of Skegness, 10 miles east of Louth and 43 miles east of Lincoln
Roads
A16, A52, A158
Air
Humberside Airport
Situation

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

Tenure

Freehold.

Description

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

VAT is not applicable to this lot.

Completion Period

6 week completion

EPC

See Legal Pack at www.acuitus.co.uk

Description

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

VAT is not applicable to this lot.

Completion Period

6 week completion

EPC

See Legal Pack at www.acuitus.co.uk

Tenancy & Accommodation

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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    11.03.22
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Seller's Solicitors
Rooks Rider LLP St. Magnus House, 3 Lower Thames Street
London
EC3R 6HD
Anthony Shalet 0207 689 7143ashalet@rooksrider.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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