Let to A F Blakemore and Son Limited (t/a SPAR) until 2019
Includes 2 x recently refurbished self-contained maisonettes and 3 x self-contained flats
Important and popular Holiday Town
Lot 46
Auction 11th December 2014
Rent £38,600 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
37 miles east of Lincoln
55 miles north-east of Peterborough
63 miles north-east of Nottingham
Roads
A52, A168, A16, M1
Rail
Skegness Railway Station
Air
Robin Hood Doncaster/Sheffield Airport, Norwich International Airport
Situation
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.
Tenure
Freehold.
Location
Miles
37 miles east of Lincoln
55 miles north-east of Peterborough
63 miles north-east of Nottingham
Roads
A52, A168, A16, M1
Rail
Skegness Railway Station
Air
Robin Hood Doncaster/Sheffield Airport, Norwich International Airport
Situation
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.
Tenure
Freehold.
Description
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
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
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
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
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.