82/82a Seacroft Road Mablethorpe Lincolnshire LN12 2DR

82/82a Seacroft Road
Mablethorpe
Lincolnshire
LN12 2DR

Freehold Retail Investment

Two shops both recently let on 10-year leases from June & September 2024 (subject to mutual options)
Shops trading as a hair salon and a vape shop
Prominent local retail parade
Nearby occupiers include Co-op Convenience Store (opposite), Lidl, Heron Foods, Greggs and a mix of independent retailers
VAT-free investment

Lot
34
Auction
7th November 2024
Rent
£15,000 per Annum Exclusive
Status
Sold
Price
£133,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Two shops both recently let on 10-year leases from June & September 2024 (subject to mutual options)
Shops trading as a hair salon and a vape shop
Prominent local retail parade
Nearby occupiers include Co-op Convenience Store (opposite), Lidl, Heron Foods, Greggs and a mix of independent retailers
VAT-free investment

Lot 34
Auction 7th November 2024
Rent £15,000 per Annum Exclusive
Status Sold
Price £133,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 10 miles east of Louth, 20 miles north of Skegness
Roads: A52, A157, A1031, A1104
Rail: Skegness Railway Station
Air: Humberside Airport

Situation

The property is prominently situated on the east side of Seacroft Road, in the heart of the town centre. Nearby occupiers include Co-op Convenience Store (opposite), Lidl, Heron Foods, Greggs and a mix of independent retailers.

Tenure

Freehold.

Location

Miles: 10 miles east of Louth, 20 miles north of Skegness
Roads: A52, A157, A1031, A1104
Rail: Skegness Railway Station
Air: Humberside Airport

Situation

Tenure

Freehold.

Description

The property comprises two shops, each arranged on the ground floor, forming part of a larger building.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

82 Seacroft Road - Band C 82a Seacroft Road - Band D

Description

The property comprises two shops, each arranged on the ground floor, forming part of a larger building.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

82 Seacroft Road - Band C 82a Seacroft Road - Band D

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx sq m (1)	Floor Areas (Approx sq ft) (1)	Tenant	Term	Rent p.a.x.	Rent Review
82 Seacroft Road	Ground	Retail/Ancillary	53.63	(577)	D. P. POTTER (t/a Sue's Salon)	10 years from 06/09/2024 (2)	£7,500	06/09/2029
82a Seacroft Road	Ground	Retail/Ancillary	53.93	(580)	E-LIQUID STORES LIMITED (t/a Eco Vape)	10 years from 01/07/2024 (3)	£7,500	01/07/2029
Total			107.56	(1,157)			£15,000

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) The lease is subject to a mutual option to determine on 06/09/2029.
(3) The lease is subject to a mutual option to determine on 01/07/2029.

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.