Description
The property comprises a prominently situated multi-let retail/leisure investment, with three flats also included within the demise.
The property was formerly built as a hotel, having been repurposed and extended to provide a mix of accommodation, including two restaurants, a public house, various retail units and an indoor market.
The three flats comprise the manager’s flat for the public house and two separate units, which are also let by way of Assured Shorthold Tenancies.
The property abuts the High Street to the front, a short walk from the seafront.
LOCATION
Mablethorpe is a popular coastal resort in East Lincolnshire, located between the larger resorts of Skegness, 13 miles to the south, and Cleethorpes, 20 miles to the north.
The town benefits from a Blue Flag award winning beach, alongside a Seal Sanctuary, Aqua Park and other high quality leisure provisions including a brand new leisure centre which is set to open this summer.
Mablethorpe’s attractions have encouraged a vibrant staycation market, with over 10 established caravan parks, located in and around the town, alongside a number of guest houses, chalet providers and campsites. Notably, Mablethorpe is home to Haven Sands Golden Sands resort, one of the company’s largest UK holiday park locations, which was fully refurbished in 2020, in order to benefit from the booming UK based holidaymaking.
The subject property enjoys a prominent location towards the eastern end of Mablethorpe High Street, close to the seafront attractions.
services
All mains services are available and connected to the property. These have not been tested and interested parties are advised to make their own investigations with the relevant utility service providers.
town & country planning
We understand that the property has consent for uses falling within Class E (Commercial, Business & Service Uses) of the Town and Country Planning (Use Classes) Order 1987 (as amended 2020), sui generis covering public house use and C3 consent for the dwelling houses.
The property is not Listed nor situated within a Conservation Area.
Interested parties are advised to make their own investigations with regard to the planning position with the Local Planning Authority, East Lindsey District Council.
tenure
The property is being offered For Sale freehold, subject to the various Tenancy Agreements in place.
A full tenancy schedule is available to interested parties on request.
We understand that the current rental income derived from the property is £79,900 per annum.
vat
We understand that the Vendors have not elected the property for VAT and VAT is therefore not payable on the purchase price.
legal costs
Each party is to be responsible for their own legal costs incurred in documenting the transaction.