Offers in region of
£1,095,000
(£27.21/sq. ft)
Retail premises for saleIngoldmells Local Centre, 1-3 Sea Lane, Ingoldmells, Skegness PE25
40,240 sq. ft
Added on
TDB Real Estate Ltd
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About this property
Located on the Lincolnshire coast, Ingoldmells and the wider Skegness area form one of the UK’s largest concentrations of tourist caravan parks
Approximately 39,000 caravans in Ingoldmells and Skegness & 4.5 million visitors to the district annually
Securely let to Heron Foods, Poundland and Cooplands Bakery
Located on Sea Lane, the main route from caravan parks to the beach & Fantasy Island
New leases to Poundland & Cooplands
Total rent: £110,000 per annum
Quoting a price of £1,095,000 (one million and ninety five thousand pounds)
Net Initial Yield: 9.5% (assuming normal purchaser’s costs)
Description
The property was historically an amusement arcade and has been
redeveloped into three retail units.
The property comprises a two storey property with clad elevations
and a part flat, part pitched roof.
Location
The property occupies a prominent position on Sea Lane, linking Fantasy Island
and the coastline with inland Lincolnshire.
Located opposite Tesco, with a range of nearby pubs, bars and retail occupiers.
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