Free valuation

Victoria Road, MablethorpeA1 - High Street, A5 - Take Away, Commercial

£50,000
Book a viewing

About this property

LOCATION
Victoria Road is one of the prime retail areas within Mablethorpe Town Centre, being close to its junction with High Street.

Mablethorpe is a popular Town along the Lincolnshire Coast, having a population of 10,000 and an excellent range of amenities. The Town is thriving during the summer months due to the influx of holiday makers.

DESCRIPTION
Self-Contained Retail Investment For Sale – This well-presented, prominently located Retail Unit has the benefit of Planning Consent for Retail or Hot Food Takeaway Uses and is situated within the popular holiday resort of Mablethorpe. The property provides a total floor area of 25.4 sq.m (273 sq.ft) and is currently generating an income of £4,160 per annum producing a yield of 8.3%.

ACCOMMODATION
Principal Sales Area – 2.7m x 6m

Preparation Area – 2.7m x 2.4m

A mezzanine storage area is located above the rear lobby and WC, which runs across the rear of the property and gives access to a shared enclosed rear courtyard, suitable for refuse storage.

Outside
To the front of the property, there is the benefit of an open-plan courtyard area, with fixed customer seating.

SERVICES
Mains electricity, water and drainage are understood to be connected. Some additional installations internally are also included, such as a water filter and built-in fat trap as required by Hygiene Standards within the Food Preparation Area.

EPC Rating – E

TERMS
The Freehold of this property is being offered for sale.

Lease Terms
The premises are let under the terms of a 2 year Lease. The current Passing Rent is £4,160 per annum.

OUTGOINGS
The Rateable Value is currently assessed as being £4,950.

VAT
All figures within this brochure exclude VAT, which may be applicable.

OTHER
NOTE: Please note that the photographs contained in this brochure are for illustration purposes only.

VIEWING
By prior appointment through Mundys Commercial – 01522 556088.

Energy Performance Cerificate (EPC)