Ground Floor and First Floor Premise, 41, High Street, MABLETHORPE, Lincolnshire, LN12 1AX

Substantial freehold two floor detached building,
Investment – Rent Reserved: £22,250 per annum.

Location:
The property is situated in a prominent position in the heart of Mabelthorpe on High Street between its junctions with Seacroft Road and George Street. The property is adjacent to The original Factory Shop and amongst multiples retailers including Greggs, Heron Foods, Shoezone, Card Factory, Boots, Co- Operative Food and a host of local retailers. Mablethorpe is a popular seaside town and tourist resort located approximately 33 miles east of Lincoln and 27 miles north of Boston. Recreational pursuits can be found locally at the open spaces of Mablethorpe Beach and Mablethorpe North Promenade.

Description:
Substantial freehold two floor detached building comprising a ground floor shop with separate front access to a first floor. In addition, the property includes separate front access to an ATM cash machine with room, plus a front forecourt.

Accommodation:
The auctioneers were unable to inspect the property at the time of going to print although believe it comprises the following accommodation. Prospective purchasers must rely on their own inspection and measurements.

Unit: Ground Floor Shop & First Floor
Accommodation:
Ground Floor Shop: Gross Frontage 30’0”, Internal Width 28’0”, Built Depth 116’5”, GIA Approx. 3,050 sq ft, 2 WCs.
First Floor: GIA Approx. 1,328 sq ft 2 WCs
Total GIA: Approx. 4,378 sq ft
Lease: KIDz2911 (Charity No. 1160709) (Children’s Charity)
Term: 10 years from 27th January 2023
Rent: £1,416.67 pcm (17,000 pa)
EPC Rating: E


Unit: ATM Cash Machine
Accommodation: ATM Room Area, Approx. 75 sq ft
Lease: Barclays Bank UK Plc
Term: 10 years from 16th July 2020
Rent: £5,250 pa
EPC Rating: E

Rent reserved:
£22,250 per annum

Planning:
Planning Permission (now lapsed) was granted on 29th April 2016 by East Lindsey District Council for ‘Change of use and conversion of existing first floor gym currently used under Class D…. to provide 2 no. flats’. Ref: N/110/00420/16.

Planning link:
https://publicaccess.e-lindsey.gov.uk/online-applications/
simpleSearchResults.do?action=firstPage

Note:
VAT is NOT applicable to this Lot.









Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.