16 Algitha Road
Skegness
PE25 2AG
High Street, Spilsby
Guide Price £280,000
Commercial
- For Sale by Online Auction
- Starting Bid £360,000 (terms and conditions apply)
- 4 Retail units
- 3 x One Bedroom Flats
- Situated in centre of Spilsby
*** For Sale by Online Auction *** Starting Bid of £280,000 (terms & conditions apply).
The Franklin Centre', an opportunity to acquire a mixed commercial-residential letting opportunity in the centre of this popular market town on the edge of the Lincolnshire Wolds comprising a parade of 4 retail units off a central passage together with 3 x one bedrooms flats over 3 floors.
Retail Premises
The Franklin Centre consists of 4 retail units off a central passage with a herringbone tiled floor and panelled ceiling.
Units 1 & 2
7.54m x 3.05m (24'9 x 10')Presently used as a salon which has two defined areas with laminate effect floor throughout, 2 bespoke hair washing sinks with cupboards to the side each with electric water heaters, 2 wall mounted hairdryers and 3 hair styling mirrors with worksurface and assorted chairs.
The Kiosk
3.84m x 1.14m (12'7" x 3'9" )Being a glazed display and retail unit with 4 single glazed windows under a tiled display roof.
Unit 3
6.58m x 5.94m / 2.01m (21'7" x 19'6" / 6'7" )Presently used as a sports injury treatment room. Having light and power, laminate effect floor.
Kitchen
1.60m x 1.52m (5'3" x 5')With wall and base units, stainless steel single drainer sink with mixer tap. Door to:
Rear Covered Area
2.03m x 1.42m (6'8" x 4'8")With polycarbonate roof.
Unit 4
3.76m x 3.05m (12'4" x 10')Being a retail sales unit with laminate effect floor, single glazed window and door, light and power, spotlights.
Recessed Kitchen
1.24m x 0.97m (4'1" x 3'2")With stainless steel single drainer sink with mixer tap, wall and base units.
Unit 7
4.01m x 1.91m (13'2" x 6'3")Retail unit with single glazed display windows and door, single glazed rear window, light and power.
Display Area
3.30m x 1.07m (10'10" x 3'6" )With 3 single glazed display windows, 2 inset spotlights, light and power.
Ground Floor Flat
With single glazed door off the passage opening into:
Entrance Lobby
Kitchen
3.10m x 2.97m max (10'2" x 9'9" max )With wall and base units, worksurface with stainless steel single drainer sink, storage heater, space for electric cooker with hood over, space and plumbing for washing machine, 2 single glazed windows, exterior door to rear passageway.
Bathroom
2.64m x 1.52m (8'8" x 5')Comprising bath with electric shower over, wc, wash hand basin, heated towel rail, extractor fan.
Lounge
4.88m x 3.38m (16' x 11'1")With storage heater, Upvc double glazed window to rear, TV point.
Bedroom
3.05m x 2.95m (10' x 9'8")Upvc double glazed window to rear, storage heater.
First & Second Floor Flats
Both have a single access off the ground floor passage with stairs leading to the first floor landing with fire escape door giving emergency access over the single storey roof to the rear.
Cloakroom
2.21m x 1.52m (7'3" x 5')Specifically for the use of the ground floor shop units having a wc, wash hand basin, tiling to 3 walls.
Flat 1:-
With door into:
Entrance Hall
Lounge
4.47m x 3.76m (14'8" x 12'4")With Upvc double glazed front window, storage heater, archway to:
Kitchen
2.44m x 1.96m max (8' x 6'5" max )Having wall and base units, worksurface with stainless steel single drainer sink, space for electric cooker, splash-back tiling, door to:
Shower Room
2.44m x 1.22m (8' x 4')Equipped with a shower cubicle with electric shower, wash hand basin, wc, electric fan heater, Upvc double glazed rear window.
Bedroom
3.43m x 2.62m (11'3" x 8'7" )Having Upvc double glazed front window, storage heater.
Second Floor Landing
Flat 2:-
With door into:
Entrance Hall
Bedroom
3.53m x 2.87m (11'7" x 9'5")With Upvc double glazed front window.
Lounge
4.52m x 3.61m max (14'10" x 11'10" max)Upvc double glazed front window, storage heater, TV point.
Kitchen
3.35m x 2.01m (11' x 6'7" )With wall and base units, worksurface with stainless steel single drainer sink, space for washing machine, Upvc double glazed rear window.
Bathroom
2.29m x 1.47m (7'6" x 4'10")Having bath, wc, wash hand basin, Upvc double glazed window.
Outgoings and Potential Income.
Units 1 & 2 - Rateable Value £4,250
Unit 7 - Rateable Value £1,975
Unit 4 - Rateable Value £ 2,750
Unit 3 - Rateable Value £2,375
Rents - Units 3 and the Kiosk are currently rented with a combined rent of £380 per calendar month.
The remaining retail units are currently vacant or owner used with the previous combined rent being £960 per calendar month.
The 3 Flats are all let with a combined rent of £1168 per calendar month.
Local Authority
All 3 flats are rated as Council Tax Band A payable to Local Authority: East Lindsey District Council, The Hub, Mareham Road, Horncastle, Lincs, LN9 6PH. Tel: 01507 601111.
Energy Performance Certificate
The property has an energy rating of __. The full report is available from the agents or by visiting www.gov.uk/findenergycertificate Reference Number: ____.
Viewing
Viewing is strictly by appointment with the Skegness office at the address shown below.
Directions
The Franklin Centre is situated in the centre of Spilsby town on the High Street overlooking the market place.
What 3 Words
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Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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