retail betting office investment 101 lumley road skegness lincolnshire ...
RETAIL BETTING OFFICE INVESTMENT 217.30sq m (2,340 sq ft)
101 LUMLEY ROAD SKEGNESS LINCOLNSHIRE PE25 3LZ SITE PLAN
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FOR SALE
© Tele Atlas NV/Crown Copyright; Reproduced by Permission of Tele Atlas NV
LOCATION PLAN
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Prime retail investment located in busy East Coastfile) seaside resort (insert/photo/from Let on a FRI lease with just over 9 years unexpired without a break Entire property let to Coral Estates Limited (guaranteed by Coral Racing Ltd) at a rent of £32,570 Price - £450,000 reflecting net yield of 6.90%
LOCATION
PRICE
The property is located in a prime location at the eastern end of Lumley Road, the prime retailing pitch within the popular Lincolnshire coastal town of Skegness, close to Beales department store and The Hildreds Shopping Centre.
Offers around £450,000 – reflecting a net yield after standard acquisition costs of 6.90%
Skegness is the County of Lincolnshire’s largest resort town with a resident population of circa 19,000, a catchment of 100,000 and attracts close to 2.5 million visitors a year. The town is located about 43 miles to the east of Lincoln, 23 miles north of Boston and 38 miles south of Grimsby.
PROPERTY A two storey mid terraced retail unit fronting Lumley Road comprising of a ground floor retail unit and self-contained first floor tattoo studio.
ACCOMMODATION Ground floor NIA: First Floor NIA: Total NIA:
114.80 sq m 102.50 sq m 217.30 sq m
VAT The property is elected for VAT. The vendors are willing to proceed with a sale by way of a TOGC.
VIEWING To view the premises and for any additional information please contact the sole agents.
Contact: Tel: Email:
James Butcher or Harriet Hatcher 01522 544515 [email protected] [email protected]
Ref:
JRB/EC/8392/A15
(1,236 sq ft) (1,104 sq ft) (2,340 sq ft)
TENURE th
The entire property is let on a 15 year lease wef 24 June 2009, to Coral Estates Limited (guaranteed by Coral Racing Limited). The current passing rent is £32,570 pax. The upper floor is sublet to Mark Millett and A Horne on a 9 th year lease wef 12 March 2009.
COVENANT The property is let to Coral Estates Limited, with a guarantee for the full term of the lease from Coral Racing Limited. Company
2013 (000s)
2012 (000s)
2011 (000s)
Coral Racing Ltd
T/O 628,179 PTP 81,627 NW 93,510 T/O 27,797 PTP 476 NW 2,364
T/O 603,447 PTP – N/A NW 61,039 T/O 42,274 PTP – N/A NW 1,555
T/O 550,769 PTP – 40,154 NW 32,069 T/O 43,217 PTP 2,093 NW 1,895
Coral Estates Ltd
Current Equifax Credit Score A Excellent
E below average/ poor
INSERT ENERGY PERFORMANCE CERTIFICATE
101 LUMLEY ROAD SKEGNESS LINCOLNSHIRE PE25 3LZ SITE PLAN
INSERT PHOTO HERE Please do not remove this text box. Plans and maps should be inserted within a text box to successfully and efficiently create a PDF of the brochure.
INSERT PHOTO HERE – Please do not remove this text box. Photographs should be inserted within a text box to successfully and efficiently create a PDF of the brochure.
FOR SALE
© Tele Atlas NV/Crown Copyright; Reproduced by Permission of Tele Atlas NV
LOCATION PLAN
Please do not remove this text box. Plans and maps should be inserted within a
Prime retail investment located in busy East Coastfile) seaside resort (insert/photo/from Let on a FRI lease with just over 9 years unexpired without a break Entire property let to Coral Estates Limited (guaranteed by Coral Racing Ltd) at a rent of £32,570 Price - £450,000 reflecting net yield of 6.90%
LOCATION
PRICE
The property is located in a prime location at the eastern end of Lumley Road, the prime retailing pitch within the popular Lincolnshire coastal town of Skegness, close to Beales department store and The Hildreds Shopping Centre.
Offers around £450,000 – reflecting a net yield after standard acquisition costs of 6.90%
Skegness is the County of Lincolnshire’s largest resort town with a resident population of circa 19,000, a catchment of 100,000 and attracts close to 2.5 million visitors a year. The town is located about 43 miles to the east of Lincoln, 23 miles north of Boston and 38 miles south of Grimsby.
PROPERTY A two storey mid terraced retail unit fronting Lumley Road comprising of a ground floor retail unit and self-contained first floor tattoo studio.
ACCOMMODATION Ground floor NIA: First Floor NIA: Total NIA:
114.80 sq m 102.50 sq m 217.30 sq m
VAT The property is elected for VAT. The vendors are willing to proceed with a sale by way of a TOGC.
VIEWING To view the premises and for any additional information please contact the sole agents.
Contact: Tel: Email:
James Butcher or Harriet Hatcher 01522 544515 [email protected] [email protected]
Ref:
JRB/EC/8392/A15
(1,236 sq ft) (1,104 sq ft) (2,340 sq ft)
TENURE th
The entire property is let on a 15 year lease wef 24 June 2009, to Coral Estates Limited (guaranteed by Coral Racing Limited). The current passing rent is £32,570 pax. The upper floor is sublet to Mark Millett and A Horne on a 9 th year lease wef 12 March 2009.
COVENANT The property is let to Coral Estates Limited, with a guarantee for the full term of the lease from Coral Racing Limited. Company
2013 (000s)
2012 (000s)
2011 (000s)
Coral Racing Ltd
T/O 628,179 PTP 81,627 NW 93,510 T/O 27,797 PTP 476 NW 2,364
T/O 603,447 PTP – N/A NW 61,039 T/O 42,274 PTP – N/A NW 1,555
T/O 550,769 PTP – 40,154 NW 32,069 T/O 43,217 PTP 2,093 NW 1,895
Coral Estates Ltd
Current Equifax Credit Score A Excellent
E below average/ poor
INSERT ENERGY PERFORMANCE CERTIFICATE
