Office for sale in 10, 12 And The Lodge, Algitha Road, Skegness PE25
£450,000 (£96.28/sq. ft)
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The property comprises detached and semi-detached period office buildings fronting Algitha Road with a further two storey Lodge positioned in a car park to the rear accessed off Ida Road.
The two front buildings provide offices, staff and WC facilities over two floors with loft file storage in one building and a further office in the eaves of the other. The offices are generally finished with carpeted floors, painted plastered walls and ceilings with mounted lighting and gas central heating served radiators.
The rear Lodge is of more modern construction providing largely open plan offices over two floors with allocated staff and WC facilities.
Forecourt car parking is provided off Algitha Road with additional ample spaces within the rear car park.
The site totals about 0.15 hectares (0.38 acres).
The property occupies a prominent position fronting Algitha Road a short distance from its junction with Lumley Road in Skegness Town Centre.
Algitha Road is an attractive tree lined avenue with neighbouring properties being occupied by professional offices, complementary commercial uses and residential abodes.
Skegness itself is a popular seaside resort with a resident population of 19,579 (2011 Census), rising considerably during the summer months with the influx of tourist and holidaymakers.
It is located approximately 40 miles east of Lincoln and 50 miles north east of Peterborough.
We are advised by the Local Planning Authority that the buildings have consent for uses within Class B1 (Offices) of the Town and Country Planning (Use Classes) Order 1987 (as amended).
We perceive that the buildings have potential for alternative use, subject to receipt of necessary planning consent.
Interested parties are advised to make their own investigations to the Local Planning Authority.
The property is available for sale freehold, subject to the following occupational leases:
10 Algitha Road is let for a term of years expiring on 19 October 2021 with a mutual break clause on 1 November 2019 at £20,000 pax
12 Algitha Road is let for a term of years expiring on 19 October 2021 at £15,000 pax
The Lodge is let for a term of years expiring on 19 June 2022 at £10,000 pax
The leases are all drafted on Full Repairing and Insuring terms outside of the Landlord and Tenant Act 1954. Credit reports are available for each of the tenants.
Oieo £450,000 = 9.57% niy (after acquisition costs).
The property may be elected for VAT. It is proposed to treat the sale of this property as a togc.
To view the premises and for any additional information please contact the sole agents.
Norwich International Airport
Robin Hood Airport
West Lynn Ferry Landing
King's Lynn Ferry Landing
Hull Ferry Terminal
View all schools in East Lindsey
Skegness Infant Academy
Skegness Junior Academy
The Richmond School, Skegness
Linkage Community Trust
Bridge House Independent School
Skegness Grammar School
John Spendluffe Foundation Technology College
Note: Distance is shown as a straight line measurement
Local info for East Lindsey
About the neighbours in PE25
* Sizes listed are approximate. Please contact the agent to confirm actual size.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Banks Long & Co, and do not constitute property particulars. Please contact Banks Long & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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