Office for sale in 10, 12 And The Lodge, Algitha Road, Skegness PE25

Offers over £450,000 (£96.28/sq. ft)
4,674 sq. ft*
Interested in this property? Call +44 1522 397760 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

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.


Town and country planning


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.


Tenure


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.


Price


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.


Viewing


To view the premises and for any additional information please contact the sole agents.

Property info

Nearby transport

  • Skegness (0.2 miles)
  • Havenhouse (3.4 miles)
  • Wainfleet (5.1 miles)
  • Humberside Airport (41.1 miles)
  • Norwich International Airport (51.2 miles)
  • Robin Hood Airport (60.0 miles)
  • West Lynn Ferry Landing (26.9 miles)
  • King's Lynn Ferry Landing (27.0 miles)
  • Hull Ferry Terminal (48.5 miles)

Nearby schools

View all schools in East Lindsey
  • Skegness Infant Academy (0.3 miles)
  • Skegness Junior Academy (0.3 miles)
  • The Richmond School, Skegness (0.4 miles)
  • Linkage Community Trust (10.7 miles)
  • Boston College (18.8 miles)
  • Bridge House Independent School (20.3 miles)
  • Skegness Grammar School (0.4 miles)
  • Skegness Academy (0.6 miles)
  • John Spendluffe Foundation Technology College (10.2 miles)
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.

For more information about this property, please contact
Banks Long & Co, LN1 on +44 1522 397760 * (local rate)

Contact Banks Long & Co about this property

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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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