Guide price
£35,000
Retail premises for sale87 & 89 Roman Bank, Skegness PE25
Just added
Auction
Freehold
About this property
For sale by auction on Monday, 10 Aug 2026 at 13:00
Venue: Regional Online
A double-fronted freehold investment property occupying a prominent position in the centre of the busy seaside town of Skegness. The property benefits from being located within an established commercial area, with a range of local businesses, public transport links and town-centre amenities nearby.
The accommodation is arranged over three floors and comprises a ground-floor Polish Mini Market together with the freehold interest in the lower ground floor, first-floor and second-floor apartments, all of which are held on long leasehold interests of 999 years from 2005 for and 2008.
The shop is let to a long-standing tenant on a 10-year lease from 11 March 2024 at a current rent of £150 per week (£7,800 per annum). We are advised that, at the time of preparing these details, there are no rent arrears.
In addition, the three residential flats generate a combined ground rent income of £30 per annum, together with management charge income.
Ground Floor Sales Shop 87-89 Roman Bank
The ground-floor retail unit extends to approximately 70.95 sq m (763 sq ft).
First Floor Flat 87 Roman Bank
999 years from 30th March 2005
Second Floor - Flat 89A Roman Bank
999 years from 30th March 2005
Basement Flat - 87 A Roman Bank
999 years from 15th January 2008
Material Information
Tenure:
The property is freehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
Council Tax:
The property falls within East Lindsey Council.
Possession:
Subject to existing tenancy agreements.
Viewing:
Strictly by appointment with Auction House.
Services:
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. Nb: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. Information relating to Phone & Broadband can be found by visiting Ofcom. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them. Any potential rental incomes are approximate based on Rightmove data at the time of preparing the details and bidders are advised to check with a local agent for an accurate valuation.
Additional Fees
Buyers Premium: £3600 inc VAT payable on exchange of contracts.
Administration Charge - £3600 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Regional Online
A double-fronted freehold investment property occupying a prominent position in the centre of the busy seaside town of Skegness. The property benefits from being located within an established commercial area, with a range of local businesses, public transport links and town-centre amenities nearby.
The accommodation is arranged over three floors and comprises a ground-floor Polish Mini Market together with the freehold interest in the lower ground floor, first-floor and second-floor apartments, all of which are held on long leasehold interests of 999 years from 2005 for and 2008.
The shop is let to a long-standing tenant on a 10-year lease from 11 March 2024 at a current rent of £150 per week (£7,800 per annum). We are advised that, at the time of preparing these details, there are no rent arrears.
In addition, the three residential flats generate a combined ground rent income of £30 per annum, together with management charge income.
Ground Floor Sales Shop 87-89 Roman Bank
The ground-floor retail unit extends to approximately 70.95 sq m (763 sq ft).
First Floor Flat 87 Roman Bank
999 years from 30th March 2005
Second Floor - Flat 89A Roman Bank
999 years from 30th March 2005
Basement Flat - 87 A Roman Bank
999 years from 15th January 2008
Material Information
Tenure:
The property is freehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
Council Tax:
The property falls within East Lindsey Council.
Possession:
Subject to existing tenancy agreements.
Viewing:
Strictly by appointment with Auction House.
Services:
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. Nb: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. Information relating to Phone & Broadband can be found by visiting Ofcom. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them. Any potential rental incomes are approximate based on Rightmove data at the time of preparing the details and bidders are advised to check with a local agent for an accurate valuation.
Additional Fees
Buyers Premium: £3600 inc VAT payable on exchange of contracts.
Administration Charge - £3600 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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