Property description

Established NEWSAGENTS shop including Fixtures, Fittings & Stock, selling confectionery, gifts, toys, lottery scratchcards and limited groceries etc. The property is situated opposite the bustling FANTASY ISLAND, has an extensive forecourt to the front with provision for forecourt trading.

Situation
Ingoldmells is to be found approximately 4 miles north of Skegness being just off the A52 Skegness to Mablethorpe road. To find the property turn first right after Butlins at the fork and go along the Old Roman Bank before turning left at the traffic lights into Sea Lane next to Fantasy Island and A K News is to be found on the right hand side just a short way down this road.

General Information - 0
The property is Leasehold with a lease having been signed on the 25th April 2012 for 6 years or until the 30th April 2018. Current rent is £19,000 per annum. The user clause for the property is for the retail sale of sweets, tobacco, fashion jewellery, chemist sundries, toys, beach lines, souvenirs, ice creams, newspapers, books and rock, but not the sale of clothing, hot food, leather goods and shoes. Local authority: East Lindsey District Council, Tedder Hall, Manby Park, Louth, Lincs, LN11 8UP. Tel: 01507 601111.

Rateable Value:
£17,750

Payable for 2016/2016
£8,591.00

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They presently sell alcohol, groceries, cigarettes, books, lottery scratch cards, stationary, games, medicines, beauty products, toiletries, gifts, toys, post cards, ice cream, sweets and cards. (Option to sell Full Lottery upon application)

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The Landlord looks after the exterior of the property the tenant looks after the inside.

Viewing Arrangements
Viewing is strictly by appointment with the Skegness Office at the address shown below. View our properties online at: www.willsons-property.co.uk, www.propertylive.co.uk or www.rightmove.co.uk

Description
The main sales area is

- 25\‘ 5\‘\‘ x 28\‘ 0\‘\‘ (7.75m x 8.53m)
At its maximum length, the property was originally 2 separate units.

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The premises has a tiled floor, lighting and good display windows and doors to the front elevation. To the rear of the right hand side of the premises is an:

Office/Stock Room - 4\‘ 8\‘\‘ x 11\‘ 9\‘\‘ (1.43m x 3.57m)
With shelving and CCTV video/dvd recording equipment.

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To the left hand side of the premises is a:

Stock Room - 8\‘ 11\‘\‘ x 8\‘ 0\‘\‘ (2.73m x 2.43m)
With a shelved area with microwave, kettle, telephone, serviced alarm system. Off this is a:

Toilet
with wash hand basin with wall mounted hot water heater.

Exterior:
At the rear of the property is a brick built

Store - 10\‘ 7\‘\‘ x 6\‘ 7\‘\‘ (3.23m x 2.00m)
Which is reached from the side entrance path to the back of the shop, there is also access to the back of the shop if required, this is presently blocked off for security reasons.

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At the front of the property is a concreted forecourt which is approximately

- 32\‘ 7\‘\‘ x 26\‘ 0\‘\‘ (9.93m x 7.92m)
this forecourt offers great potential to maximise income from this large outdoor area. The contents of the shop, there is a CCTV system, 5 or 6 convex mirrors for visibility, a sales counter with an electronic till, cigarette machine with pull down front which is owned by the cigarette company, PIR alarm sensor, ice cream fridge, 2 drinks fridges which are both trade and 2 further drinks fridges plus shelving, racks, display units etc which are included in the shop.

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The tenants also own the front signage to the property and the electric shutters and two portable book stands which go out on the forecourt. The property has a good newspaper business although it does not have a newspaper round. The shop is opened from the first Saturday in March to the 4th of November when it closes. The premises at the moment only opens seasonally, but can be open all year round.

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As this is an assignment of the present lease a letter of application stating the proposed use and acceptance to the rent and other terms on the lease will be required together with the name and address of a solicitor who will be acting for you together with 2 trade references and a bankers reference, this will then be forwarded onto the Landlord before he can consent to the assignment.

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It is also usual for the ingoing tenant to pay the Landlords reasonable costs of transferring the lease.

Property Features :

• Established newsagents shop
• Including fixtures, fittings & stock
• Selling confectionery, gifts, toys, lottery scratchcards & limited groceries etc
• Situated opposite the bustling FANTASY ISLAND
• EXTENSIVE forecourt to the front