High St | Mablethorpe LN12 1AG
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High St
Mablethorpe LN12 1AG
Book in Hand Indoor Market · Retail Property For Sale
Investment Highlights
- The property abuts the High Street to the front, a short walk from the seafront
- Good level of footfall
- Prominent location
Executive Summary
The property comprises a prominently situated multi-let retail/ leisure investment, with three flats also included within the demise.
The property was formerly built as a hotel, having been repurposed and extended to provide a mix of accommodation, including two restaurants, a public house, various retail units and an indoor market.
The three flats comprise the manager’s flat for the public house and two separate units, which are also let by way of Assured Shorthold
Tenancies.
The property abuts the High Street to the front, a short walk from the seafront.
The property was formerly built as a hotel, having been repurposed and extended to provide a mix of accommodation, including two restaurants, a public house, various retail units and an indoor market.
The three flats comprise the manager’s flat for the public house and two separate units, which are also let by way of Assured Shorthold
Tenancies.
The property abuts the High Street to the front, a short walk from the seafront.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
10,935 SF
Building Class
B
Year Built
1950
Price
£850,000
Price Per SF
£78
Net Initial Yield
9.40%
NOI
£79,900
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.73
Land Acres
0.34 AC
Frontage
44 ft on High Street
Amenities
- Storage Space
1 of 2
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