Valuable Investment Portfolio, High Street

Victoria Road, Mablethorpe, Lincolnshire LN12 1AL

Guide price  £3,355,000

LOCATION

Mablethorpe is a traditional seaside town in Lincolnshire with a large award winning sandy beach, coastal attractions and seaside amusements. It has a range of all year round facilities including school and conventional retailing. Attractions include a Seal Sanctuary, Aqua Park, cinema and The Dunes entertainment complex.
The coastal facilities of East Lindsey attracts about 4.5 million visitors every year and contributes more than £600 million to
the local economy. These properties are located along High Street and Victoria Road in the centre of Mablethorpe, close to the beach and other town centre facilities.

DESCRIPTION

This portfolio of leisure, residential and retail properties situated in the prime tourist and commercial centre of Mablethorpe is
split into four main buildings.

Spanish City

Spanish City is a purpose built leisure complex immediately adjoining the sea front which includes shops, hot food outlets,
bars and a children’s play barn. It has frontage onto High Street and prominence to the main beach access. There are four
flats located at first floor, along with an office/management suite. The vendor would consider a separate sale of the retail element of this property on the corner of Admiralty Road.

The Louth Hotel

The Louth Hotel was developed in the early part of the 20th century and has at its core a large and popular public house
with manager’s flat above. There are three further flats and five retail units facing onto High Street or Victoria Road. A rear yard
gives access to a former warehouse building, which may offer opportunities for further development.

The Book in Hand

The Book in Hand was built as a hotel but has been developed and extended to provide a mix of accommodation, including two restaurants, a public house, retail units and an indoor market. As well as the manager’s flat for the public house, there are two further residential units.

Victoria Court

Victoria Court is a small courtyard of retail units. The property available here consists of three shops along with ground leases in connection with two flats above. The building was purpose built about 40 years ago and is in a good retail situation. The vendor would consider disposal in two parts.

TENURE

All properties are freehold. A schedule of current tenancies, as at the date of these particulars, is attached.

GUIDE PRICE

This portfolio is available as a whole or in parts.
Spanish City £1,600,000
Louth Hotel £750,000
Book in Hand £850,000
Victoria Court £155,000
Total £3,355,000

VAT

Prices quoted in these particulars are net of VAT. We understand that the vendors have elected to charge VAT.

LEGAL COSTS

Each party to be responsible for their own legal costs.

VIEWINGS

Strictly by appointment with the agents.

PLANS

Plans attached to these particulars are for identification purposes only and do not constitute part of the contract. They are not to scale.

CONTACT

For further information please contact
John Elliott
T: 01522 504304
E: johnelliott@jhwalter.co.uk

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