Seaside Hub Cherry Park, South Road, Chapel St. Leonards
£465,000
For Sale
1/11
£465,000
For Sale
Get in touch
Bunty Blanshard
Commercial Sales Negotiator
03301280939
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Property summary
For SaleMixed use commercial investment Fish & Chip ShopSite Agents office General Store Cafe/ Restaurant Leases in place Existing rental £35,000 pax Potential Rental income £45000 pax Get in touch
Bunty Blanshard
Commercial Sales Negotiator
03301280939
More about the property
An excellent opportunity to acquire this mixed use commercial investment property generating an income of £35,000 pax (potential for £45,000 pax) The investment is split into 4 units comprising a fish and chip shop, a site office, general store and cafe/ restaurant .
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Location
The property is located close to the centre of the village and is surrounded by Caravan Parks and Leisure facilities. Chapel St. Leonards is a seaside resort village
and civil parish in the East Lindsey district
of Lincolnshire. It is situated 5 miles
(8 km) north from the resort of Skegness and
just north of Ingoldmells. It also lies right next to
the North Sea.
The village is a location for caravan park holidays
as well as campsites, and is next to several miles of beach, and close
to Fantasy Island, market towns,
and the Lincolnshire Wolds.A landmark is Chapel Point, 1 mile (1.6 km) north from
the centre of the village. It has a restored part of a major Second World
War coastal defence line retaining the viewing platform. The
adjacent North Sea Observatory, a visitors' centre providing a facility
for year-round use, was constructed between 2016 and 2018. In recent years
Chapel Point has become a location for birdwatchers,
being visited by migrating birds such as the Mediterranean gull.
The property is located close to the centre of the village and is surrounded by Caravan Parks and Leisure facilities. Chapel St. Leonards is a seaside resort village
and civil parish in the East Lindsey district
of Lincolnshire. It is situated 5 miles
(8 km) north from the resort of Skegness and
just north of Ingoldmells. It also lies right next to
the North Sea.
The village is a location for caravan park holidays
as well as campsites, and is next to several miles of beach, and close
to Fantasy Island, market towns,
and the Lincolnshire Wolds.A landmark is Chapel Point, 1 mile (1.6 km) north from
the centre of the village. It has a restored part of a major Second World
War coastal defence line retaining the viewing platform. The
adjacent North Sea Observatory, a visitors' centre providing a facility
for year-round use, was constructed between 2016 and 2018. In recent years
Chapel Point has become a location for birdwatchers,
being visited by migrating birds such as the Mediterranean gull.
ACCOMMODATION
The property comprises a single storey terrace of commercial units split into 4 and providing an income generating investment property. The property includes The Plaice Fish & Chip Shop, The Cherry Park site office, The Pantry General Store and Little Nans Cafe, Each floor plan is within the brochure
The property comprises a single storey terrace of commercial units split into 4 and providing an income generating investment property. The property includes The Plaice Fish & Chip Shop, The Cherry Park site office, The Pantry General Store and Little Nans Cafe, Each floor plan is within the brochure
PLANNING
The property has established uses of A1, A2, A3,A5 which are now all included with the new planning use class E.
The property has established uses of A1, A2, A3,A5 which are now all included with the new planning use class E.
SERVICES
Mains electricity, water , gas and drainage are connected to the property
Mains electricity, water , gas and drainage are connected to the property
TENURE
The property is offered freehold subject to 4 leases terms. The total rental income is £35,000 pax however the property is under rented and could generate £45,000 pax. Copies of the leases can be made available to seriously interested parties.
The property is offered freehold subject to 4 leases terms. The total rental income is £35,000 pax however the property is under rented and could generate £45,000 pax. Copies of the leases can be made available to seriously interested parties.
RATEABLE VALUE
The property has the following rateable values
Fish & Chip Shop £8700
Cherry Park Office £4350
Pantry £4400
Cafe £6900
The property has the following rateable values
Fish & Chip Shop £8700
Cherry Park Office £4350
Pantry £4400
Cafe £6900
CEPC
CEPCS have been ordered
CEPCS have been ordered
LEGAL COSTS
Each party pay their own legal costs
Each party pay their own legal costs
VAT
The price is exclusive of VAT if applicable
The price is exclusive of VAT if applicable
LOCAL AUTHORITY
East Lindsey District Council
The Hub
Mareham Road
Horncastle
Lincolnshire
LN9 6PH
Tel 01507 601111
East Lindsey District Council
The Hub
Mareham Road
Horncastle
Lincolnshire
LN9 6PH
Tel 01507 601111
VIEWINGS
Contact Pygott & Crone Commercial
Tel 01522 536777
Contact Pygott & Crone Commercial
Tel 01522 536777