A freehold mid-terrace commercial property in a prominent Skegness retail location, comprising a ground-floor shop and first-floor ancillary storage. The property is let to a national charity, with a stated gross yield of 11.9%.

• Ground-floor shop with WC and first-floor ancillary storage
• Approximate total area: 1,104 sq ft (102.56 sq m), including 802 sq ft (74.51 sq m) at ground floor and 302 sq ft (28.06 sq m) on the first floor
• Gross frontage: 21 ft 9 in; built depth: 47 ft 9 in
• Freehold tenure
• Let on a full repairing and insuring lease for five years from 23 August 2024 at £14,300 per annum exclusive
• Tenant break option in August 2028, with a stated £3,575 break penalty payable to the freeholder if exercised
• Tenant did not exercise its August 2026 break clause

The property occupies a main retail thoroughfare in Skegness, within walking distance of the station and seafront. The freehold interest is offered subject to the existing lease, providing rental income; the tenancy terms, including the future break option, should be considered when assessing the investment.