Summary - FRANKLIN CENTRE, 21, HIGH STREET PE23 5JH
1 bed 1 bath Retail Property (high street)
Mixed retail and flats offering hands-on investor potential in town centre.
Freehold mixed-use building with 4 retail units and 3 one-bedroom flats
Central High Street location in popular market town, strong footfall potential
Total internal area around 1,000 sq ft; small plot footprint
Will be sold at auction via secure online bidding; terms apply
Property not inspected; tenure and rental details not provided
Likely requires cosmetic refurbishment and routine maintenance works
No flood risk; mobile signal excellent but broadband speeds average
Average local crime; nearby schools rated Good, wide local amenities
This mixed-use freehold in Spilsby presents a compact high-street investment with clear rental potential. The Franklin Centre comprises four street-level retail units plus three one-bedroom flats across three floors, arranged off a central passage in the busy town centre close to local amenities and good schools. The total internal area is around 1,000 sq ft, and the property will be offered at auction with online bidding and standard sale terms.
Strengths include a central market-town position on High Street, a mix of income streams from retail and residential, and no identified flood risk. Mobile signal is excellent and the immediate area supports a wide range of shops, services and eateries, which helps tenant demand. The freehold sale and relatively compact size may suit investors seeking a hands-on, small-portfolio addition.
Buyers should note material information: the property has not been inspected, tenure and detailed tenancy/earnings information are not provided, and it will be sold at auction under secure online bidding terms. The plot is small and the premises appear to need routine maintenance and possible cosmetic refurbishment to maximise rental value. Broadband speeds are average and crime levels are typical for a small town.
This is a straightforward opportunity for an investor or owner-occupier willing to accept auction sale conditions, carry out on-site inspection and clarify tenancy details. Clear scope exists to increase value through lease re-gearing, consolidation or light refurbishment, but budget and due diligence are essential before bidding.
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