Summary - 16A, LUMLEY ROAD PE25 3NG
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime town center location on Lumley Road, Skegness
- Three-story mid-terraced retail building
- Long-established A1 now E retail use
- CEPC Rating: C(67)
- Rateable value: £12,750
- Freehold tenure with potential for redevelopment
**Summary:**
This prime retail property located in the heart of Skegness presents an excellent investment opportunity. Spanning three floors, it offers flexible space in a sought-after area with heavy foot traffic, perfect for your retail aspirations. The property boasts a rich Victorian charm, complemented by modern touches such as double glazing and wood flooring in a contemporary open-plan room that awaits your personal decoration.
While the building is structurally solid, it does require some cosmetic updates and maintenance, giving potential buyers the chance to truly make it their own. The immediate surroundings offer a plethora of amenities, including various shops, eateries, and public transport options, enriching the potential for increased footfall and attracting diverse clientele.
Notably, the local area has some crime concerns and is classified as deprived; however, this could signify a high potential for growth and increased rental value. Given the ongoing changes in retail landscapes and the valued space this property represents, it’s an opportunity not to be missed. Act now to secure your foothold in this bustling town center.
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