Large central property with redevelopment potential for experienced investors.
Prominent town centre high-street retail unit, freehold
A rare, very large freehold high-street retail unit in central Skegness, offered at auction with a substantial floor area of approximately 769m2 (around 8,280 sq ft). The property occupies a prominent trading position close to transport links, multiple town centre amenities and tourist footfall, and has an EPC rating of C. Its scale and layout suit an investor or operator seeking a single large retail business, leisure conversion, or subdivision into multiple units (subject to consents).
The building was formerly a mini market and amusement arcade and now presents as a refurbishment and redevelopment opportunity. Services and utilities have not been tested; heating is electric room heaters and the walls are solid brick with assumed no insulation. The property will require investment to modernise interiors, upgrade services and meet current trading standards.
Important sale and legal points: the lot is freehold and will be sold at auction (27–28 October 2025). Only the specified title is included — an adjoining title within LL258077 (number 30) is excluded, so please check the legal pack for boundaries and any additional costs. A buyer’s premium of 1.2% including VAT (minimum £1,200) is payable on exchange; purchasers must be ready to complete on auction terms.
This opportunity suits an experienced investor or operator able to accept auction risk, manage renovation works and trade in an area with high local crime rates and very deprived socio-economic indicators. The property benefits from excellent mobile signal and fast broadband, making it adaptable for modern retail, leisure or mixed commercial uses once refurbished.
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