From
£190,000
Property for saleDrummond Road, Skegness PE25
About this property
To be offered on Wednesday 25th
February
Freehold Mixed Use Investment
Comprising 2 x Shops, a 3 bedroom maisonette and a building to the rear
Well located in the popular seaside resort of Skegness
Was owner occupied and to provide asset management opportunities
VAT is not applicable
Investment let at £5,640 p.a. Plus a vacant Shop and maisonette
Auction Sale - 24/02/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Freehold Mixed Use Investment of 2 x shops with a 3 bedroom maisonette above part let at £5,220 p.a. Plus a vacant shop and maisonette
Description
The property comprises two self-contained ground floor shops and a three bedroom maisonette above.
The maisonette is accessed from the side passage.
To the rear is a garden and store.
Location
Skegness is a popular retail centre and seaside resort serving an extensive catchment population, which increases substantially in the summer months due to the influx of holiday-makers.
Lincoln is some 40 miles to the west, Grimsby some 37 miles to the north, and the A52 connects to Boston some 22 miles to the south
Transport
Road - The town is located at the junction of the A52 Boston to Mablethorpe road with the A138 from Lincoln
Rail - Skegness Rail Station provides regular services to Nottingham with a journey time of approximately 2 hours
Tenancy
109 Drummond Road - Vacant
111 Drummond Road - Let on a lease to Copystat on a lease expiring October 2029 at a rent of £5,640 per annum
First and Second Floor Maisonette - Vacant
Accommodation
Ground Floor Shop (109) - 32 sq m (345 sq ft)
Ground Floor Shop (111) - 31.92 sq m (344 sq ft)
First and Second Floor Maisonette - 94 sq m (1,012 sq ft)
Rear Outbuilding - 28.80 sq m (310 sq ft)
Total - 186.72 sq m (2,011 sq ft)
Mortgage calculator
£950 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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