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Investment Highlights

  • Established Newsagent & General Store
  • Rear Store and yard
  • Good trading figures and potential for expansion
  • Adjoining retail shop lets as an investment
  • First and second floor 3 bed maisonette

Executive Summary

Lot 238 is available by way of Savills online auction 24th February 2026
An opportunity to acquire this long established newsagent and general store with spacious first and second floor 3 bedroom maisonette. The property also includes a ground floor retail shop let on a commercial lease.

Property Facts

Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
688 sq ft
Costar Property Class
C
Year Built
1960
Price
£190,000
Price per sq ft
£276.16
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.37
Total Plot Size
0.04 ac
Frontage
16 ft on Drummond Road

Nearby Major Retailers

SPAR
NatWest
Starbucks
Iceland
Barclays
Lloyds Bank
HSBC
Tesco Superstore
Lidl
Morrisons
  • Listing ID: 31780241

  • Date on Market: 13/05/2024

  • Last Updated:

  • Address: 109-111 Drummond Rd, Skegness PE25 3EP

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