196-202 Drummond Road, Skegness, Lincolnshire, PE25

An excellent and rare opportunity to acquire the lease on this established Bar & Restaurant within this large attractive Edwardian Styled detached building with a highly successful restaurant and bar on the ground floor. The links Bar & Kitchen is a vibrant dining destination offering a blend of modern cuisine with traditional favourites. The property has been completely stripped back and refurbished inside during the last two years. The two bars have been rebuilt with rewiring, plumbing and plastering throughout. The property has been sound proofed and decorated to a high specification. The Links has a large local clientele in this residential area and a fantastic tourism trade throughout the season.

Location

The property is situated in a mainly residential area approximately 1 mile from the town centre and less than a few hundred yards from the sea and beach. The property is with a few hundred yards of the famous Seacroft Golf Club which was established in 1895. Its a traditional championship links course of the coast and is known as the hidden gem among the top courses of Great Britain & Ireland. The property is also within a mile of the famous Gibraltar Point nature reserve. The town is a popular retail centre and seaside resort serving an extensive catchment population which increases substantially due to staycations. The principal access routes to the town are by the A52 from Boston which is located approximately 22 miles to the south west and the A158 to Lincoln which is approximately 43 miles to the west. The town is also served by a railway station with access to Nottingham.

ACCOMMODATION

The commercial Bar & Restaurant and remaining ground floor is taken up by the commercial areas including the Bar & Restaurant.Ground floor 5095 sqft (473.3 sqm) Including. Entrance Hall, Reception bar, Large Restaurant , Main bar, customer WCs. Kitchen , various stores, preparation areas, Kitchen, Stores and office and fridge/freezer room with flat as referenced above. There is extensive sound proofing for the flats from the ground floor which has a higher rating than Part E of the current building regulations.Outbuilding 22 sqft (2 sqm)OutsideThere is a large beer garden to the rear of the building with lawn and decking area. There is also a sheltered seating area which has lighting and heating. There is a front beer garden also with a grassed area. The Links also benefits from a large car park for up to 30 cars.

PLANNING

The property has an established use as a bar and restaurant with residential accommodation on ground.

SERVICES

All mains services are connected to the property. The Bar & Restaurant has had an updated 3 phase electricity supply installed. There is a new CCTV camera system throughout the pub. A new addressable fire alarm and burglar alarm system have also been installed. There is a newly refurbished and functioning open fire in the restaurant and a log burner in the bar area.

TENURE

The property is offered as a purchase of the commercial, lease and business which includes the restaurant, bar, kitchens including all fixtures and fittings and goodwill of The Links with an attractive lease term at a price of £175,000 plus stock at valuation. The lease is dated the 11th October 2024. The lease is for term of 10 years from 1st July 2023. There is an agreement in place for a further 10 year lease if required. The annual rent is £24,000 pax. The lease is held on a Full Repairing & Insuring lease.

RATEABLE VALUE

The Bar/Restaurant has a rateable value of £17,500.

CEPC

The property has an EPC of B41 for the restaurant.

LEGAL COSTS

Each party are responsible for their own legal costs

VAT

The price is exclusive of VAT if applicable

LOCAL AUTHORITY

East Lindsey District Council The HubMareham RoadHorncastle LN9 6PH Tel

VIEWINGS

Contact Pygott & Crone Commercial 36a Silver Street Lincoln LN2 1EW Tel