Retail/Shop for sale Spilsby PE23 4JJ,80586sq ft

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Retail/Shop

Retail/Shop For Sale Spilsby

PROPERTY ID: 124363

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

80,586 sq.ft

Key Features

Existing drive thru restaurant with additional land

High-profile location on the northern side of Partney Pumps junction

Property Details

The site sits in a high-profile location on the northern side of the Partney Pumps Roundabout junction, with the east bound carriageway of the A158 from Horncastle, forming its southern boundary and the A16 heading north towards Louth, its eastern boundary. The A158 forms the main and busiest coastal road from Lincoln to Skegness and the other East Lincolnshire coastal resorts, such as Ingoldmells and Mablethorpe, whilst the A16 is one of the major trunk roads running north to south within the eastern half of the county, linking Grimsby and Boston. Louth is located around 20 miles to the north via the A16, Boston around 35 miles to the south, also via the A16, Horncastle around 10 miles to the west and Skegness, a similar distance to the east. Lincoln is situated around 35 miles to the west. The Department of Transport highway data for the last available year in 2021 (so during Covid Pandemic, when travelling was still restricted during periods) shows around 15,650 vehicular trips per day along these two roads and across this roundabout. In 2019, (so the year before the Pandemic), passing vehicular numbers in the same locations were in excess of 17,000 per day, with these numbers increasing significantly during the summer months when visitors to the Coast will use this route to travel to and from these resorts. The existing Spar convenience store and petrol filling station on the eastern side of the roundabout trades very well, with vehicles regularly queuing onto the public highway in order to access the facilities offered by the station. Apart from this facility, there are limited competing roadside/drive-thru/pfs outlets found nearby on these busy routes.

The Property Comprises A New Purpose-built Drive Through Restaurant Unit, With Associated Drive Through Lanes And Car Parking, Together With Additional Land Suitable For Further Roadside/pfs/drive Thru Development In A Very Busy Location On Partney Pumps Roundabout Near Spilsby. The Broadly Rectangular Shaped Site Is Situated In An Easily Accessible Location At The Junction Of The A158/a16 Heading Northwards, A Location Which The Government Highway Authority Website Indicates Enjoyed Over 17,000 Passing Vehicles Per Day (last Pre-covid Year In 2019). Vehicular Access Into The Site Is Off The A158, Which Is Shared With The Adjacent Landowner, Who Operate A Farm Shop And Garden Centre, And The Site Benefits From A Long Frontage Extending To About 150 Metres (491 Feet) Running Northwards Along The A16. As Referred To Above, Access Into The Site Is Taken Off The A158 With A Tarmac Roadway Into A Landscaped And Gravelled Parking Area. The Existing Drive Thru Unit Has Recently Been Constructed And This Building Together With The Associated Drive Through Lanes And Parking, Sit To The Northern End Of The Site, Leaving The Southern End Extending To Circa 0.40 Hectares (1 Acre) For Additional New Build Roadside Development. Particularly For The Delivery Of New Ev Charging Due To The Limited Availability Of Facilities In Lincolnshire Generally. There Would Also Be The Potential For Relocating Some Of The Existing Car Parking Laid Out For The Drive Thru Unit Onto The Cleared Site To The North Of The Existing Drive Thru Unit, In Order To Extend The Area Available For Future Development.

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About the Agent

Eddisons; Lincoln

See Agent's Other Properties

Retail Unit

POA

Sausthorpe Road, Spilsby, PE23 4JJ

Retail/Shop - Available
80,586 sq ft
7,487 sqm

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