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Prince George Street, Skegness, Lincolnshire, PE25 - Image 1
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Prince George Street, Skegness, Lincolnshire, PE25 - Image 3
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Prince George Street, Skegness, Lincolnshire, PE25

East of England

£195,000
Listed on 09/12/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
662 sqft

Description

Available for freehold sale, this two-storey commercial distillery is located in the heart of Skegness, just 500 yards from the beach. This traditional building features essential upgrades including heating, glazing, and security measures like shutters, making it a viable investment opportunity for a business-minded individual. The property includes a bar, shop, and venue space that currently operates as a distillery producing both contract and proprietary spirits such as gin, rum, and vodka. The layout consists of approximately 1,424 sqft across two floors with potential to convert the first floor into an owner’s flat. With established planning permission as a distillery, bar, and retail outlet already in place, you can easily leverage its existing structure while considering further enhancements or expansions. Located near Skegness's prime retail area and major tourist attractions frequented by millions each year, this property holds significant potential in catering to the coastal crowd through various hospitality offerings. Furthermore, with comprehensive equipment included in the sale and top health ratings achieved by the business, there is a strong foundation for continued success. This 'turnkey' opportunity allows for immediate operation while still offering room for creative renovations to enhance profitability.

Investment Analysis

(PE25 area)

Above Market Value

This property is priced +44.7% above area average per sq ft

+44.7%
This Property
£295/sq ft
Area Average
£204/sq ft
Avg Rent (weekly)
£141
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£148,262
10% above area average per sq ft
Potential ROI
-39.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE25)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -3.9%
5 year growth: 14.5%
Investment Disclaimer: Analysis based on PE25 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Prince George Street, Skegness, Lincolnshire, PE25
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£714
Based on a loan of £146,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE