1 bedroom retail property (high street) for sale

Portland Street, Lincoln, Lincolnshire, LN5

£110,000

Property Description

Commercial information

  • Use class orders: A1 Shops and C3 Dwelling Houses

Key features

  • Freehold Retail Premises & Flat
  • Investment Opportunity
  • Vacant Possession if Required
  • Total Sales Area of 255 sq.ft (24 sq.m)
  • EPC Rating D/G

Full description

Tenure: Leasehold

Location
The property is located on the corner of Portland Street and Archer Street, close to its junction with Canwick Road (A15).

Description
This Freehold Retail/Residential Property is being offered for sale either for Investment Purposes or, if required, with Vacant Possession. The ground floor Retail Space has, until recently, been let to a small business for many years and briefly comprises; Two Retail Areas with frontage onto Portland Street, together with Kitchen and WC Facilities to the rear. The separate Living Accommodation is accessed from the rear and briefly comprises; Utility/Boot Room at ground floor level with staircase leading to Living Room, Kitchen, Bathroom/WC and One Bedroom.

Accommodation
The ground floor accommodation comprises; Two Open-Plan Retail Areas, which provide for a total sales area of 255 sq.ft (24 sq.m). In addition, to the rear is a Kitchen and WC area.

The first floor living accommodation has separate access from a rear courtyard and comprises a ground floor Utility Room/Boot Room, a first floor Living Room with separate Kitchen, Bedroom and a Bathroom/WC Combined. The property is well-presented having the benefit of uPVC double glazing throughout and considered suitable for investment purposes or alternatively for owner occupation.

Services
Mains drainage, water and electricity are connected. The ground and first floor accommodation currently share an electricity supply, but are otherwise self-contained.

EPC Rating
Ground Floor Non-Domestic EPC Rating - D
First Floor Domestic Rating - G

Tenure
The property is available on a Freehold basis and with Vacant Possession if required. Alternatively, the first floor living accommodation is currently let under the terms of an Assured Shorthold Tenancy, which can continue if the Purchaser does not require possession of the living accommodation. The first floor living accommodation currently generates an annual income of circa. 4,500 per annum (water rates included), although we are of the opinion that the whole property could potentially generate an income of approximately 11,000 per annum.

Business Rates
Rateable Value - 6,000
Council Tax Band A.

Viewing
Via Mundys Commercial - 01522 556088.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Lincoln Central (0.2 mi)
  • Hykeham (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Mundys Commercial, Lincoln

29 Silver Street, Lincoln, LN2 1AS

01522 418084 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Mundys Commercial, Lincoln

29 Silver Street, Lincoln, LN2 1AS

01522 418084 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Lincoln Central (0.2 mi)
  • Hykeham (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Mundys Commercial, Lincoln

29 Silver Street, Lincoln, LN2 1AS

01522 418084 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 134PortlandSt. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mundys Commercial, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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