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Retail Property (high street) for sale

Claremont Street, Lincoln, LN2

£35,000

Property Description

Key features

  • SALE DUE TO RETIREMENT
  • Newsagent business
  • Popular residential location
  • Business 35,000
  • Rent 10,400 pax
  • EPC Rating D

Full description

Tenure: Leasehold

An excellent opportunity to purchase this newsagents business located in the heart of the Monks Road area of Lincoln. The business is for sale at £35,000, with a rent of £10,400 pax. SALE DUE TO RETIREMENT


DESCRIPTION 
This business is located in the heart of the residential Monks Road area of Lincoln, approx. 10 minutes walk away from Lincoln City Centre and comprises: SHOP - 11.65m x 4.03m REAR KITCHEN - 2.11m x 4.37m REAR LOBBY - 1.70m x 4.89m WC

BUSINESS 
The business has been trading for over 20 years and combines a general store selling food and groceries , newspapers, national lottery and also a large amount of hot food. The business is fully equipped with counters, fridges and a full commercial kitchen. All equipment is included in the price. * Currently over 100 home deliveries * Accounts with College and Lincs FM * Cash account weekly with Siemens * Hospital run daily * Paypoint and Payzone * ATM

EPC 
The property has an Energy Performance rating of D:89. The full EPC and Recommendation Report are available upon request.

SERVICES 
Mains electricity, water, drainage and gas are connected to the property; however all prospective purchasers are advised to check upon the adequacy of these supplies for their own purposes.

LEASE 
A copy of the lease can be provided.

PLANNING 
Contact Lincoln City Council.

STOCK 
Stock will be sold at valuation at the time of purchase.

VAT 
VAT may be charged in addition to the purchase price at the prevailing rate.

VIEWING 
Viewing is strictly by appointment with the sole agents: Tel: 01522 536777 Contact: Jamie Thorpe - jthorpe@pygott-crone.com Rob Waterhouse - rwaterhouse@pygott-crone.com William Downing – wdowning@pygott-crone.com

BUSINESS RATES 
Charging Authority: Lincoln City Council Rateable Value: £4,150 UBR: 0.497 Period: 2017-2018 Small business rates relief may be available subject to council consent. Please contact Lincoln City Council for more information.

ACCOUNTS 
Full accounts can be made available to seriously interested parties.

More information from this agent

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