Investment, 128 High Street, Lincoln, Lincolnshire, LN5 7PJ
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
- USE CLASSUse class orders: A1 Shops and C3 Dwelling Houses
A1, C3
Key features
- EPC Rating - D
- Investment Property For Sale
- Generating an Income of £12,000 per annum
Description
The property is located on the southern fringe of Lincoln City Centre, within a busy commercial district. When leaving the City Centre, the property can be identified on High Street, on the right hand side.
The Cathedral City of Lincoln is a vibrant University City, famous for its Cathedral and Castle and having a population of circa. 100,000 residents and a much wider catchment given the surrounding villages and towns.
Description
Investment Property For Sale - This substantial Freehold City Centre Property is being offered for sale as an investment property being fully let under the terms of a Full Repairing & Insuring Lease and generating an income of £12,000 per annum. The property comprises a ground floor retail unit, with living accommodation at first and second floor level, all let to a single Tenant.
Services
Mains drainage, gas, electricity and water are understood to be connected.
EPC Rating - D
Tenure
The property is held under the terms of a Full Repairing & Insuring Lease for a term of 21 years commencing 26th August 2008. The Lease, therefore, expires on 25th August 2029. The current passing rent is £12,000 per annum. Further details are available on request.
Rates
Council Tax Band - A
Rateable Value - £5,200
Small Business Multiplier (2023/2024) 49.9p in the £.
The property may qualify for small business rates relief.
It may be possible to obtain Small Business Rates Relief, depending on individual circumstances.
VAT
To be confirmed.
Viewing
By prior appointment with Mundys Commercial
Energy Performance Certificates
EPCBrochures
Investment, 128 High Street, Lincoln, Lincolnshire, LN5 7PJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lincoln Central Station0.2 miles
- Hykeham Station3.1 miles
About Mundys Commercial, Lincoln
29 Silver Street, Lincoln, LN2 1AS
Notes
Disclaimer - Property reference 128highstreet. 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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