Get brand editions for King & Co, Lincoln

Commercial Property for sale

Bailgate, Lincoln, Lincolnshire, LN1

Under Offer £325,000

Property Description

Key features

  • Commercial investment
  • Situated in the uphill conservation area of the city
  • Retail unit with upper floors
  • Currently let for 15 years from 2010

Full description

THE PREMISES
The premises consist of a retail unit together with two upper floors which are currently let on a single lease at a rental of 12,000 per annum exclusive. There is a rent review outstanding on the property and the lease which was granted in 2010 is for a fifteen year term on and FRI basis. A copy of the lease is held at the office and is available to bona fide interested parties

THE PROPERTY
The property is a Grade II Listed building and is situated within the No1 Conservation Area of the City.

The accommodation of the property is arranged on four floors with a basement having storage area of 7.4m, the retail premises on the fround floor have a Zone A of 29m and Zone B of 13.31m. In addition to this there is a small kitchen area together with storage of 31.9m in total.
The first and second floors of the property have been converted into residential accommodation.

PERMITTED USER
The retail unit has permission with the use classes of A1 with residential accommodation to the first floor.

TENURE
The premises are subject to the lease as mentioned above. The EPC rating is F131.

VIEWING
Strictly by prior appointment through the Agents office.

PURCHASE PRICE
Offers in the region of 325,000 subject to the lease as mentioned above.

Nearest stations

  • Lincoln Central (0.7 mi)
  • Hykeham (3.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

King & Co, Lincoln

33 Silver Street Lincoln LN2 1EW

03339 873663 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 (0.7 mi)
  • Hykeham (3.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

King & Co, Lincoln

33 Silver Street Lincoln LN2 1EW

03339 873663 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 3536bailgate. 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 King & Co, 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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