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Retail Property (high street) for sale

Butchery Court, Off Clasketgate, Lincoln, Lincolnshire

Sold STC £300,000
3,787 sq. ft.

Property Description

Commercial information

  • 3,787 sq ft (351 sq m)
  • Use class orders: A4 Drinking Establishments

Full description

Substantial three storey property - City Centre location - Two let bars to ground floor generating £30,000 per annum - Vacant store area to second floor - Lapsed planning consent for construction of two additional storeys to create residential apartments

Description - A substantial three storey property in the heart of Lincoln City Centre with good pedestrian access from both Clasketgate and Silver Street. The property currently comprises two let bars to the ground and first floors generating £30,000 per annum and a vacant storage area on the second floor. Historically the property had full planning permission (City of Lincoln Council planning ref 2005/0705F) for the construction of two additional storeys to facilitate conversion of the building to 10 apartments or retention of the bars with six apartments on the second, third and fourth floors, however the consent has now lapsed.

Location - The property is located in Butchery Court off Clasketgate.

Directions - Travel east along Clasketgate across the High Street and Butchery Court can be found on the right hand side opposite the Theatre Royal.

Accommodation - The ground floor is let as the Rock Haven bar and extends to approximately 1,485 sq ft (138 sq m) GEA. There is a fire escape to the eastern side with a right of access through the adjoining property to the east.
The first floor is let as the Atmosphere bar and extends to approximately 1,151 sq ft (107 sq m) GEA.
The second floor is vacant and provides storage and extends to approximately 1,151 sq ft (107 sq m) GEA.

Services - We understand that the property has mains water, electricity, gas and draininage connections.

Town & Country Planning - We understand that the property has planning consent for use as public houses and ancillary storage within Class A4 of the Town and Country Planning (Use Classes) Order 1987 (as amended). The property would however suit redevelopment or a variety of alternative uses subject to gaining the necessary planning consent. Interested parties should make their own enquiries to City of Lincoln Council Planning Department on 01522 881188.

Tenure & Possession - Freehold subject to the following leases:
1.Ground floor. 15 year lease. Commenced 30 September 2002. £15,000 per annum.
2.First floor. 15 year lease. Commenced 30 September 2002. £15,000 per annum.

Energy Performance Asset Rating - The vendor has appointed an energy assessor to provide an energy performance certificate and recommendation report which will be made available within the legal pack in due course.

Vat - All prices expressed in these particulars are exclusive of VAT where payable. Further information is available within the legal pack.

Viewing - Strictly by appointment with the Auctioneers. Tel: 01522 504360

Completion Date - This lot will be sold with a 10% deposit and up to 4 weeks for completion.

Plans - The attached plans are for identification purposes only and do not constitute any part of contract. They are not to scale.

Solicitors -

Agent - Andrew France BSc (Hons) MRICS. Tel: 01522 504360

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