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Retail Property (high street) for sale

Croft Street, Lincoln, LN2

Guide Price* 2,285 sq. ft. | £160,000

Property Description

Commercial information

  • 2,285 sq ft (212 sq m)

Key features

  • Ground Floor Retail
  • First Floor Ancillary Accommodation
  • Ground Floor - 1345 sq ft
  • First Floor - 640 sq ft
  • Store to the rear - 300 sq ft
  • Business Unaffected
  • EPC Rating D

Full description

Tenure: Freehold

For Sale by Modern method of Auction; Starting Bid Price £160,000 plus Reservation Fee.
An excellent opportunity to purchase the freehold of this detached two-storey property with ground floor retail unit and ancillary accommodation on the first floor, used for the sale of fishing tackle for the last 40 years. This property is for sale by East Midlands Property Auction powered by iam-sold Ltd.


LOCATION 
The property is accessed off Lindum Hill/Broadgate or from Monks Road.

ACCOMMODATION 
The accommodation more particularly comprises:

GROUND FLOOR 

RETAIL AREA 
864 sq ft

REAR RETAIL AREA 
481 sq ft

FIRST FLOOR 

OFFICE 
153 sq ft

KITCHEN 
107 sq ft

STOCK ROOM 
380 sq ft

WC'S - MALE & FEMALE 

OUTSIDE 

STORE 
300 sq ft

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

EPC 
The property has an Energy Performance rating of: D83. The full EPC and Recommendation Report are available upon request.

RATES 
We have been verbally informed by Lincoln City Council that the 2014/15 Rateable Value of the premises is £4,000.

VAT 
The price expressed in these particulars is exclusive of VAT at the appropriate rate.

VIEWING 
Viewing is strictly by appointment with the joint agents: Pygott & Crone Lawrence House 27-29 Clasketgate Lincoln LN2 1JJ Tel: 01522 536777 Contact: Mr William Downing or Mr Jamie Thorpe or Mr Robert Waterhouse Email: wdowning@pygott-crone.com or jthorpe@pygott-crone.com or rwaterhouse@pygott-crone.com

ANTI MONEY LAUNDERING 
The Money Laundering Regulations 2007 has been extended to include estate agency work with the definition of relevant business. Estate agency is as defined in the Estate Agents Act 1979. Auctioneers and estate agents will have to put certain anti-money laundering procedures into place. Failure to do so will be a criminal offence that carries a penalty of a maximum of two years imprisonment, or a fine or both. The principal requirements are identification of clients, record keeping, internal reporting procedures and employee training and awareness.

PHOTO GALLERY 

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AUCTION DETAILS 
This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies (truncated)

More information from this agent

Energy Performance Certificate (EPC) graphs

Nearest stations

  • Lincoln Central (0.4 mi)
  • Hykeham (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pygott & Crone, Auctions

36a Silver Street Lincoln LN2 1EW

01522 418141 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 (0.4 mi)
  • Hykeham (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pygott & Crone, Auctions

36a Silver Street Lincoln LN2 1EW

01522 418141 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 LNC150077. 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 Pygott & Crone, Auctions . 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.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pygott & Crone, Auctions on 01522 812311.


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