Commercial Property for sale

94-95 High Street, Lincoln, Lincolnshire, LN5

Sold STC £275,000

Property Description

Key features

  • Rental income of 26,880 per annum.
  • Ground floor retail premises currently used as Hair & Beauty Salon.
  • Four self-contained flats above.
  • OIRO: 275,000

Full description

Tenure: Freehold

The property is located on a prominent corner position on the High Street and Princess Street. The property is a short distance to the south of the pedestrianised City Centre and close to the St Marks Retail Development. There is also access to a variety of services including pharmacy and local supermarket.

The property comprises prominent ground floor retail premises with first and second floor accommodation, currently used as flats.

The retail unit extends to 398 sq ft (37 sq m) net internal area and is currently used as a Hair & Beauty Salon and is let on a three year lease at £6,900 per annum from 2nd September 2015. The lease has a break option after 18 months, subject to 3 months' written notice, determinable by both parties.

All the flats are let on assured tenancies at a combined rental of £1,665 per cumulative month.

94a High Street-1 bedroom
2 Princess Street-2 bedrooms
4 Princess Street-2 bedrooms
6 Princess Street-2 bedrooms

The total existing rent is £26,880 per annum.

More information from this agent

Nearest stations

  • Lincoln Central (0.4 mi)
  • Hykeham (2.9 mi)
  • Saxilby (5.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lambert Smith Hampton, Lincoln

1 Oakwood Road, Lincoln, LN6 3LH

01522 418046 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 (2.9 mi)
  • Saxilby (5.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lambert Smith Hampton, Lincoln

1 Oakwood Road, Lincoln, LN6 3LH

01522 418046 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.

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