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Mixed Use for sale

Steep Hill, Lincoln, Lincolnshire, LN2

Under Offer 906 sq. ft. | £300,000

Property Description

Commercial information

  • 906 sq ft (84 sq m)
  • Use class orders: A1 Shops and C3 Dwelling Houses

Key features

  • Freehold Investment Opportunity
  • Income producing
  • City Centre location

Full description

The property comprises a ground floor retail unit, with a two bedroom self-contained flat over, with a number of original period features.

There is also a single garage located on Danesgate which our client currently rents on a long lease from the City of Lincoln Council, edged in blue on the OS Plan, for identification purposes only.

No. 61 is located at the lower end of Steep Hill, close to the top of Lincoln's High Street. Nearby occupiers include Patisserie Valerie, Agatha, Pizza Express and a number of specialist independent retailers.

TENURE
The property is available freehold subject to an existing lease.

The ground floor retail area and store has been let on a Full Repairing and Insuring lease for a term of 3 years, from 13 June 2016.

The flat has been let on an Assured Shorthold Tenancy, for a term of 1 year from 29 August 2016.

The garage is held on a 99 year lease from 29 September 1956, at a rent of 10 per annum.

Further information regarding rental income is available upon request.

To view the premises and for any additional information please contact the sole agents.


More information from this agent

Map & Street View

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