Mixed Use for sale

Steep Hill, Lincoln, Lincolnshire, LN2

Offers in Excess of 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

Nearest stations

  • Lincoln Central (0.5 mi)
  • Hykeham (3.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Banks Long & Co Ltd, Lincoln

26 Westgate Lincoln LN1 3BD

01522 418032 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 (0.5 mi)
  • Hykeham (3.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Banks Long & Co Ltd, Lincoln

26 Westgate Lincoln LN1 3BD

01522 418032 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 HH2188a. 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 Banks Long & Co Ltd, 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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