77 High Street, Lincoln, Lincolnshire, LN5

Three storey period building situated in an established trading location only a short distance from Lincoln's main retail core with FULL PLANNING PERMISSION (planning ref: 2023/0609/FUL) to extend and facilitate the creation of 5 no. flats and to retain the ground floor retail element. Freehold for sale with vacant possession. 

Location

The property is located in a prominent position on the High Street in a busy mixed-use area only a short walk from Lincoln's main retail core. It is located directly opposite national retailers in a popular area for both investors and renters (students and private).

Overview

The property comprises an attractive period building with FULL PLANNING PERMISSION (planning reference: 2023/0609/FUL) for the creation of 5 no. flats and the retention of the ground floor retail unit. The planning permission includes for an extension to maximise the floor area and has been designed around current tenant demand. The existing accommodation is arranged around a ground floor retail unit with offices and ancillary areas spread over three floors. A link to the full application is included here:

Services

Mains water, electric, gas and drainage are connected to the property. The services or service installations have not been serviced of tested.

Use

We understand that the property has established use as retail with full planning permission as previously mentioned.

Rateable Value

The property has a current Rateable Value of £9,100.

Tenure

The FREEHOLD is for sale with vacant possession.

VAT

We are awaiting confirmation as to whether VAT will be chargeable on the sale price.

Legal Fees

Each party is liable for their own legal costs throughout this transaction.

Viewings

Viewings are strictly by appointment with the sole agents.