Retail Property (high street) for sale

Silver Street, Coningsby, LN4

£375,000

Property Description

Key features

  • Freehold Mixed Use Sale
  • Business and Goodwill Included
  • Retail Shop with Storage
  • 3 Residential Flats (all occupied)
  • Commercial Element - 152 m / 1636 ft
  • Residential Flats ? 108 m / 1162 ft
  • Close to Free Car Park Facilities
  • EPC Ratings - 15a (F(38), 15b C(70), 15c C(69)
  • Prominent Location

Full description

Tenure: Freehold

Retail Shop with Storage and three Residential Flats (all occupied). Commercial Element - 152 m² / 1636 ft². Residential Flats – 108 m² / 1162 ft². Freehold Mixed Use Sale with Business and Goodwill Included.

THE PROPERTY IS SITUATED ADJACENT TO A LARGE FREE CAR PARK.


THE ACCOMMODATION COMPRISES: 

GROUND FLOOR 
Sales Area 127.9 m² / 1376 ft² Toilet Office 7 m² / 75 ft² Upper Store 14.5 m² / 156 ft² Lower Store 3 m² / 32 ft²

FIRST FLOOR 
Two of the flats are accessed by an internal communal area, the other is accessed by an external staircase. The flats are each let out on assured shorthold tenancy agreements producing a combined income of £14,400 PAX at full occupation. Full lease details can be made available on request to any serious parties. At the time of inspection the agent was unable to inspect the internal accommodation. The property benefits from 3 car parking spaces.

15a 
52 m² / 560 ft² Two bedroom

15b 
26 m² / 280 ft² One Bedroom

15c 
30 m² / 323 ft² One Bedroom

BUSINESS & GOODWILL 
The property is to be purchased with a business that is fully operational and will be sold with the associated fixtures and fittings, the stock will be valued on completion (purchased separately) to allow the new purchaser to continue trading immediately after completion. The current owners (husband and wife) acquired the property over 15 years ago allowing them to build a very strong business venture. The owners have gained a loyal customer client base across all pet supplies and requirements; In addition to the usual rabbits, guinea pigs, hamsters and birds, they have in excess of 40 tropical and cold water display tanks, plus a good quantity of pond fish, and also sell a large variety of fishing tackle. The purchaser will have the opportunity to take over the existing website and Facebook pages. Full accounts can be made available to serious parties.

SERVICES 
Pygott and Crone have been made aware that mains water, electric, drainage and gas are connected to the property. The services or installations have not been serviced or tested.

RATEABLE VALUE / COUNCIL TAX BANDS 
We are advised from enquiries to the Valuation Office Agency Website that the 2017 rateable value is £6,500. Each residential flat is individually rated and fall within Council Tax Band A.

LEGAL FEES 
In the usual manner each party will be responsible for their own legal costs incurred within the transaction.

VAT 
We understand that there will be no VAT chargeable on the sale price.

LOCAL AUTHORITY 
East Lindsey District Council Tedder Hall Manby Park Louth LN11 8UP Tel: 01507 601111

VIEWINGS 
Viewing is strictly by appointment only. Please contact Jasper Caudwell at Pygott & Crone on: Tel: 01205 359900 Mobile: 07795 358878

More information from this agent

Nearest station

  • Hubberts Bridge (9.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

PYGOTT & CRONE COMMERCIAL, Lincoln

36a Silver Street, Lincoln, LN2 1EW

01522 418076 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 station

  • Hubberts Bridge (9.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

PYGOTT & CRONE COMMERCIAL, Lincoln

36a Silver Street, Lincoln, LN2 1EW

01522 418076 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 BOC170019. 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 COMMERCIAL, 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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