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COMMERCIAL

9 West Parade, Lincoln, Lincolnshire, LN1 1NL

£550,000
Brown&CoJHWalter, Lincoln City Centre
PROPERTY TYPE

Retail Property (high street)

SIZE

3,000 sq ft

279 sq m

Key features

  • Prime City Centre investment opportunity
  • Fully let with £40,160 income per annum
  • 3 x One Apartments, 1 x 2 bed Apartment, Ground floor Bistro
  • Basement & garden area with further development potential (stp)
  • Lapsed planning under ref 2012/0246/RN

Description

Prime City Centre investment opportunity

Fully let with £40,160 income per annum

3 x One Apartments, 1 x 2 bed Apartment, Ground floor Bistro

Basement & garden area with further development potential (stp)

Prime City Centre investment opportunity - Fully let with £40,160 income per annum - 3 x One Apartments, 1 x 2 bed Apartment, Ground floor Bistro - Basement & garden area with further development potential (stp) - Lapsed planning under ref 2012/0246/RN

Detailed Description

A city centre investment opportunity comprising 3 x one bedroom apartments, 1 x two bedroom apartment and a ground floor cafe/bistro with indoor and outdoor seating. The accommodation is arranged over four floors and extends to around 3,000 sq ft with the basement level and rear garden offering further development potential subject to planning.

The property is fully let with a total rent passing of £40,160 p/a which breaks down as follows and includes bills.
Deli - £8,840 per annum
Flat 1 £640 pcm
Flat 2 £720 pcm
Flat 3 £610 pcm
Flat 4 £640 pcm

*including the rent increases due on the 1st March 2024

Lapsed planning under ref 2012/0246/RN

Brochures

Brochure

9 West Parade, Lincoln, Lincolnshire, LN1 1NL

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lincoln Central Station0.4 miles
  • Hykeham Station3.5 miles

About the agent

Brown&CoJHWalter, Lincoln City Centre

1 Mint Lane, Lincoln, LN1 1UD

Brown&CoJHWalter, Lincoln City Centre

When we can help

  • Free Market appraisal - If you have property or land to sell please call the agency team
  • Brown & Co JHWalter sell properties across the price range in Lincolnshire and the surrounding counties
  • The County Property Auction team provide a proven service for properties best suited for sale by auction including houses for renovation, Investment property, land and building plots

Why Brown & Co JHWalter

  • An exp
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Notes

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Disclaimer - Property reference 441343FH. 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 Brown&CoJHWalter, Lincoln City Centre. 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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