Oxford Street, Market Rasen

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £180,000. This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

An exciting opportunity to acquire a vast and characterful property, ideally positioned in the centre of Market Rasen - a popular market town on the edge of the Lincolnshire Wolds. The property is surrounded by a variety of local amenities, just a short walk from the market square, train station, and within walking distance of the well-known Market Rasen Racecourse. Offering approximately 275m² of internal accommodation and outbuildings, the property includes a former café to the front, comprising two large dining areas, an entrance hallway, and a kitchen area. To the rear, the building incorporates a three-bedroom residential home, with accommodation including a lounge, kitchen, conservatory, store, and stairs leading to a landing, three bedrooms, a bathroom, and an adjacent shower room.
Beyond this is a further range of storerooms and traditional outbuildings, including a WC. These rear outbuildings were historically used as the town's butcher and baker premises, reflecting the property's varied and rich commercial heritage. This highly adaptable property presents a fantastic development opportunity - whether reinstating commercial use, converting to a single residential dwelling, or exploring the potential to develop into flats - all subject to the necessary planning permissions and building regulations.
Viewing strictly by appointment. 

LOCATION Market Rasen is a well-located market town situated on the western edge of the Lincolnshire Wolds (an Area of Outstanding Natural Beauty). The town enjoys a good range of amenities, a railway station on the Grimsby-Lincoln-Nottingham line, and excellent access to Lincoln, Louth, and surrounding villages. The racecourse, golf club, and variety of independent shops and services make it a desirable and convenient place to live and invest. 

SIDE ENTRNACE  

INNER HALLWAY  

FORMER DINING AREA 29' 6" x 12' 8" (8.99m x 3.86m)  

FORMER KITCHEN 25' 5" x 7' 3" (7.75m x 2.21m)  

FORMER DINING AREA 13' 11" x 9' 1" (4.24m x 2.77m)  

WC  

STORE 9' 10" x 9' 1" (3m x 2.77m)  

STORE 9' 10" x 9' 2" (3m x 2.79m)  

KITCHEN 13' 7" x 13' 0" (4.14m x 3.96m)  

LOUNGE 14' 1" x 13' 0" (4.29m x 3.96m)  

CONSERVATORY 13' 0" x 7' 9" (3.96m x 2.36m)  

STORE 9' 11" x 6' 3" (3.02m x 1.91m)  

FIRST FLOOR LANDING  

BEDROOM 14' 2" x 14' 1" (4.32m x 4.29m)  

BEDROOM 14' 1" x 8' 6" (4.29m x 2.59m)  

BEDROOM 14' 1" x 11' 1" (4.29m x 3.38m)  

STORE 41' 7" x 9' 1" (12.69m x 2.77m)  

BATHROOM 6' 6" x 9' 3" (1.98m x 2.82m)  

SHOWER ROOM 8' 2" x 5' 9" (2.49m x 1.75m)  

STORE 4' 0" x 7' 9" (1.241m x 2.36m)  

STORE 10' 0" x 9' 2" (3.05m x 2.79m)  

AUCTIONEERS ADDITIONAL COMMENTS Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
 

COUNCIL TAX
Rear of 16-18 Oxford Street, Market Rasen - Band C (West Lindsey District Council)
Frontage - Non-domestic (see below)
Rateable Value
Frontage (Commercial Element): £1,975
Small Business Multiplier (2024/25): 49.9p in the £.
The property may qualify for Small Business Rates Relief depending on individual circumstances. Interested
parties should make their own enquiries with West Lindsey District Council.