St. Andrews Street, Lincoln
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Council Tax Band - A (Lincoln City Council)
- EPC Ratings Ground Floor Retail Unit - B(50), D(58), (D61), (E41)
- Currently generates a healthy income in the region of £20,000 per annum
- Three Self-Contained Apartments, together with a Retail Outlet
- Investment Property
Description
Description Investment Property comprising Three Self-Contained Apartments, together with a Retail Outlet - This competitively priced freehold property is sure to be of interest to local Investors/Developers and currently comprises three generously proportioned one bedroomed apartments, together with a ground floor retail outlet, which would benefit from further modernisation/improvement, but currently generates a healthy income in the region of £20,000 per annum.
Accommodation At ground floor level, there is a retail unit extending to 15 sq.m (160 sq.ft), having its own power supply and currently being used for storage on a temporary basis generating £160 pcm, but will be sold with the benefit of Vacant Possession. Also at ground floor level is a self-contained one bedroomed apartment comprising a living room, kitchen, bedroom and bathroom extending, in total, to 36 sq.m (387 sq.ft) currently generating an income of £5,928 per annum. The first floor apartment is larger, extending to 47 sq.m (500 sq.ft) also comprising a living room, kitchen, bedroom and bathroom and generating an annual income of £5,940. The second floor apartment is similar in terms of size and layout to the first floor and currently generates an income of £6,000 per annum.
Services Mains gas, electricity and water are connected with each apartment having its own gas central heating system and electrical supply. In addition, the ground floor retail unit has a separate mains power supply, but does not currently have a water or drainage connection.
EPC Ratings: EPC Ratings Ground Floor Retail Unit - B(50), D(58), (D61), (E41)
Tenure The ground floor retail unit will be sold with Vacant Possession. Each of the three apartments are occupied subject to long-standing residential tenancies. Further details are available on request.
Business Rates/Council Tax The ground floor retail unit has a Rateable Value of £1,975 (effective from 1st April 2026) However, the owner has informed us that he receives complete rates relief and has no rates to pay. Small retail units with a Rateable Value of £12,000 or less pay no business rates (100% relief), provided they only occupy one property. All three apartments have a Council Tax Band A assessment (Lincoln City Council)
VAT The property is not registered for VAT.
Parking Notes Permit only
Brochures
BROCHURE- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Permit
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
St. Andrews Street, Lincoln
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Visit our security centre to find out moreDisclaimer - Property reference 102125036510. 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 Mundys, 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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