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405 High Street, Lincoln, LN5 7TE

£175,000

£140.79 per sq ft

Business rates & charges may apply

Wood Moore & Co Ltd, Newark
SIZE AVAILABLE

1,243 sq ft

115 sq m

SECTOR

High street retail property for sale

Key features

  • Freehold for sale via Private Treaty with vacant possession
  • Attractive end of terrace three storey retail premises
  • Prominent High Street position within Lincoln city centre
  • Ground floor retail unit with return frontage
  • Upper floors providing ancillary retail accommodation
  • Suitable for owner occupiers, investors and developers
  • Potential for residential conversion of upper parts (STP)
  • Total floor area of approx. 1,243 sq ft (115.4 sq m)

Description

The property occupies a prominent and highly visible position fronting the main High Street with a wide mix of national and independent occupiers nearby. Lincoln is a well-established cathedral city and administrative centre serving a substantial catchment population, attracting significant visitor numbers throughout the year.

The property comprises an attractive end of terrace retail premises, most recently occupied as a beauty clinic, offering well-presented accommodation arranged over ground and upper floors. The ground floor provides a retail entrance with return frontage, while the upper parts comprise a range of ancillary rooms suitable for a variety of uses.

The building presents an excellent opportunity for owner occupiers seeking a prominent trading position, as well as investors and developers looking to add value. There is clear potential to reconfigure or convert the upper floors to residential accommodation, subject to the necessary planning consents, with the benefit of separate access.

Overall, the property is in good condition and includes a useful outbuilding currently utilised for storage, together with a small rear yard.

All viewings are via the sole agents WOOD MOORE & CO.

Freehold for sale via private treaty with vacant possession. The asking price is £175,000 (one hundred and seventy five thousand pounds).

The property has an EPC rating of D (86).

£5,100 under Local Authority Reference: 41724051; 100% small business rates relief is available for qualifying tenants.
The charging authority is Lincoln City.

We understand that the VAT will not be charged on the sale price.

Brochures

405 High Street, Lincoln, LN5 7TE

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lincoln Central Station0.5 miles
  • Hykeham Station2.9 miles

About Wood Moore & Co Ltd, Newark

Navigation House, 48 Mill Gate, Newark, NG24 4TS

Wood Moore & Co is an East Midlands based independent firm of Chartered Surveyors and Commercial Property Consultants established nearly 25 years ago. Combining wider expertise with strong local & regional knowledge, and led by a team of dedicated professionals who are long-established in the local property market throughout Nottinghamshire and Lincolnshire, with particular emphasis on commercial property in Newark, Grantham and Lincoln. Wood Moore & Co. are a multi-disciplined practice with integrated expertise in the commercial estate agency, property management and professional service sectors.

Notes

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Disclaimer - Property reference 361057-1. 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 Wood Moore & Co Ltd, Newark. 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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