26-27 Market Place, Market Rasen, LN8 3HL

Location
The property is located prominently within Market Rasen Town Centre, being situated on the corner of the market square. Market Rasen lies approximately midway between the Cathedral City of Lincoln and the Port of Grimsby, both of which are accessible via the A46. Market Rasen serves the surrounding villages as the local hub for shopping, education and banking facilities.

Description
Excellent Town Centre Office Investment Property For Sale - 26 & 27 Market Place comprise two attractive Grade II Listed Buildings interconnecting internally and let as a whole to a long-established local law firm and currently generating an annual income of £23,500 per annum, subject to annual increases. The property has been partially refurbished over this last year and is prominently located within the market square. Market Rasen is a busy town, having a population of circa. 4,500 residents and famed for its nationally acclaimed racecourse. Occupiers within Market Rasen town centre include Boots The Chemist, Lincolnshire Coop, Morrisons, Cooplands Bakery and the town also has the benefit of a Tesco & Aldi Supermarket on the outskirts.

Accommodation
The property offers office accommodation at ground, first and second floor level together with ancillary kitchen, WC and storage facilities including a small basement area.

The internal floor space extends to 358.5 sq.m (3,860 sq.ft).

Services
Mains drainage, gas, electricity and water are connected, with gas central heating systems installed.

EPC Ratings - Given that 26 & 27 Market Place are designated by English Heritage as being Grade II Listed Buildings, they are exempt from the purposes of requiring an Energy Performance Certificate.

Tenure - Freehold

Tenancy Information
The property is let in its entirety to Bridge McFarland LLP under the terms of a renewed Lease dated 1st March 2026, expiring on 31st December 2032. The current passing rent is £23,500 per annum, with the rent increasing annually by a multiplier of 1.025.

The property is held under the terms of a Full Repairing & Insuring Lease, subject to a photographic schedule of condition. Further details are available on request.

Rateable Values
26 Market Place has a current Rateable Value of £8,600 and 27 Market Place has a current Rateable Value of £5,000. The Tenant is responsible for the payment of business rates.

VAT
Prices quoted within this property are exclusive of but may be subject to VAT at the prevailing rate. Further details are available on request.

Viewing
Strictly by prior appointment through Mundys Commercial.