Investment Property, 13 Steep Hill, Lincoln, Lincolnshire, LN2
Size
1,578
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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Key features
- Freehold Investment Property For Sale
- Generating an income of £32,500 Per Annum
- Located on the infamous Steep Hill
- EPC - Not Applicable (Listed Building)
Description
The property occupies a prime location within Lincoln's premier tourist/retail district, being on the famous Steep Hill, a pedestrianised cobbled lane, providing a direct-link to the Castle and Cathedral to the north and the City Centre High Street to the south. Lincoln is a prosperous, growing tourist destination, given its rich heritage within the picturesque Cathedral Quarter and the nearby Bailgate shopping district, with many boutiques, restaurants and bars and the walled castle. Lincoln is also a thriving University City, with a population of circa. 100,000 residents and a much wider catchment given the surrounding villages and towns.
Description
Fully Let Income Generating Investment Property within a Prime Tourist/Retail Location - This is a particularly rare opportunity to acquire a beautifully refurbished Freehold property within Lincoln's prime historic tourist district along the infamous Steep Hill. This fully let investment property generates a healthy income of £32,500 per annum, currently operating as retail accommodation with a beauty treatment/spa facility, having a total floor area extending to 146.6 sq.m (1,578 sq.ft).
Accommodation
The accommodation is set out across three floors with the ground floor comprising a front retail/showroom area, beyond which is a beauty therapy and spa area, with a sauna, treatment rooms, outdoor seating including a hot tub and relaxation rooms, together with staff facilities. The upper floor accommodation was previously used for residential purposes.
The overall floor area extends to 146.6 sq.m (1,578 sq.ft).
Services
Mains gas, electricity, water and drainage are connected to the property.
EPC - Exempt as Listed Building
Tenure
The property is held on a Freehold basis and subject to a Lease (expiring 31st August 2027) generating a total income of £32,500 per annum. Further details are available on request.
Rates
Rateable Value - £15,500
The property may benefit from the reduced 'Retail, Hospitality & Leisure' Multiplier of £38.2p in the pound (2026/2027).
VAT
VAT to be confirmed.
Viewing
By prior appointments via Mundys Commercial.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Investment Property, 13 Steep Hill, Lincoln, Lincolnshire, LN2
About MUNDYS PROPERTY SERVICES LLP, Lincoln
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Disclaimer - Property reference 13steephill. 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 PROPERTY SERVICES LLP, 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.