Retail Property For Sale, 23 Union Street, Market Rasen, Lincolnshire, LN8 3AA

Location
The property is located within Market Rasen Town Centre, with Union Street being located just off Queen Street, close to a full range of amenities with surrounding properties comprising a mixture of residential and business uses.

Description
Freehold Two-Storey Retail Property For Sale - We are pleased to offer for sale this Freehold Retail Property, previously trading as a hairdressing and beauty salon, having retail space at ground and first floor level, together with a staff kitchen and WC facility to the rear extending, in total, to 50 sq.m (538 sq.ft), which is likely to be of interest to potential owner occupiers or investors looking to generate an income from renting the property to a Tenant. Union Street is located just off Queen Street within Market Rasen Town Centre and conveniently located for the Town's car park just across the road.

Accommodation
At ground floor level there is a large sales/retail area, extending to 21 sq.m (226 sq.ft), having a frontage of 4.5 metres and a depth of 5 metres. To the rear is a kitchen and WC area, whereas at first floor level, is a further open-plan retail/sales area, also extending to 4.5 metres x 5 metres. The accommodation benefits from having gas central heating and is generally well-presented but would benefit from further cosmetic improvements.

Auctioneers 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.

Services
Mains drainage, gas, electricity and water are connected.

EPC Rating - D

Tenure
The property is available on a Freehold basis and being sold with the benefit of Vacant Possession.

Rates
Rateable Value - £2,600

The property may benefit from the reduced 'Retail, Hospitality & Leisure' Multiplier of £38.2p in the pound (2026/2027)

VAT
The Vendor has confirmed that VAT is not chargeable in addition to the purchase price.

Viewing
Via prior appointment through Mundys.