Investment Property, 156-158 Burton Road, Lincoln, LN1 3LS
Size
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Tenure
Freehold
EPC
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Parking
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- Primary use
- Mixed use
Key features
- Generating an income of £50,660 per annum
- Excellent Location
- Fully Let Investment Property
- Business Unaffected
- EPC Ratings - D/E
Description
The property is located on Burton Road, close to the junction with Yarborough Road and Longdales Road, within the popular 'Uphill' district of Lincoln and situated approximately 1 mile north of the City Centre.
The Cathedral City of Lincoln is a vibrant University City, famous for its Cathedral, Castle and having a population of 100,000 residents and a much wider catchment given the surrounding villages and towns.
Description
Fully Let Investment Property For Sale (Business Unaffected) - This prominently located and substantial two-storey building is being offered for sale as an investment property, generating an excellent income, which totals £50,660 per annum. The ground floor accommodation is let to a well-reputed and long-established funeral director business, whereas the first floor apartment is let annually to students with 6 letting rooms, all occupied for the academic year, commencing 1st September 2025. The property occupies an excellent location within the ever popular Burton Road district, where there are a mixture of independent retailers and residential occupiers, creating a thriving local economy.
Accommodation
The ground floor accommodation is let in its entirety to a commercial tenant, operating a Funeral Director business, with the accommodation as shown on the floor plan below, comprising a mixture of showroom and office accommodation towards the front, together with storage/workshop accommodation towards the rear.
At first floor level, the self-contained residential apartment has its own access from Burton Road and internally comprises a large, open-plan living/kitchen area, together with 6 bedrooms and two bathrooms, ideally suited to the student sector. Once again, the floor plan below shows the current configuration of the first floor apartment.
Services
Mains drainage, electricity and water are independently connected to each of the ground and first floor premises. The ground floor premises also benefit from a gas central heating system.
EPC Ratings:
Ground Floor - D
First Floor Apartment - E
Tenure/Tenancy Information
The property is being offered for sale on a Freehold basis, subject to the tenancies as set out below:
The ground floor accommodation is let to Pat Cook & Sons Ltd for a term of 5 years commencing 31st December 2021 at an annual rent of £17,000 per annum, fixed for the full length of the Lease. The Lease is held on a conventional Full Repairing & Insuring basis.
The first floor apartment is fully let to students for the academic year commencing 1st September 2025 until 24th August 2026 and the gross rent payable (inclusive of utility costs) is £33,660. The apartment has always been successfully fully let to students, with rents increasing year on year.
Business Rates/Council Tax
The ground floor has a Rateable Value of £16,000.
The apartment has a Council Tax - Band A
VAT
VAT may be payable in addition to the purchase price in respect of the ground floor element of the transaction. Further details are available on request.
Viewing
Strictly by prior appointment through Mundys Commercial
- Service charge
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- Business rates
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- Use class
- C3, E
- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
Investment Property, 156-158 Burton Road, Lincoln, LN1 3LS
About MUNDYS PROPERTY SERVICES LLP, Lincoln
Mundys is a trusted, independently owned estate agency providing expert residential and commercial sales and lettings, professional surveys, and mortgage and protection advice across Lincolnshire and Nottinghamshire. With offices in Lincoln, Newark, Southwell and Market Rasen, our experienced team combines in-depth local knowledge with a personalised approach to deliver outstanding service and results.
Whether you're buying, selling, renting or letting, we are committed to making your property journey as straightforward and stress-free as possible. From your initial enquiry through to completion, we provide expert guidance every step of the way, ensuring you feel informed and supported throughout the process.
At Mundys, we understand that every property and every client is unique. That's why we tailor our service to your individual needs, working tirelessly to maximise the value of your property and achieve the very best outcome. Whatever your property ambitions, you can rely on our expertise, professionalism and dedication to help you realise them.
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Disclaimer - Property reference 156-158burtonroad. 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.