111 High Street, Lincoln, LN5 7PY

Location
The property is located on the High Street, opposite St. Peter at Gowts Church, on the southern fringe of Lincoln City Centre. High Street is the principal retail district of Lincoln, which has recently undergone significant Highways improvements.
Description Mundys Commercial are pleased to offer to the market this mixed-use investment property on Lincoln High Street. Comprising of a ground floor retail unit suitable for a variety of uses and a first floor flat generating rental income, the property offers an excellent investment opportunity.

Accommodation
An excellent opportunity to acquire a mixed-use freehold property comprising a vacant ground floor commercial unit and a self-contained first floor flat, offering both immediate letting potential and an established residential income.

The ground floor commercial premises extends to approximately 36 sq m (388 sq ft) and is offered with vacant possession, making it suitable for owner-occupiers, investors or a variety of commercial uses (subject to any necessary consents).

The first floor comprises a self-contained one-bedroom flat extending to approximately 30 sq m (323 sq ft). The flat is currently let on an assured tenancy, generating £700 per calendar month (inc. bills), providing an immediate income stream for the purchaser.

This Grade II Listed property presents an attractive investment opportunity with scope to let the commercial unit and enhance the overall rental return, or to occupy the commercial space while benefiting from the income produced by the residential accommodation.


Services
Mains drainage, water and electricity are connected to the premises.

LPG Central Heating System installed in first floor flat.

Tenure - Freehold/Grade II Listed

Rates
Rates & Council Tax

Rateable Value - £6,600

Retail, Hospitality and Leisure Multiplier (2026/2027) 38.2p in the £.

Council Tax Band A (Lincoln City Council)

VAT
VAT is not payable on the purchase price.

Viewing
Via Mundys Commercial