45-49 Newland, Lincoln LN1 1XZ

Prominent terrace of period office buildings in Lincoln city centre. Vacant freehold with redevelopment and repositioning potential, subject to planning. 7,493 sq ft GIA.

Detailed Description

45-49 Newland comprises a substantial terrace of attractive period buildings arranged over basement, ground and first floors. The property extends to approximately 7,493 sq ft (696 sq m) GIA and has most recently been used for office accommodation. Suitable for continued office use, redevelopment or alternative uses, subject to planning. Freehold with vacant possession.

Location

Prominently situated on Newland, one of Lincoln's principal mixed-use roads linking the city centre with the West End. Within walking distance of Brayford Waterfront, the University of Lincoln and Lincoln Central railway station.

Accommodation

7,493 sq ft (696 sq m) GIA arranged over basement, ground and first floors. Site area approximately 0.16 acres.

Business Rates

Rateable value currently being reassessed.

Services

Existing service connections serving the wider Lincolnshire County Council estate will be disconnected prior to completion. Purchasers to arrange any new connections required.

Viewing

Strictly by appointment through Brown & Co.

VAT

The property is not elected for VAT.

Legal Costs

Each party to be responsible for their own legal costs.

Other

A restrictive covenant will prohibit use as a House in Multiple Occupation (HMO).

Terms

Freehold for sale with vacant possession. Guide Price £625,000.