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Retail Property (high street) for sale

Burton Road, Lincoln, LN1

Sold STC £240,000
1,076 sq. ft.

Property Description

Commercial information

  • 1,076 sq ft (99 sq m)

Key features

  • Investment Opportunity
  • Mixed Commercial / Residential Property
  • 3 Flats and Shop
  • Uphill Location
  • Close to Cathedral / Castle Quarter
  • All Let Out and Producing an Income of 16,700
  • EPC Rating E - Commercial
  • EPC Ratings E/F/G - Residential

Full description

Tenure: Freehold

An excellent investment opportunity situated in the sought after Uphill area of Lincoln close to the Cathedral Quarter. The property comprises of 3 flats and a double fronted shop/office unit.


OFFICE 
3.38m x 3.53m

IT ROOM 
1.07m x 2m

FIRST FLOOR - FLAT 1 

LOBBY/STUDY AREA 

ACCOMMODATION 
The accommodation more particularly comprises:

GROUND FLOOR SHOP 

AREA 1 
3.2m x 3.6m

AREA 2 
2.36m x 2.6m
With WC leading off, with wash basin and low flush WC.

FIRST FLOOR - FLAT 2 

GROUND FLOOR - FLAT 3 

BED/SITTING ROOM 
3.7m x 2.97m
With window to the side aspect, television point and telephone point.

KITCHEN 
2.87m x 2.2m
With sink unit, fitted oven and hob, cupboards and drawers, window to the side aspect and walk-in cupboard housing gas fired boiler.

RENTAL INCOME 
The rental income being received at the present time is £16,700 per annum for the flats and shop. This equates to shop £5,000 pax and studio flats £11,700 pax, being £325 per calendar month each.

BATHROOM 
2.03m x 2.29m
With walk-in corner shower, wash hand basin and low level WC.

SERVICES 
Mains electricity, water, drainage and gas are connected to the property; however all prospective purchasers are advised to check upon the adequacy of these supplies for their own purposes.

VAT 
The price expressed in these particulars is exclusive of VAT at the appropriate rate.

EPC 
The commercial property has an Energy Performance rating of E:103. The full EPC and Recommendation Report are available upon request. The flats have various Energy Performance ratings of G:5, E:44, F:23. The full EPC's and Recommendation Report are available upon request.

VIEWING 
Viewing is strictly by appointment with the sole agents: Tel: 01522 536777 Contact: Jamie Thorpe - jthorpe@pygott-crone.com Rob Waterhouse - rwaterhouse@pygott-crone.com William Downing – wdowning@pygott-crone.com

More information from this agent

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