Free valuation

High Street, LincolnResidential, Commercial

£225,000
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About this property

LOCATION
The property is prominently located on the southern section of High Street, approximately one mile south of the City Centre within a busy commercial/residential district.

ACCOMMODATION
The ground floor accommodation comprises a sales area, fully equipped kitchens and preparation rooms. The living accommodation is self-contained, having separate access from the rear. At first floor level there are two reception rooms. kitchen and bathroom/WC. At second floor level, there are two bedrooms.

There is also the option to purchase additional land to the rear which has Planning Permission for the erection of a single storey industrial building (Application No: 217/0502/FUL). Further details are available on request.

TERMS
Tenure
The Freehold property, subject to the existing tenancy as described above, is being offered.

Lease Terms
The entire property is currently let under the terms of a ten year Lease commencing 26th October 2011. The Passing Rent is £16,750 per annum, representing a yield of 7.4%. Full details are available on request.

OUTGOINGS
Rateable Value £6,400

PLANNING
Class A5 (Hot Food & Takeaway) and Residential

VIEWING
By prior appointment via Mundys Commercial – 01522 556088.

Energy Performance Cerificate (EPC)