About this property
Redwood Drive is located off Valley Road and Brant Road respectively, approximately three miles south of Lincoln City Centre on the Lincoln/Waddington border.
Mundys are pleased to offer to the market for sale this investment opportunity located upon a busy parade of shops in the village of Waddington. The ground floor retail unit, currently operates as a convenience store and is achieving £500 per calendar month and there is a newly refurbished 2 bedroom flat above, which when rented out could achieve £600 per calendar month. If fully let, the annual income could be £13,200.
The premises is split into a ground floor retail area and a two bedroom flat on the first floor.
The ground floor retail area comprises of: sales area, store room, Kitchen and W.C. and is a total of 52 meters sq. (559 sq. ft.)
The first floor flat, having been recently refurbished comprises of; newly fitted kitchen and bathroom, living room and two bedrooms.
To the outside, there is an enclosed garden to the rear which is allocated to the flat. To the front, there is unrestricted parking which is available for all shops on the parade.
Electricity – Separate for shop and flat.
Gas – Only connected to the flat.
Water – Separate for shop and flat.
Business Rates – £4,250
VAT maybe applicable to the purchase price.
Visitor parking available.
Viewings via Mundys Commercial on 01522 556088