Free valuation

King Street, Market RasenResidential (land), Commercial

Book a viewing

About this property

The property is situated centrally within Market Rasen, a busy Market Town with a population of over 5,000 residents and serving as a ‘Hub’ for surrounding villages, offering a good range of local shopping and education facilities.

We are pleased to offer for sale this unique investment/development opportunity located centrally within Market Rasen, which offers a full range of local amenities. The building has most recently been used as serviced office space and is well-presented throughout, although it would benefit from some updating. The property is considered to have residential development potential and in addition, there is land to the rear which has the benefit of Planning Permission for three dwellings.

The property comprises an attractive Period two-storey double-fronted property, with office accommodation at ground and first floor level, with a gross internal floor area of 222 sq.m (2,390 sq.ft). The property is considered suitable for continued office use, or alternatively, could be converted into residential apartments, subject to the necessary Planning Permissions.

To the rear of the property are enclosed grounds, currently accommodating a sectional concrete storage unit and Planning Consent has been granted for the development of three dwellings (Application No: 135725). Full details are available on request.

At ground floor level, there is a central entrance hallway, four offices and WC facilities and at first floor level, there are five further offices and additional WC facilities.

Mains drainage, gas, electricity and water are all understood to be connected to the premises. A gas fired central heating system is installed serving radiators throughout the accommodation.

EPC Rating – E

The property is available for sale on a Freehold basis and will be available with the benefit of vacant possession.

The Rateable Value will need to be reassessed for this property. Please contact the Local Rating Authority for further details.

VAT may be applicable in addition to the sale price at the prevailing rate.

Parking space to the rear.

Planning Consent has been granted for the development of three dwellings (Application No: 135725)

By prior appointment via Mundys Commercial – 01522 556088.

Energy Performance Cerificate (EPC)