About this property
Location The property is located within a particularly popular residential area on the north western fringe of Lincoln, close to the West Common and within walking distance of the City Centre. Long Leys Road is located directly off Yarborough Road (B1273).
Description Workshop Premises with Residential Planning Consent – We are pleased to offer for sale this commercial property located within a particularly popular residential area on the north western fringe of Lincoln City Centre. The property was originally built as a Church Hall, but in more recent years, has been converted into a light industrial facility, having accommodation at ground and lower ground floor together with a large yard and parking area to the rear. The Gross Internal Floor Area of the existing building is calculated to be 200 sq.m (2,150 sq.ft) to include the loading bay area.
The current owners have now obtained Outline Planning Consent for the redevelopment of the site to provide for a terrace of three properties with gardens and garaging to the rear. Planning Consent was granted in September 2020, Planning Application No: 2020/0332/OUT. This property is therefore considered to be of interest to Developers and Existing Use Occupiers.
Services Mains electricity, water and drainage are connected. Mains gas is understood to be available within Long Leys Road. The property currently has a Three-Phase electricity supply.
The property is classified as being exempt from the requirements of the Energy Performance Certificate Regulations.
Tenure The site is offered for sale on a freehold basis.
Rates The property is currently assessed for Business Rates as having a Rateable Value of £6,400 and in the event that the property is continued for use as a workshop, the rates payable would be in the region of £3,225 (Rate to the pound for 2019/20 is 50.4 pence). It is, however, likely that any prospective occupier would be entitled to claim Small Business Rates Relief.
Prospective purchasers should make their own enquiries with Lincoln City Council. The current Rateable Value is associated with its existing light industrial use and the site would be deleted from the Rating List if it is redeveloped.
VAT The Vendors have informed us that VAT is not payable in addition to the purchase price.
Viewing Via appointment through Mundys Commercial.