£55,000
Retail premises for saleUnion Street, Market Rasen LN8
About this property
Freehold Retail Property
Surrounding properties comprising a mixture of residential and business uses
Vacant Possession
Summary
For sale via secure sale online bidding - terms and conditions apply.
Location
The property is located within Market Rasen Town Centre, with Union Street being located just off Queen Street, close to a full range of amenities with surrounding properties comprising a mixture of residential and business uses.
Description
Freehold Two-Storey Retail Property For Sale Via Auction - We are pleased to offer this Freehold Retail Property, previously trading as a hairdressing and beauty salon, having retail space at ground and first floor level, together with a staff kitchen and WC facility to the rear extending, in total, to 50 sq.m (538 sq.ft), which is likely to be of interest to potential owner occupiers or investors looking to generate an income from renting the property to a Tenant. Union Street is located just off Queen Street within Market Rasen Town Centre and conveniently located for the Town's car park just across the road.
Accommodation
At ground floor level there is a large sales/retail area, extending to 21 sq.m (226 sq.ft), having a frontage of 4.5 metres and a depth of 5 metres. To the rear is a kitchen and WC area, whereas at first floor level, is a further open-plan retail/sales area, also extending to 4.5 metres x 5 metres. The accommodation benefits from having gas central heating and is generally well-presented but would benefit from further cosmetic improvements.
Services
Mains drainage, gas, electricity and water are connected.
EPC Rating - D
Terms
The property is available on a Freehold basis and being sold with the benefit of Vacant Possession.
Outgoings
Rateable Value - 2,600
Small Business Multiplier (2024/2025) 49.9p in the .
The property may qualify for small business rates relief.
It may be possible to obtain Small Business Rates Relief, depending on individual circumstances.
VAT
The Vendor has confirmed that VAT is not chargeable in addition to the purchase price.
Description
We are pleased to offer this Freehold Retail Property, previously trading as a hairdressing and beauty salon.
Location
The property is located within Market Rasen Town Centre.
EPC
This property's energy rating is D.
Tenure
Freehold; title number: LL248331
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
For sale via secure sale online bidding - terms and conditions apply.
Location
The property is located within Market Rasen Town Centre, with Union Street being located just off Queen Street, close to a full range of amenities with surrounding properties comprising a mixture of residential and business uses.
Description
Freehold Two-Storey Retail Property For Sale Via Auction - We are pleased to offer this Freehold Retail Property, previously trading as a hairdressing and beauty salon, having retail space at ground and first floor level, together with a staff kitchen and WC facility to the rear extending, in total, to 50 sq.m (538 sq.ft), which is likely to be of interest to potential owner occupiers or investors looking to generate an income from renting the property to a Tenant. Union Street is located just off Queen Street within Market Rasen Town Centre and conveniently located for the Town's car park just across the road.
Accommodation
At ground floor level there is a large sales/retail area, extending to 21 sq.m (226 sq.ft), having a frontage of 4.5 metres and a depth of 5 metres. To the rear is a kitchen and WC area, whereas at first floor level, is a further open-plan retail/sales area, also extending to 4.5 metres x 5 metres. The accommodation benefits from having gas central heating and is generally well-presented but would benefit from further cosmetic improvements.
Services
Mains drainage, gas, electricity and water are connected.
EPC Rating - D
Terms
The property is available on a Freehold basis and being sold with the benefit of Vacant Possession.
Outgoings
Rateable Value - 2,600
Small Business Multiplier (2024/2025) 49.9p in the .
The property may qualify for small business rates relief.
It may be possible to obtain Small Business Rates Relief, depending on individual circumstances.
VAT
The Vendor has confirmed that VAT is not chargeable in addition to the purchase price.
Description
We are pleased to offer this Freehold Retail Property, previously trading as a hairdressing and beauty salon.
Location
The property is located within Market Rasen Town Centre.
EPC
This property's energy rating is D.
Tenure
Freehold; title number: LL248331
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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