£175,000
(£140.79/sq. ft)
Retail premises for sale405 High Street, Lincoln LN5
1,243 sq. ft
EPC Rating: B
About this property
Freehold for sale via Private Treaty with vacant possession
Attractive end of terrace three storey retail premises
Prominent High Street position within Lincoln city centre
Ground floor retail unit with return frontage
Upper floors providing ancillary retail accommodation
Suitable for owner occupiers, investors and developers
Potential for residential conversion of upper parts (STP)
Total floor area of approx. 1,243 sq ft (115.4 sq m)
Estimated Rates Payable: £2548.15
The property occupies a prominent and highly visible position fronting the main High Street with a wide mix of national and independent occupiers nearby. Lincoln is a well-established cathedral city and administrative centre serving a substantial catchment population, attracting significant visitor numbers throughout the year.
Location
The property comprises an attractive end of terrace retail premises, most recently occupied as a beauty clinic, offering well-presented accommodation arranged over ground and upper floors. The ground floor provides a retail entrance with return frontage, while the upper parts comprise a range of ancillary rooms suitable for a variety of uses.
The building presents an excellent opportunity for owner occupiers seeking a prominent trading position, as well as investors and developers looking to add value. There is clear potential to reconfigure or convert the upper floors to residential accommodation, subject to the necessary planning consents, with the benefit of separate access.
Overall, the property is in good condition and includes a useful outbuilding currently utilised for storage, together with a small rear yard.
Viewings
All viewings are via the sole agents wood moore & co.
Terms
Freehold for sale via private treaty with vacant possession. The asking price is £175,000 (one hundred and seventy five thousand pounds).
Energy Performance Certificate
The property has an EPC rating of D (86).
Rateable Value
£5,100 under Local Authority Reference: 41724051; 100% small business rates relief is available for qualifying tenants.
The charging authority is Lincoln City.
VAT
We understand that the VAT will not be charged on the sale price.
Mortgage calculator
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