£285,000
(£78.88/sq. ft)
Property for sale1 Springs Parade, Brigg DN20
3,613 sq. ft
Under offer
Freehold
About this property
Investment / development opportunity
Prominent freehold overlooking Market Place
Ground floor let and producing £15,600 per annum
Scope to generate additional income from upper floors
Description
A mixed use property or traditional three storey construction offering ground floor retail / food space which is tenanted and producing a rent of £15,600 per annum. To the first floor there are toilet facilities which are shared with the remainder of the building. The first and second floors are currently used for storage and studio space and whilst generating some informal income could be rented out on a permanent basis or offer potential for conversion to residential use, subject the necessary consents being obtained.
The accommodation is arranged over three floors. The ground floor comprises retail / leisure space There is kitchen and preparation space to the rear of the ground floor. There is a side entrance lobby and staircase leading to the upper floors which are also serviced by a platform lift. The toilets are located on the first floor. The remainder of the upper floors are used for studio and storage puposes.
Location
The property is situated on Springs Parade in Brigg, but has it’s principal frontage over looking Market Place. The property is situated at the heart of this popular north Lincolnshire market town and benefits from being a short walk away from car parking on both Springs Parade and Old Courts Road, Brigg boasts a variety of local, regional and some national retailers and also has a wide food and beverage offering. The town has a population of approximately 5,500 residents with new housing developments currently under construction and a wide, mainly rural, catchment area. The town is well located adjacent to the M180 and A18
A mixed use property or traditional three storey construction offering ground floor retail / food space which is tenanted and producing a rent of £15,600 per annum. To the first floor there are toilet facilities which are shared with the remainder of the building. The first and second floors are currently used for storage and studio space and whilst generating some informal income could be rented out on a permanent basis or offer potential for conversion to residential use, subject the necessary consents being obtained.
The accommodation is arranged over three floors. The ground floor comprises retail / leisure space There is kitchen and preparation space to the rear of the ground floor. There is a side entrance lobby and staircase leading to the upper floors which are also serviced by a platform lift. The toilets are located on the first floor. The remainder of the upper floors are used for studio and storage puposes.
Location
The property is situated on Springs Parade in Brigg, but has it’s principal frontage over looking Market Place. The property is situated at the heart of this popular north Lincolnshire market town and benefits from being a short walk away from car parking on both Springs Parade and Old Courts Road, Brigg boasts a variety of local, regional and some national retailers and also has a wide food and beverage offering. The town has a population of approximately 5,500 residents with new housing developments currently under construction and a wide, mainly rural, catchment area. The town is well located adjacent to the M180 and A18
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Monthly repayment
£1,425 per month
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