Commercial property for sale in Lincoln, England

A rare opportunity to purchase this prominent investment property with ground floor funeral home and first floor 6 room bedsit letting opportunity with frontage directly on the Burton Road. Location A rare opportunity to purchase this prominent investment property with ground floor funeral home and first floor 6 room bedsit letting opportunity with frontage directly on the Burton Road. The Property is situated close to the castle, Bailgate and Cathedral Quarter. The property is situated in a mixed residential and commercial area of the city which is a highly popular location. The Property is within walking distance to the Bailgate area and cathedral quarter of Lincoln. This area is an extremely popular destination for tourists and this historic Uphill area of Lincoln enjoys close to 2 million tourist visitors annually. ACCOMMODATION Ground floor funeral home split into various rooms 3967 sqft (368.5 sqm)First Floor with 6 bedsits, 2 shower rooms, utility room, Lounge/kitchen1352 sqft (125.6 sqm) PLANNING Planning established as funeral home on ground floor and C3 residential at first floor. SERVICES All mains services are connected TENURE The property is offered freehold subject to the ground floor lease with Pat Cook Funeral Homes at a rent of £16,000 pax. The lease started on the 8th February 2023 for 5 years. The first floor has been let in the past for students and they were achieving rent of £115 per week for 50 weeks per year. On this basis the gross rent that could be achieved at first floor level is £34,500 pax. RATEABLE VALUE The ground floor has a rateable value of £16000. CEPC EPC rating of E LEGAL COSTS Each party to pay their own legal costs VAT The price is exclusive of VAT if applicable LOCAL AUTHORITY Lincoln City Council City Hall Beaumont FeeLincoln LN1 1DDTel VIEWINGS Contact Pygott & Crone Commercial 36a Silver street Lincoln LN2 1EWTel Energy Performance Certificates EPC 1

Commercial property for sale in Lincoln, England

Commercial property for sale

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