Retail/Shop For Sale, Lincoln
4 photos
£220,000 Freehold
338 High Street, Lincoln, LN5 7DQ
Type
Retail/Shop
Status
Under Offer
Size
889 sq ft
Key Features
- Let to 888 Vapour Limited at a rent of £20,000 per annum.
- Lease expires 31/10/28.
- Net Initial Yield of 8.67%.
- No VAT payable.
- Ideal SIPP/private purchase.
Property Details
The property is a mid-terraced, two storey predominately Retail Premises. The Ground Floor comprises a Sales Area to the front with a Kitchen & Store to the rear and the First Floor comprises a Store & 2 WC's. The Sales Area has suspended ceilings with inset lighting. The First Floor has the potential to be converted into residential accommodation, subject to the necessary planning consents.
The property is let to 888 Vapour Limited who have been tenants since October 2015. The lease was renewed on the 1st November 2023 for a 5 year term and at a rent of £20,000 per annum. We believe the lease is drawn on an effective full repairing and insuring basis.
Let To 888 Vapour Limited At A Rent Of £20,000 Per Annum.
Lease Expires 31/10/28.
Net Initial Yield Of 8.67%.
No Vat Payable.
Freehold City Centre Investment
338 High Street, Lincoln Ln5 7dq
Guide Price: £220,000 Freehold
Freehold City Centre Investment
338 High Street, Lincoln Ln5 7dq
Guide Price: £220,000 Freehold
Detailed Description
The Property Is A Mid-terraced, Two Storey Predominately Retail Premises. The Ground Floor Comprises A Sales Area To The Front With A Kitchen & Store To The Rear And The First Floor Comprises A Store & 2 Wc's. The Sales Area Has Suspended Ceilings With Inset Lighting. The First Floor Has The Potential To Be Converted Into Residential Accommodation, Subject To The Necessary Planning Consents.
The Property Is Let To 888 Vapour Limited Who Have Been Tenants Since October 2015. The Lease Was Renewed On The 1st November 2023 For A 5 Year Term And At A Rent Of £20,000 Per Annum. We Believe The Lease Is Drawn On An Effective Full Repairing And Insuring Basis.
Location
Lincoln Is A Cathedral And University City Within Urban Population Of Approximately 130,000 People As Of The 2011 Census. The City Is Located Approximately 33 Miles North East Of The City Of Nottingham, 41 Miles South East Of The City Of Sheffield And 48 Miles North Of The City Of Peterborough.
338 High Street Is Well-located On The Pedestrianised Part Of Lincoln High Street And Is Around 0.2 Miles To The South Of Lincoln Railway And Bus Stations. Neighbouring Properties Include Iceland, Shoe Zone And Card Factory.
Ideal Sipp/private Purchase.
The property is let to 888 Vapour Limited who have been tenants since October 2015. The lease was renewed on the 1st November 2023 for a 5 year term and at a rent of £20,000 per annum. We believe the lease is drawn on an effective full repairing and insuring basis.
Let To 888 Vapour Limited At A Rent Of £20,000 Per Annum.
Lease Expires 31/10/28.
Net Initial Yield Of 8.67%.
No Vat Payable.
Freehold City Centre Investment
338 High Street, Lincoln Ln5 7dq
Guide Price: £220,000 Freehold
Freehold City Centre Investment
338 High Street, Lincoln Ln5 7dq
Guide Price: £220,000 Freehold
Detailed Description
The Property Is A Mid-terraced, Two Storey Predominately Retail Premises. The Ground Floor Comprises A Sales Area To The Front With A Kitchen & Store To The Rear And The First Floor Comprises A Store & 2 Wc's. The Sales Area Has Suspended Ceilings With Inset Lighting. The First Floor Has The Potential To Be Converted Into Residential Accommodation, Subject To The Necessary Planning Consents.
The Property Is Let To 888 Vapour Limited Who Have Been Tenants Since October 2015. The Lease Was Renewed On The 1st November 2023 For A 5 Year Term And At A Rent Of £20,000 Per Annum. We Believe The Lease Is Drawn On An Effective Full Repairing And Insuring Basis.
Location
Lincoln Is A Cathedral And University City Within Urban Population Of Approximately 130,000 People As Of The 2011 Census. The City Is Located Approximately 33 Miles North East Of The City Of Nottingham, 41 Miles South East Of The City Of Sheffield And 48 Miles North Of The City Of Peterborough.
338 High Street Is Well-located On The Pedestrianised Part Of Lincoln High Street And Is Around 0.2 Miles To The South Of Lincoln Railway And Bus Stations. Neighbouring Properties Include Iceland, Shoe Zone And Card Factory.
Ideal Sipp/private Purchase.
Location
Brown & Co
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Retail/Shop For Sale, Lincoln
£220,000 Freehold
338 High Street, Lincoln, LN5 7DQ
Property ID: 153635
Brown & Co
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Brown & Co
