Price £325,000
FOR SALE: 93 High Street, Lincoln, LN5 7QW.
Retail unit · 3 floors · 4 letting rooms
Investment Property
Retail Unit to Ground Floor with Student Accommodation to 1st & 2nd Floors providing 4 letting rooms recently refurbished
Location
Number 93 is situated on the High Street, Lincoln and is within an area of retail units and adjacent to residential areas. The area is well regarded for student accommodation being within walking distance of the University.
Description
The property is a 3 storey building providing retail unit to ground floor and benefits from direct road frontage. Accessed via a side passage and with separate access is the student accommodation which is located partly to ground floor, 1st & 2nd floors. Presently 4 letting rooms are occupied but there is the possibility of a 5th room in what had been previously the kitchen to the retail unit. The property benefits from mains gas central heating, mains water, sewerage, electricity and fire alarm and smoke detection systems.
Accommodation
Retail Unit to GF 49.93 sq m 538 sq ft
Student Accommodation
Entrance hall off which
Room 1 (presently used for storage) 3.6 x 4.35m
Stairs to 1st Floor
Landing off which
Lounge 4.27 x 2.6m
Kitchen with fitted kitchen units, oven, hob & Logic combi gas boiler 2.45 x 2.83m
Bathroom with bath,wc & pedestal wash basin
Bedroom 1
Bedroom 2
Shower room with shower cubicle, wc & pedestal wash basin
Stairs to 2nd floor
Bedroom 3
Bedroom 4 with shower
Bedrooms were occupied at the time of inspection and were not measured.
Method of Sale
The property is offered for sale by private treaty.
Tenure
The Ground floor retail unit is vacant but had been let at £900 pcm (£10,800 pa) the student accommodation is fully let and fully managed and produces £100 per week/room (£20,800 pa)
EPC Rating
The property has an Energy Performance Certificate rating of band D.
VAT
VAT will not be chargeable on the sale.
Viewing
Strictly by appointment through the Agents.
Contact Details
Silcock & Partners (Tim Silcock)
Gamston Wood Farm
Upton
Retford
Notts
DN22 0RB
01777 717559 or 07964977724
Info@silcockandpartners.co.uk
Solicitors
Andrew Jay & Co. (Philip Hanby)
26 Lord Street
Gainsborough
Lincs
DN21 2DB
01427 612412
philip.hanby@andrewjay.co.uk
These particulars were produced in August 2019. Plans and maps are shown for illustrative purposes only and all boundaries should be checked with the Land Registry.
Call 01777 717559 or 07540 578530 to view.
You can also contact Lime Living Estate Agents at: visit
