405 High Street, Lincoln
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Property summary
For Sale by Modern AuctionSubject to Reserve Price & Reservation FeeExcellent Retail Premises Close to city centreHigh Street RetailGreat potential for conversion of upper floors (stp)Sold with vacant possessionStores and small rear yard EPC Rating - D(96)Get in touch
More about the property
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the “Reservation Period”). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional
The Property comprises a retail building fronting Lincoln High Street. It has most recently been used successfully by the owner as a beauty clinic, having a ground floor retail entrance and sales area and a number of treatment rooms across all 3 floors of the building.
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The Property is situated in a prominent position fronting Lincoln High Street, adjacent to occupiers such as Domino's, KFC, Pappa Johns and Taco Bell.
Lincoln is the administrative and main shopping centre for the County of Lincolnshire, with an estimated urban population of circa 130,000 It is recognised as one of England’s finest Cathedral Cities, attracting over 3 million tourists every year.
The Property comprises a retail building fronting Lincoln High Street. It has most recently been used successfully by the owner as a beauty clinic, having a ground floor retail entrance and sales area and a number of treatment rooms across all 3 floors of the building.
The Property will suit a variety of uses for both owner occupiers and investors, with potential to convert the upper floors to residential accommodation, which has a separate side access from Pennell Street.
The Property is held in very good condition and comes with a small rear yard and additional stores.
We understand all mains services are available to the Property.
We have not made any formal enquiries or tested any of the service connections. Interested parties are required to undertake their own due diligence into the availability and adequacy of services.
The Property is available freehold with vacant possession.
CEPC rating D
The Property has a Rateable Value of £4,200. Small business rate relief will therefore be available to businesses that qualify and we recommend prospective buyers make further enquiries with the local charging authority for further information.
Viewings are strictly via the agents:
Pygott & Crone Commercial Ltd
36a Silver Street
Lincoln,
LN2 1EW
