40 Lamb Gardens, Lincoln

Guide Price
£150,000
For Sale
1/10
Guide Price
£150,000
For Sale
William Downing
BSc (Hons) MRICS FNAEA MIoD MARLA FNAEA (Comm)
Director
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Property summary

BEST AND FINALS BEFORE 26TH AUGUST 2022 (MID DAY)
Guide Price - £150,000
Significant mixed use premises
Installed Fixtures & Fittings
4 Bed Living Accommodation
Off road parking and outbuildings
Large Residential Catchment
EPC Rating Shop - D
EPC Rating Flat - E, Flat - Council Tax Band - A

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William Downing
BSc (Hons) MRICS FNAEA MIoD MARLA FNAEA (Comm)
Director

More about the property

BEST AND FINAL OFFERS ARE INVITED BEFORE 26th AUGUST 2022 at mid-day

Excellent opportunity to purchase the freehold of this former fish and chip shop with residential accommodation. The property is considered suitable for alternative uses and would be an ideal development/conversion opportunity into several residential flats (stp).

To the ground floor there is a retail area with installed floor standing fish fryers, store and preparation room. The residential accommodation includes Kitchen, Lounge, four Bedrooms and Bathroom.

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Accommodation

LOCATION
The property is situated in a densely populated residential location, forming part of a parade of local shops close to the junction of Lamb Gardens and Macaulay Drive, approximately 2 miles to the north east of Lincoln City Centre. There are a number of local bus routes passing in close proximity to the property, and it is within easy reach of the A15 and A46.
ACCOMMODATION
The property comprises a substantial mixed-use two storey detached building.

To the ground floor there is a front retail area comprising 264.79 sq ft (24.60 sq m) with several rear storage areas.

The residential accommodation can be accessed from either the tandem garage, lean-to or retail area and comprises fully Fitted Kitchen and Lounge to the ground floor, with 4 good sized Bedrooms and Bathroom to the first floor. The living accommodation benefits from gas central heating and double glazed windows, with shutters to the ground floor.

The Property has a double length garage and externally benefits from a forecourt to the front providing off road parking and there is a larger than average garden to the rear. Furthermore, there is ample on-road parking directly adjacent.
DEVELOPMENT
In the agents opinion the property is suitable for a variety of alternative uses. The property could easily be converted to provide a number of residential flats (subject to statutory and planning consent)
FIXTURES AND FITTINGS
The retail area has been fitted with a 3 pan fryer and several items of equipment associated with a fish and chip takeaway. It benefits from a security alarm and fully shuttered frontage to all the ground floor glazing.

The buyers should satisfy themselves with regards to the suitability of the fixture and fittings.
TENURE
The freehold interest is for sale by informal tender at a guide price of £150,000 (one hundred and fifty thousand pounds). The property will be sold with vacant possession.


BEST AND FINAL OFFERS ARE INVITED BEFORE 26th AUGUST 2022 at mid-day
BUSINESS RATES
The Property has a rateable value of £2,600 in the 2017 rating list. A link to the rateable is below:

https://www.tax.service.gov.uk/business-rates-find/valuations/start/17549032

Small business rate relief may be applicable.
EPC
The current EPC Rating Shop - D
The current EPC Rating Flat- E
VAT
We understand from the vendor that no VAT will be charged on the sale price.
VIEWING
Viewing is strictly by appointment with the sole agents:
Tel: 01522 536777
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