77 High Street, Lincoln

£195,000
For Sale
1/4
£195,000
For Sale
Jamie Thorpe
MSc MRICS
Chartered Surveyor
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Property summary

FREEHOLD SALE
Attractive three storey period building
Potential for alternative uses (STPP)
Prominent frontage onto High Street
Adjacent to KFC, Domino's and Papa Johns
Parking for 4 cars
Established trading location
Retail and ancillary accommodation
EPC Rating - E(110)

Get in touch

Jamie Thorpe
MSc MRICS
Chartered Surveyor

More about the property

A rare opportunity to purchase an attractive period building situated in an established trading location only a short distance from Lincoln’s main retail core. The Property comprises a mixture of ground floor retail accommodation, office accommodation and ancillary storage areas spread across three storeys. Externally, the property has the added benefit of off road parking for around 4 cars.

Considering the location, size and surrounding uses we expect that the property would suit a variety of alternative uses subject to obtaining the necessary statutory and regulatory consents.

Location

Accommodation

LOCATION
The property is prominently located in a prominent position on High Street,in a busy mixed use area, only a short walk from Lincoln’s main retail core. It is located directly opposite KFC, Domino's and Pappa Johns.

Lincoln is one of England’s finest Cathedral cities and the administrative and major shopping centre within the County of Lincolnshire. It has a catchment population of circa 543,367 and an established total catchment spend of £984.40m. It also has a growing University with close to 15,000 students and economic staff based on the main campus, contributing an estimated £250m to the local economy.

Lincoln is connected to the A46 dual carriageway which links to the A1 main transport link and the national motorway network together with dual carriageway to Leicester accessing the M1 motorway. It is approximately 15 minutes by train from Newark Northgate station which benefits from a regular LNER service to London's Kings Cross with a minimum journey time of 1 hour 20 minutes.
ACCOMMODATION
The Property comprises an attractive period retail building, which has been used by the current owners as a Travel Agents for many years. It provides a ground floor retail area, offices and storage areas spread over three floors.

Externally, the property includes parking for around 4 cars, with a further small self contained yard area.

A floor plan of the property can be found attached to these particulars.
SERVICES
Mains water, electric, gas and drainage are connected to the property. Furthermore, a gas fired central heating system to radiators serves part of the building. The services or installations have not been serviced or tested.
TOWN AND COUNTRY PLANNING
We understand the Property has established use as Retail, which falls within use class E (Commerical, Business and Service) of the Town and Country Planning Use Classes order 1987 (as amended).

We believe the Property has potential for re-development and coversion, subject to necessary and appropriate statutory consents.

We recommend interested parties confirm with the local authority that their intended use is in keeping with the permitted use of the building.
RATEABLE VALUE
We are advised from enquiries to the Valuation Office Website that the 2017 rateable value for the property is:

Description: 77 High Street, Lincoln
Rateable Value: £9,500

Small businesses are likley to be eligable for small business rates relief. Please enquire with the charging authority, which is City of Lincoln Council.
TENURE
The property is for sale freehold with a guide price of £195,000
VAT
VAT may be applicable and will be charged at the appropriate rate.
LEGAL COSTS
Each parties is liable for their own legal costs in documenting the transaction.
VIEWING
Viewing is strictly by appointment with the sole agents:

Pygott & Crone, 36a Silver Street, Lincoln, LN2 1EW
Tel: 01522 536777
Email: commercial@pygott-crone.com
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