Property Information
Address:
9 West Parade, Lincoln, Lincolnshire
, LN1 1NL
, Lincolnshire
, United Kingdom
Price: Sale Price: £550,000
Size: 3000 sq ft279 sqm
Primary Category: Shop
All Categories:
Investment, Shop,
Property Ref/Movehut: MH688323
Property Ref/Agent: 441343
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 7, 2024
Property description
Prime City Centre investment opportunity
Fully let with £40,160 income per annum
3 x One Apartments, 1 x 2 bed Apartment, Ground floor Bistro
Basement & garden area with further development potential
(stp)
Prime City Centre investment opportunity - Fully let with £40,160 income per annum - 3 x One Apartments, 1 x 2 bed Apartment, Ground floor Bistro - Basement & garden area with further development potential
(stp) - Lapsed planning under ref 2012/0246/RN
Detailed Description
A city centre investment opportunity comprising 3 x one bedroom apartments, 1 x two bedroom apartment and a ground floor cafe/bistro with indoor and outdoor seating. The accommodation is arranged over four floors and extends to around 3,000 sq ft with the basement level and rear garden offering further development potential subject to planning.
The property is fully let with a total rent passing of £40,160 p/a which breaks down as follows and includes bills.
Deli - £8,840 per annum
Flat 1 £640 pcm
Flat 2 £720 pcm
Flat 3 £610 pcm
Flat 4 £640 pcm
*including the rent increases due on the 1st March 2024
Lapsed planning under ref 2012/0246/RN
Prime City Centre investment opportunity
Fully let with £40,160 income per annum
3 x One Apartments, 1 x 2 bed Apartment, Ground floor Bistro
Basement & garden area with further development potential
(stp)
Lapsed planning under ref 2012/0246/RN
;