01522 88 88 84
 35 Redwood Drive, Lincoln, Lincolnshire, LN5 9BN

Burton Road, Lincoln

£300,000

  • INVESTMENT OPPORTUNITY
  • THREE FORMS OF INCOME
  • RESIDENTIAL & COMMERCIAL
  • DETACHED BARN CONVERSION TO REAR
  • 3 BEDROOM FIRST FLOOR FLAT
  • BUSINESS PREMISES
  • REAR YARD
  • BALCONY/ROOF TERRACE

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***RESIDENTIAL AND COMMERCIAL OPPORTUNITY *** An excellent opportunity to purchase a large FREEHOLD INVESTMENT in an uphill location. This property is currently a well run Convenience store on the ground level which could be adapted to a different business unit if required or with an application for change of use turned into further residential property. On the first floor the property also has a 3 bedroom apartment which is currently tenanted and to the rear of the property is a detached 1 bedroom barn conversion which also has a sitting tenant. Providing three incomes at current this property is one not to miss out on especially with its location and having the potential for other avenues if required. Please contact Kinetic on 01522 888884 for further information and to view

Ground Floor Commercial Premises Approx 52.13 sq meters or 25'07 ft x 21'02 ft
The ground floor has a well organised sales shop area of around 52.13 sq meters. The downstairs is currently ran as a local convenience store which could be adapted if required to another business or with an accepted application for change of use to another residential. The current shop fittings are included if required.

Store room
There is a store room to the rear of the property for current stock this is approx 6.16 sq meters. There is also the separate access for the first floor flat via the back entrance which is off the store room. The rear yard can also be accessed via the rear entrance of the shop.

Downstairs WC
Comprising of low level WC, handbasin and the water meter is also located in here.

Cellar Approx 20.9 sq meters.
The cellar is currently being used as another store room, it has both lighting and electrics and also houses the gas and electric meters.

Rear shared yard Approx 10'07 ft x 10'09 ft
An alleyway which leads down the side of the shop gives access to the rear gated yard, a one bedroom barn conversion and an outside store.

First Floor apartment Approx 58.0 sq meters
A spacious 3 bedroom first floor apartment with a tenant in situ currently paying £560PCM, comprising of Stairs rising to landing/hallway, Kitchen having wall and base units, work surfaces, sink & drainer, electric oven, tile effect vinyl flooring and access to the loft. 3 good sized bedrooms, shower room, a fantastic sized lounge and also benefits from a balcony/roof terrace which has plenty of room for a table and chairs. The property has gas central heating, double glazing and it also has its own access via the rear of the shop.

Barn Conversion To The Rear Approx 29.72 sq meters
Accessed via the side alleyway with its own use of the shared gated yard, the property comprises of Kitchen/living space to the ground floor and the first floor having a double bedroom with ensuite. The services to the property are electric and mains water.

Town & Country Planning
The current use of the ground floor property falls within Class A1 (Retail) and the first floor and barn conversion within Class C3 (Dwelling houses) of the Town & Country Use Classes Order 1987 (as amended).

Rental Income
The two current rental investments (3 bed apartment & 1 bedroom barn) are bringing in approx £960pcm

Location
The property is located in the ever popular uphill area within walking distance to the Bailgate its situated on the junction where Burton Road meets Union Road and Westgate, almost opposite the Castle walls.

Tenure
The property is available For Sale freehold. The retail element will be sold with vacant possession and the residential accommodation is currently let on individual Assured Shorthold Tenancies.

Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

Reference: KIT1000362


Disclaimer

These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

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