275 Newark Road, Lincoln, LN6 8QE

GUIDE PRICE - £795,000 FREEHOLD

Well-located, Multi-let Investment opportunity

2 Retail Units, 1 Restaurant/Takeaway and 1 Residential Flat

Current rental income is £63,790 p.a.x.

INVESTMENT OPPORTUNITY ,
275 Newark Road, Lincoln LN6 8QE
GUIDE PRICE - £795,000 FREEHOLD

INVESTMENT OPPORTUNITY ,
275 Newark Road, Lincoln LN6 8QE

Detailed Description

The property is a modern and recently refurbished detached building comprising 3 single storey Retail Units a 1 bedroom First Floor Flat to the rear along with a car park. The properties are fullylet as per the tenancy schedule.

Unit 1 is let to Reflect Recruitment Group Ltd and comprises a large Sales Area to the front with 2 x WC's (one disabled), Kitchenette and Store to the rear.

Unit 2 is let to The Lead India Ltd and comprises a large Seating /Bar Area to the front with a Kitchen, Stores and Customer/Staff WC's to the rear. This Unit benefits from a loading/service bay to the rear which is accessed off Station Road.

Unit 3 is let to SK Colourhill Ltd and comprises a Sales Area to the front with a Store, Kitchen and WC to the rear.

The Flat comprises a living room, kitchen, 1 bedroom and bathroom/WC and benefits from its own ground floor access.

Externally there is parking to the rear and a loading bay/yard demised to Unit 2.

Location

Lincoln is a Roman City which has grown dramatically over the last 20 years and which currently has a resident population, to include North Hykeham, of approximately 130,000 people. The A46 bypasses the City and links it to the A1 at Newark approximately 16 miles away. Lincoln has an established rail connection to London Kings Cross with a fastest journey time of approximately 2 hours.

275 Newark Road is prominently located on the corner of Newark Road and Station Road approximately 4.3 miles to the South of the City centre. Newark Road is a busy road that leads directly onto the A46 bypass which is approximately 1.4 miles to the South West and also provides quick access into the City centre.

- High prominent location on the corner of Newark Road and Station Road.