Property Description

A freehold investment opportunity part let and currently producing £22,800 per annum. (£1,900 per calendar month). The property comprises a two-storey building with two separate commercial units to the ground floor and an open plan office above both. Number 11 High Street is occupied by Nationwide Kitchen Installations Limited who occupy on a 10-year agreement commencing 15/01/2020 with a rent passing of £14,500 per annum. We have seen an unsigned copy of the lease agreement and note that sections 24 and 28 of LLTA1954 do not apply to this lease. Interested parties are advised to inspect the legal pack for more information. We have been advised that Nationwide Kitchens are paying £8,300 per annum as a separate verbal agreement in order to occupy the storage area to the rear of number 13 High Street. Number 13 High Street is a vacant unit extending 1,086 sq.ft with access to the upper floors via a staircase. To the rear of the unit is a storage area/unit which could not be inspected as it was occupied by the tenants of 11 High Street at the time of inspection. We estimate it to extend circa 950 sq.ft and believe it benefits from seperate access as well as access from number 13 High Street. Interested parties are advised to make their own assumptions as to this as we could not varify upon inspection. The first floor extends above both units and offers extensive open plan office space extending circa 5,000 sq.ft which has been partitioned off to create smaller offices and work areas. There is a staircase at the rear which gives access to number 11 High Street below. To the rear of the property is a yard accessable from King Edward Street. There is space for several cars access to the rear of both units and access to the storage unit behind number 13. There is planning permission granted for the creation of 6 apartments on the first floor. Interested parties are advised to inspect the legal pack for more information and the North Lincolnshire planning portal planning number: PA/2020/1869 The property is located in Kirton-in-Linsey a market town north of Lincoln with good access to the M180 motorway. The property fronts the High Street and occupies a prominent position within the town centre.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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