15 Steep Hill, Lincoln, LN2 1LT
£200,000+
Investment
1
Key Features
- A mixed use investment property comprising a shop and self contained flat with rare garden to the rear with Cathedral and city views
- Fully let with a total current rent reserved of £20,740 pa
- On Steep Hill, a popular tourist trail between the Bailgate and the town centre
Part of the
12 December 2024
auction
Trent Bridge Cricket Ground
at
2.30PM
An opportunity to acquire a fully let mixed-use investment property on Steep Hill, a highly sought after pitch on the tourist trail between Lincoln's historic town centre and the Bailgate. Comprising a ground floor shop with a self contained one bedroom flat, fully let with a total current rent reserved of £20,740 pa.
- Freehold investment property (shop, 1 bed flat & garden)
- On Steep Hill, between The Bailgate and the town centre
- Within walking distance of Lincoln Cathedral, Castle/High St.
- GF shop let to Beaumont Brown (furnishings) at £10,000 pa
- Comprising: Retail sales area, rear store room & toilet
- FF: self contained flat let on an AST at £10,740 pa
- FF: bedroom, kitchen, lounge, conservatory & bathroom
- Flat benefits from self contained ground floor access to the rear
- Spacious private garden to rear with Cathedral & city views
- Permit parking available from City Council
- An ideal investment opportunity
Contact Auction Estates on (0115) 7844600
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold, subject to the existing tenancies. Shop let to Beaumont Brown (furnishings) at £10,000 pa Self contained one bedroom flat let on an AST at £10,740 pa Total current rent reserved: £20,740 pa
Refer to Legal Pack
Email: holliewatkins@bannerjones.co.uk
Telephone: 01623 675800