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1 bed property
High Street, Horncastle LN9
Auction
£230,000
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Our Summary
- Auction sale
- SUMMARY AUCTION SALE 23 June 2026 - Mixed use property Commercial to the ground floor & 2 residential flats above Potential combined rental income of approximately £28,000pa EPC rating Shop floor - C flats - D DESCRIPTION A mixed-use property comprising a commercial premises to the ground floor and 2 residential flats above
- The ground floor space measures approximately 88sqm (information taken from the EPC), offering a spacious unit suitable for a number of potential uses, subject to any necessary permissions/consents
- Occupying a prime position in the town centre, this represents a very good investment opportunity with the ability to generate multiple income streams via the commercial/residential accommodation
- The building has the potential for £30k a year, flat 1 has potetentional for £750 and flat 2 has potentional for £700 with the shop marketing at £125000 per annum brings annum rents to £29900 per annum
- Tel: Email: By arrangement with the auctioneers - please see important advice for viewers on page 19 of this catalogue FOR SALE VIA THE MIDLANDS AUCTION CENTRE IN ASSOCIATION WITH BARNARD MARCUS AUCTIONS TUESDAY 23rd JUNE 2026 AT 9
- Conditions Of Sale *Guide And Reserve Prices Guide Price: An indication of the seller's current minimum acceptable price at auction
- As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued
- Both the guide price and the reserve price can be subject to change up to and including the day of the auction
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Description
A mixed-use property in Horncastle, Lincolnshire, features a commercial premises on the ground floor and two residential flats above. The commercial space measures approximately 88 square meters and has been used as a barber shop and hair salon. The two residential flats span two floors, with the first floor featuring a living room, kitchen, and two bedrooms, and the second floor containing two bedrooms and a bathroom.