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4 bedroom end of terrace house for sale
Newark Road, Lincoln
£299,950
Newark Road, Lincoln
£299,950
Our Summary
- Description Investment Properties For Sale (Business Unaffected) - We are pleased to offer for sale this excellent investment property located on the south side of Lincoln City Centre, comprising a mixture of commercial and residential tenancies with the added attraction of additional development potential to the rear
- DEVELOPMENT POTENTIAL In addition to the existing income being generated from these properties, the Landlords have previously obtained Planning Consent (Application No: 2014/0059/F) for an extension to the rear of both buildings, in order to create two additional self-contained dwellings
- Whilst this Planning Consent has now lapsed, we see no reason why it should not be re-established if required
Description
This investment property is located on Newark Road, one mile south of Lincoln City Centre, and comprises a mix of commercial and residential tenancies with potential for further development. The property generates a total income of £20,940 per annum, with the retail premises let under a three-year lease and the two residential units let under Assured Shorthold Tenancies. The property has previously obtained planning consent for an extension to create two additional self-contained dwellings, which has since lapsed, but could be re-established. The property is available on a freehold basis and has all mains services connected. With its central location and potential for development, this property presents an attractive investment opportunity.