Retail property (high street) for sale
Property description & features
- Tenure: Freehold
- Ground floor tenant paying £18k per annum
- Vacant upper floors - offices
- Finance available Subject to Status
- Bourne Town Centre Location
- Commercial ERV circa £50k
- Upper floors have planning for 3 apartments
Bourne is a market town and civil parish in the South Kesteven district of Lincolnshire. Situated on the eastern slopes of the Kesteven Uplands and the western edge of the Lincolnshire Fens. The population taken at the 2001 census was 13,961, which increased to 14,456 at the 2011 census and continues to grow.
The town's economy was based on rural industries until the railway opened up a market for bottled mineral water. Although it is still focused on agriculture and food preparation for supermarkets, there are also important light engineering and tourism activities.
Viewing is strictly by prior appointment via the sole agents P & F Commercial [use Contact Agent Button] or via [use Contact Agent Button]
Offered for sale on a part investment and part vacant basis.
The ground floor will be leased back to the sellers of the property on a new 5-year term with an initial passing rent of £18,000 per annum plus insurance.
The upper floors are set up for studio and treatment rooms and could be let individually. The upper floors also offer potential to be split into 3 residential dwellings and benefit from full planning for this conversion.
We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.
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