MapHeavy industrial
Auction
Sold STC
Heavy industrial
2,178 sq ft / 202 sq m
Features and description
- Tenure: Freehold
- Commercial development opportunity
- 1 garage and 7 lock-up units
- Freehold title
- Previous planning
- Potential to achieve £5880.00 per annum
*For sale via secure sale online bidding: terms and conditions apply.*
We are pleased to offer to auction this commercial development opportunity being offered. Located to the rear of Numbers 2-6 Sewells Walk, Lincoln, immediately to the rear of 416 High Street, Lincoln.
Offering a fantastic opportunity in the sought after southern side of the city centre, the site currently comprises of 1 garage and 7 lock-up units.
On the information provided, it is understood that the rental of the smaller units is £60 pcm and the garage to be £70 pcm - potential to achieve £5880.00 per annum and a potential yield of 14%.
The site previously had full planning permission for the erection of a single storey industrial building which has expired. City of Lincoln Council Planning Application No: 2017/0502/FUL
Mains water, electricity, drainage and gas are understood to be available for connection but prospective purchasers should make their own enquiries of the relevant authorities.
(All units are rented bar 1&5 up to date)
Please note we have not inspected this property.
We are pleased to offer to auction this commercial development opportunity being offered. Located to the rear of Numbers 2-6 Sewells Walk, Lincoln, immediately to the rear of 416 High Street, Lincoln.
Offering a fantastic opportunity in the sought after southern side of the city centre, the site currently comprises of 1 garage and 7 lock-up units.
On the information provided, it is understood that the rental of the smaller units is £60 pcm and the garage to be £70 pcm - potential to achieve £5880.00 per annum and a potential yield of 14%.
The site previously had full planning permission for the erection of a single storey industrial building which has expired. City of Lincoln Council Planning Application No: 2017/0502/FUL
Mains water, electricity, drainage and gas are understood to be available for connection but prospective purchasers should make their own enquiries of the relevant authorities.
(All units are rented bar 1&5 up to date)
Please note we have not inspected this property.
Rooms
Location
The subject site is located to the rear of Numbers 2-6 Sewells Walk, Lincoln, immediately to the rear of 416 High Street, Lincoln and offers a fantastic opportunity in the sought after southern side of the city centre. Lincoln has a mix of old buildings, shops, cafes, and modern services. The site is close to famous landmarks like Lincoln Cathedral.
Site Details
The site comprises of 1 garage and 7 lock-up units measures approximately 0.05 acres (202.34sqm) with a perimeter of roughly 67.49m.
Tenure
Freehold. Title number LL262297.
About this agent
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.