LOCATION
The property occupies an excellent position, on the lower section of Steep Hill, adjacent to Danes Terrace and The Strait. The Steep Hill district, famed for its eclectic mix of boutiques and restaurants, is located and restaurants located within the historic tourist district of Lincoln. Lincoln has a population of around 130,000 residents and is a vibrant city which, in addition to its rich cultural history, has a growing University and other excellent facilities, resulting in Lincoln being a popular tourist destination and place to live.
DESCRIPTION
Rare Freehold Opportunity - We are delighted to offer this interconnecting pair of retail buildings, sat within the heart of the historic part of Lincoln's City Centre, on the famous 'Steep Hill', popular with tourists, within a mixed residential/commercial district, with surrounding businesses comprise niche retailers, coffee shops, restaurants etc taking advantage of the high footfall and tourist trade visiting Lincoln's historic Cathedral Quarter. The property is offered for sale with Vacant Possession and previously successfully traded for many years as an antiques centre, but is now considered suitable for a variety of business uses. There is currently retail space at ground and first floor level providing for a total of 83 sq.m (895 sq.ft). The property also benefits from a large partially covered, enclosed courtyard area to the rear. Viewing is highly recommended.
ACCOMMODATION
64 & 65 Steep Hill comprise two interconnecting retail units, each having their own front door, with retail accommodation at ground and first floor level, divided into four rooms, as shown on the floor plan below. The total floor area extends to 83 sq.m (895 sq.ft), incorporating a kitchen area and WC compartment.
Externally, the property fronts directly onto Steep Hill, whilst to the rear there is an attractive and good-sized enclosed courtyard area, which is partially covered and previously used for display purposes.
SERVICES
Mains drainage, water and electricity are connected. There is only one water meter which services both pair of buildings, but there are separate meters for the electric for each side.
EPC Rating - D
TERMS
Tenure - The property is available on a Freehold basis.
The property is not classified as a Listed Building but is located within a Conservation Area, restricting how the external elevations can be altered. Further details are available on request.
OUTGOINGS
Rateable Value - £17,750
The property benefits from the reduced 'Retail, Hospitality & Leisure' Multiplier of £38.2p in the pound, resulting in a total rates payable of £6,780.50.
VAT
VAT is not payable on the purchase price.
VIEWING
By prior appointment with Mundys Commercial.
