LOCATION
The property is located on the southern fringe of the popular village of Navenby, situated approximately 10 miles south of Lincoln City Centre and fronting onto the A607. Navenby village is a highly regarded affluent village with a vibrant High Street, which includes a range of independent retailers covering all day-to-day needs.
DESCRIPTION
Detached Mixed-Use Investment Property For Sale - We are pleased to offer for sale this modern purpose-built property comprising a ground floor retail unit, currently trading as a successful hairdressing salon, together with a self-contained one bedroom apartment above, offered for sale subject to a tenancy on the ground floor accommodation and Vacant Possession of the upper floor apartment. The property benefits from having parking space to the front and rear and, whilst the apartment would benefit from further refurbishment, it offers an excellent opportunity to a local Investor. The ground floor accommodation extends to 60 sq.m (646 sq.ft) and the first floor apartment extends to 54 sq.m (581 sq.ft) Viewing is highly recommended.
ACCOMMODATION
The ground floor salon is principally open-plan and presented to a high specification.
The upper floor apartment is self-contained having access from the rear courtyard area, giving access to an open-plan living room/kitchen, bedroom and bathroom/WC. The apartment has the benefit of potential for alteration to comprise two bedrooms, given the current layout.
SERVICES
The retail unit and apartment are separately serviced, having mains electricity, water and drainage.
EPC Ratings - B(38) Retail & E(52) Apartment
TERMS
TENANCY INFORMATION - The property is held on a Freehold basis and is subject to a ground floor tenancy agreement commencing 1st March 2026 for a term of 6 years with a current passing rent of £13,800 per annum, subject to a rent review at the end of the third year of the term. Full details are available on request.
The first floor apartment is being offered for sale with Vacant Possession in order to allow the Purchaser the opportunity of undertaking some cosmetic improvement in order to achieve an optimum rental level.
OUTGOINGS
BUSINESS RATES & COUNCIL TAX - The retail premises have a Rateable Value of £10,250 (effective from 1st April 2026).
The first floor apartment has a Council Tax Band of A (North Kesteven District Council)
VAT
VAT is not payable in addition to the purchase price.
VIEWING
By prior appointment via Mundys Commercial - 01522 556088
