Pro Seller · View My Profile
· 01522 536777
You have no shared connections.
· Joined: Feb 17, 2011
£700,000
Lincoln, Lincolnshire, An excellent opportunity to acquire
Price:
£700,000 Get Prequalified Today
Contact:
01522 536777
View Map
Description:
An excellent opportunity to acquire this freehold present residential investment property comprising two large semi detached dwellings being number 229 and 231 Newark Road. The property has recently been converted into 8 flats and also includes a larger site to the front and rear which would suit a residential redevelopment extending to in the region of 0.12Ha (0.30Acres). The property is situated in a predominantly residential area with some commercial to the south of the city of Lincoln.
SITUATION
Lincolnshire is one of the fastest growing economies in the UK and according to figures the City of Lincoln has a population of in excess of 85,000 (2001 Census) and a retail catchment area of in the region of 300,000. Lincoln is traditionally the financial centre of Lincolnshire having a long history of engineering with companies such as Siemens, Walkers, British Telecom, Lincat and Anglian Water based here.
LOCATION
The subject property is situated on Newark Road adjoining the Walkers Crisps factory and is subject to an excellent redevelopment opportunity subject to planning. The property is presently let out on a formal tenancy basis.
ACCOMMODATION
The present accommodation comprises two large semi detached dwellings constructed at the turn of the 20th century and comprising ground and first floor accommodation and 231 Newark Road is presently converted into 4 flats all on assured shorthold tenancies. 229 Newark Road has recently been converted into 4 further residential apartments which require minor works to bring them to a state of completion. The agents believe that the site does have potential for residential redevelopment on the whole site and has a vehicle access to the rear.
SITE AREA
The overall site area is 0.12Ha (0.30Acres).
SERVICES
Mains electricity, water, drainage and gas are connected to the property however the agents can confirm that no supplies were tested at the time of inspection.
PLANS
A copy of the plans for the recent renovation works is available from the agents.
VAT
The price expressed in these particulars will be exclusive of VAT at the appropriate rate.
TENANCIES
The present owner has occupiers on seasonal tenancy agreements due to the nature of their work. Full rental income details can be made available.
PLANNING
The agents believe that the site does have residential redevelopment opportunities and any further enquiries should be made through Lincoln City Council
Tel: 01522 881188
VIEWING
For further information contact the agents at the usual address and details.
NOTE
The Money Laundering Regulations 2003 has been extended to include estate agency work with the definition of relevant business. Estate agency is as defined in the Estate Agents Act 1979. Auctioneers and estate agents will have to put certain anti-money laundering procedures into place. Failure to do so will be a criminal offence that carries a penalty of a maximum of two years imprisonment, or a fine or both.
The principal requirements are identification of clients, record keeping, internal reporting procedures and employee training and awareness.
This footer paragraph is an example only and should not be relied upon as complying with current legislation. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
Property Type:
Single-Family Houses
For sale by:
Agent/Broker
Phone:
01522 536777
Posted:
Contact:
01522 536777
-
Let me know if you have any questions. – Pygott & Crone - Commercial
Ask a question or leave a comment...
More About this Listing: Lincoln, Lincolnshire, An excellent opportunity to acquire
Lincoln, Lincolnshire, An excellent opportunity to acquire is a Houses for Sale at 229/231 Newark Road in Lincoln LIN. Find other listings like Lincoln, Lincolnshire, An excellent opportunity to acquire and listings near 229/231 Newark Road by searching Oodle Marketplace for Houses for Sale in Lincoln LIN.
Lincoln, Lincolnshire, An excellent opportunity to acquire is a Houses for Sale at 229/231 Newark Road in Lincoln LIN. Find other listings like Lincoln, Lincolnshire, An excellent opportunity to acquire and listings near 229/231 Newark Road by searching Oodle Marketplace for Houses for Sale in Lincoln LIN.