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Commercial property for sale

Queen Street, Market Rasen, LN8

£275,000

Interested in this property? Call us on 01673 843011

Property features

  • Four spacious self contained flats
  • Two self contained ground floor rental units
  • All flats recently refurbished to a high specification
  • Central location in historic market town
  • Gas central heating and double glazing
  • Generates an income of £38,000 per annum

Property location

Property description

Summary
Perkins George Mawer are pleased to offer for sale this well presented investment opportunity located in central Market Rasen comprising four spacious self-contained flats and two self-contained ground floor retail units, all let under the terms of Assured Shorthold Tenancies generating a gross income in the region of £38,000.

Situated in the centre of Market Rasen & close to local amenities. The property provides an excellent investment opportunity with a mixture of residential and retail units. All four flats were refurbished five years ago to a high specification including modern kitchens and bathrooms, gas central heating and uPVC double glazing and secure entry system.

Location:
One of the western gateways to the Lincolnshire Wolds (designated an Area of Outstanding Natural Beauty), Market Rasen has an ideal location, standing on the River Rase. Market Rasen is a small historic Market Town which boasts supermarkets local shops selling local produces, friendly pubs and stunning surrounding countryside. Facilities are excellent and besides the thriving shopping centre there's a police station, fire and ambulance stations, railway station, excellent schooling, doctor's surgery, good access to NHS dentists and a library.
The racecourse is the only one in Lincolnshire and a golf course, and a number of new residential developments which have brought in new residents to this pleasant corner of Lincolnshire.

Directions:
Queen Street is the main High Street' running through Market Rasen and the flats and retail units are on the same high street as Boots, Cooplands Bakery, Lloyds Bank and estate agents.

Description:
The four self-contained flats are located above 6 Queen Street, sharing a communal secure entrance lobby. All four flats are similar in terms of size and specification, briefly comprising, open plan lounge/dining kitchen, two double bedrooms, bathroom. The larger of the four flats also has the benefit of an ensuite shower room off the master bedroom.

Flat 1 - 97m2

Flat 2 - 83m2

Flat 3 - 83m2

Flat 4 - 83m2

Retail Unit 1 - EPC D (Currently being used as a photography shop). Comprising shop unit front, kitchen/toilet and studio.

Retail Unit 2 - EPC G (Currently being used as a hobby shop). Comprising shop unit front and kitchen/toilet.

Services:
Flats - Mains drainage, gas, water, electricity and drainage are connected, with each property having benefit of a gas fired central heating system servicing the radiators throughout. Share two water meters.

Shops Mains drainage, water, electricity are connected. Heating is via electric storage heaters. Share a water meter.

Rateable Value:
According to the vendor, the shop units are exempt from business rates at this time. The flats is currently in Council Tax Band A.

Fixtures & Fittings:
Only those items described within these sales particulars are included within the sale.

Brochure Details:
This brochure including photography was prepared by Perkins, George Mawer & Co. In accordance with the seller's instructions of June 2018

Viewing:
Strictly through the Selling Agents at their Market Rasen office. Tel: 01673 843011

Opening Hours:
Monday to Friday : 9 am to 5.00 pm - Saturday 9 am to 12.00 pm

Interested in this property? Call us on 01673 843011
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PERKINS GEORGE MAWER & CO

01673 843011

Weekdays: 9:00am - 5:15pm
Saturday: 9:00am – 12noon

Corn Exchange Chambers, Queen Street, Market Rasen LN8 3EH

info@perkinsgeorgemawer.co.uk

Chartered Valuation Surveyors & Estate Agents
Agricultural & Fine Art Auctioneers