Union Street


For Sale £275,000

4 bedroom commercial in Market Rasen, Lincolnshire




Key Features

  • 2 x Commercial/Retail Units
  • 2 x Residential Flats
  • Town Centre Location
  • Excellent Investment Opportunity

Situated within walking distance of Market Rasen town centre, this property offers a unique opportunity to acquire Two well located Retail Units with Two First Floor Flats.

Both the double fronted retail unit and the flats above currently have sitting tenants, and offer an excellent investment opportunity.

Location -

The property is situated just off the main high street in the popular town of Market Rasen. It is approximately 18 miles from the City of Lincoln and about 20 miles from Grimsby both accessible via train from the local station. The town benefits from a wide range of amenities including a doctors surgery, variety of shops, leisure facilities and both primary and secondary schools.

4, Union Street -

The property has direct access off Union Street and benefits from large windows to the font elevation. The front entrance opens up onto the main Retail Area. Beyond this are additional storage and welfare areas. This unit is currently occupied by long term tenants and is operating as a hair salon. There is also a small open courtyard area to the rear with a pedestrian door off the kitchen. No. 4 has mains electric, water, drainage and gas connected.

Retail Area -

Operating as hair salon by current tenants. Space for washing stations (x2) and (x4) chair stations (not included in sale) with power connections and main service desk in centre (not included in sale).

Store -

Boiler and hot water cylinder, doorway leading on to main retail area.

Office -

Connecting door (unused) to No. 6.

Kitchen -

Fitted wall and base units, sink with drainer, plumbing for washing machine and door onto Courtyard.

WC -

WC and separate hand basin.

4a, Union Street -

Situated above the retail unit, 4a is a 2 bedroom well flat and benefits from a separate pedestrian access off Union Street. The accommodation briefly comprises: –

Lounge -

With radiator, chimney recess with gas point and window overlooking Union Street.

Kitchen -

Wall and base units with, built in sink, ceramic hob and extractor fan. Wall mounted boiler, plumbing for washing machine and tiled flooring.

Bedroom 1 -

Double glazed window to front elevation,

Bedroom 2 -

With single window and airing cupboard housing hot water cylinder.

Bathroom -

Bath with shower over, WC and separate pedestal sink. Part tiled walls and tiled floor.

6, Union Street -

Also benefitting from a separate access off Union Street, this unit is currently functioning as a shop with a long term tenant. The property lends itself to a range of uses with a the large open retail area, double glazed window frontage and additional storage space to the rear. There are mains electric, water, drainage and gas connection is existence.

Retail Area -

Large open retail space with desk area and under stairs storage.

Kitchen/Storage -

Fitted wall and base units with sink and drainer.

WC -

Pedestal basin and separate WC.

Store -

Accessed off the main Retail Area.

6a, Union Street -

Lounge -

With radiator and two windows with views to rear.

Kitchen -

Base and wall units with tiled splash back. Built in oven with hob and extractor. Integrated washing machine, fridge freezer and sink with drainer.

Bathroom -

White suite with sink, back to wall WC, bath and separate shower cubicle. Airing cupboard with hot water cylinder.

Bedroom 1 -

Built in wardrobes with over head wall units and base cupboards. Radiator and single window.

Bedroom 2 -

Radiator and single window overlooking Union Street.

Outside -

No. 4 benefits from a patio courtyard area which can be access via a secure door off the kitchenette.

Services -

Mains electric, gas, water and mains drainage are connected to the subject property.
Electrical Installation Certificates and Gas Safety Record available on request.

Tenure and Possession -

The property is offered for sale freehold subject to Commercial Lease agreements on both retail premises being No. 4 and No. 6.
In addition the residential flats, No. 4a and No. 6a are subject to Assured Shorthold Tenancy agreements.

Method of Sale -

The property is for sale by Private Treaty.

Outgoings -

Business Rates are payable to West Lindsey District Council (WLDC) on the two commercial properties. No. 4 and No. 6 have current rateable values (1 April 2023 to present) of £4,350 and £4,400 respectively.
The flats, being No. 4a and No. 6a are both categorised as Council Tax Band A.

Buyer Identity Check -

Prospective purchasers will be required to provide the necessary identification for the purposes of the Anti-money laundering regulations.

Viewing -

Strictly by appointment through the Selling Agents, Perkins George Mawer & Co.
T: 01673 843011


No. 4:- D
No. 6:- C
No. 4a:- D
No. 6a:- D

Download Brochure

Download EPC

How much is your property or land worth?

Free, no-obligation valuation for all properties or land in Lincolnshire and surrounding areas

Book a valuation


Sign up to receive our latest news and property updates.

© 2024 Perkins George Mawer & Co.

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

Website by Yello