About this property

Detailed Description

53-55 Queen Street briefly comprises of a two storey building of brick construction under a pitched slate roof covering with a large garden to the rear.

Internally, the property comprises from a large Retail Shop and a 2 bedroom 1st Floor Flat. The Shop has a Ground Floor Sales Area leading to a WC and the 1st Floor has two Offices/Stores. The Flat is located on the first floor and is currently let by way of an Assured Shorthold Tenancy at a rent of £5,778 per annum.

The property has development potential and may be suitable for a variety of uses, subject to the necessary planning consents.

Location

The Market Town of Market Rasen is situated on the edge of the Lincolnshire Wolds approximately 13 miles North East of Lincoln and 14 miles West of Louth.

Queen Street is the main Retail Street within the Town and the property is located on a busy crossroads.

Accommodation

The Retail Unit has been measured on a Net Internal Area basis and the Flat has not been inspected, therefore the gross internal area has been taken from an EPC.

Description - Retail Unit | m2 | Sq.ft
Ground Floor - Sales Area | 84.0 | 904
Ground Floor - WC | - | -
1st Floor - Stores/Offices | 21.0 | 226
Total NIA | 105.0 | 1,130

Description - Flat (not inspected) | m2 | Sq.ft
Total GIA | 83.0 | 893

Business Rates

The Retail Unit is assessed under the 2023 Rating List as a Shop and Premises with a Rateable Value of £7,500.

The 1st Floor Flat is in Council Tax Band A.

Interested parties are advised to contact West Lindsey District Council on 01427 676676 to establish the level of Business Rates and Council Tax payable and any reliefs available.

Services

We understand that the property is connected to mains gas, electricity, water and drainage.

We have not carried out any tests on any of the services or appliances present at the property and potential purchasers should arrange for their own tests to ensure that any services are adequate and in good working order prior to committing to offering to purchase this property.

Viewing

For further information or to arrange a viewing please contact:

BROWN&CO William Gaunt
5 Oakwood Road 01522 504322
Lincoln 07919 694235
LN6 3LH william.gaunt@brown-co.com

VAT

We understand that the property is not elected for VAT.

Legal Costs

Each party will be responsible for their own legal costs incurred in respect of any sale negotiated.

Other

TOWN AND COUNTRY PLANNING
The Retail Unit has been used for many years as a Coffee Shop and as such has an established use now falling under Use Class E.

For further information in respect of planning-related matters, prospective purchasers should contact West Lindsey District Council Tel: 01427 676676.

BUSINESS RATES & COUNCIL TAX
The Retail Unit is assessed under the 2023 Rating List as a Shop and Premises with a Rateable Value of £7,500.

The 1st Floor Flat is in Council Tax Band A. Interested parties are advised to contact West Lindsey District Council on 01427 676676 to establish the level of Business Rates and Council Tax payable and any reliefs available.

Terms

GUIDE PRICE
The whole property is available at £150,000.