About this property

Detailed Description

The property comprises a Ground Floor Takeaway Premises let to Domino`s Pizza in addition to 3 residential dwellings (1 x 1 Bed Flat, 1 x 2Bed Flat and a 3 Bed End Terrace House).

The property benefits from a communal Yard at the rear and customer seating area to the front.

We have been advised that the whole property is currently let and achieving a rent of £51,400 per annum on the following lease terms:

The Ground Floor Takeaway is at present let to DP Realty Limited for a term of 10 Years on an effective full repairing and insuring basis from 2nd February 2024 at a rent of £25,000 per annum.

There is an upward only rent review in February 2029. Flat 11A is let on a Periodic Tenancy at a rent of £9,000 per annum.

Flat 11B is let on a Periodic Tenancy at a rent of £7,800 per annum.
Number 11C is let on a Periodic Tenancy at a rent of £9,600 per annum.

Location

The property is centrally situated within the popular Village of Tattershall, enjoying easy access to a range of local amenities, Schools, Shops and Leisure facilities. The Village is renowned for the historic Tattershall Castle and is well positioned for access to the wider Lincolnshire area. Woodhall Spa lies approximately 8 miles to the West, Horncastle approximately 8 miles to the NorthEast, and Boston approximately 15 miles to the South-East, offering a broader range of Shopping, Dining and Professional Services.

Accommodation

In terms of gross and net internal area, the various elements of the
property comprises as follows:
Description - Retail/Takeaway Unit | m2 | Sq. ft
Ground Floor - Seating Area | 35.1 | 378
Ground Floor - Kitchen/Prep Area & Stores | 69.1 | 744
Ground Floor - 3 x WC'S (one disabled) | - | -
Total NIA | 104.2 | 1,122

Description - Flat a (2 beds) | m2 | Sq.ft
First Floor - Kitchen/Living Room | 23.3 | 251
First Floor - Bedroom | 17.4 | 187
First Floor - Bedroom & Store | 15.9 | 171
First Floor - Shower room & WC | 5.3 | 57
Total (NIA) |61.9 | 666
Total (GIA) | 67.6 | 728

Description - Flat b (1 bed) | m2 | Sq.ft
First Floor - Living Room/Kitchen | 29.8 | 321
First Floor - Bedroom | 13.4 | 144
First Floor - Shower Room & WC | 2.8 | 30
Total NIA | 46.0 | 495
Total GIA | 46.0 | 495

Description - 11C (3 bed House) | m2 | Sq.ft
Ground Floor - Kitchen | 5.0 | 54
Ground Floor - Living Room | 22.8 | 245
Ground Floor - Store | 1.4 | 15
First Floor - Bedroom | 12.0 | 129
First Floor - Bedroom | 7.6 | 82
First Floor - Shower Room & WC | 2.6 | 28
Second Floor - Bedroom | 23.3 | 251
Second Floor - En-Suite Shower Room & WC | 4.0 | 43
Total NIA | 78.7 | 847
Total GIA | 100.0 | 1,076

Business Rates

Having carried out an online search via The Valuation Office Agency website, we believe that the Restaurant/Takeaway Unit is assessed under the 2026 Rating List as a Restaurant and Premises with a Rateable Value of £10,750.

Flats 11A & B are in Council Tax Band A. Number 11C is in Council Tax Band B.

Interested parties are advised to contact East Lindsey District Council on 01522 601111 to establish the level of Rates and Council Tax payable.

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 and
appliances believed to be 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 purchase this property.

Viewing

VIEWING AND FURTHER INFORMATION
For further information or to arrange a viewing please contact:

Brown&Co William Gaunt
5 Oakwood Road 01522 504322
Lincoln 07919694235
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 as a Takeaway for a number of years and as such has an established use now falling under Use Class Sui Generis.
For further information in respect of planning-related matters, prospective purchasers should contact East Lindsey District Council on 01522 601111.

EPC
The Retail Unit has an EPC Rating of B45 which expires on 23rd August 2033.

Flat 11A has an EPC Rating of E49 which expires on 3rd October 2033.

Flat 11B has an EPC Rating of D60 which expires on 3rd October 2033.

End Terrace House Number 11C has an EPC Rating of E53 which expires on 11th June 2034

Terms

ASKING PRICE:
We are offering the freehold interest, subject to the existing lease and tenancies at a Guide Price of £650,000.