About this property

Detailed Description

The property comprises a detached two storey building of brick construction with a pitched slate roof and consists of a Ground Floor Retail Unit with additional former Mailwork Room, 2 Flats (4 bedrooms & 1 bedroom) and a garden to the rear.

The Retail Unit comprises a Sales Area with 2 Offices and Kitchen and a separate former Mailwork Room with a Kitchenette and 2 WC's. The former Mailwork Room has its own access. The Retail Unit & Mailwork Room are currently let together on a 20 year lease which commenced on the 22nd May 2012 at a rent of £15,000 per annum. There is an upward-only rent review every 5th anniversary of the term (next review May 2027).

Flat 1A is a Ground Floor Flat which comprises a Double Bedroom, Living room, Kitchen, Bathroom/WC and a garden to the rear with a brick Outbuilding/Store. The Flat is currently let on an Assured Shorthold Tenancy at a rent of £7,200 per annum.

Flat 1 is a spacious First Floor Flat with its own access from the Ground Floor that comprises of 4 Bedrooms, Living room, Kitchen, WC and separate Bathroom. We have been advised that the Flat is likely to achieve a rent of £12,000 per annum but will be sold with vacant possession

Location

Woodhall Spa is an attractive Village with excellent facilities including Schools, Banks, Shops, Hotels, Golf Course and social amenities. It is located on the Southern edge of Lincolnshire Wolds, approximately 6 miles South West of Horncastle and 15 miles South East of Lincoln.

The subject property is well-located adjacent to Lincolnshire Co Op on Clarence Road which is the main retail area within the Village.

Accommodation

In terms of gross and net internal area, the various elements of the property comprises as follows:

Description - Retail Unit & Mailwork Room | m2 | Sq.ft
Ground Floor - Sales Area - Zone A | 27.1 | 292
Ground Floor - Sales Area - Zone B | 61.1 | 658
Ground Floor - Former Mailwork Room / Kitchen | 61.8 | 665
Ground Floor - 2 x WC'S (within Mailwork Room) | - |
Total NIA | 150.0 | 1,615

Description - Flat 1A | m2 | Sq.ft
Ground Floor - Bedroom | 13.0 | 140
Ground Floor - Living Room | 18.5 | 199
Ground Floor - Kitchen | 7.5 | 81
Ground Floor - Bathroom | 6.1 | 66
Outbuilding/Store | 9.8 | 105
Total (NIA) (excluding outbuilding/store) | 45.1 | 485

Description - Flat 1 | m2 | Sq.ft
First Floor - Kitchen | 17.0 | 183
First Floor - Living Room | 19.1 | 205
First Floor - Bedroom 1 | 11.0 | 118
First Floor - Bedroom 2 | 17.4 | 187
First Floor - Bedroom 3 | 19.1 | 206
First Floor - Bedroom 4 | 13.5 | 145
First Floor - Bathroom/Shower Room | 6.8 | 73
First Floor - WC | 1.2 | 13
Total NIA | 105.1 | 1,131

Business Rates

Having carried out an online search via The Valuation Office Agency website, we believe that the Retail Unit is assessed under the 2026 Rating List as a Post Office and Premises with a Rateable Value of £13,500.

Flat 1A is in Council Tax Band A and Flat 1 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 tenants 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

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

EPC
The Retail Unit has an EPC Rating of C65 which expires on the 18th March 2036.
The former Mailwork Room has an EPC Rating of C62 which expires on the 18th March 2036.
Flat 1A has an EPC Rating of D60 which expires on the 17th March 2036.
Flat 1 has an EPC Rating of D62 which expires on the 7th August 2029.

TOWN AND COUNTRY PLANNING
The Retail Unit has been used as a Shop/Post Office for a number of years 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 East Lindsey District Council on 01522 601111.

Terms

We are offering the freehold interest at a Guide Price of £550,000.

The Post Office & Flat 1A will be sold subject to the existing tenancies and Flat 1 will be sold with Vacant Possession.