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6 Cornhill, Caistor, Market Rasen, Lincolnshire, LN7 6UB
306 sq. ft. (28.43 sq. m.)
£65,000
Retail
  • Town centre location
  • Recently refurbished coffee shop
  • Share of Freehold of larger property
  • Current rental income of £4,800 per annum
  • Net Initial Yield of 7.25%

INVESTMENT OPPORTUNITY / RETAIL PREMISES FOR SALE
6 CORNHILL, CAISTOR, MARKET RASEN LN7 6UB
GUIDE PRICE £65,000

Arrange viewing

About this property

Detailed Description

A recently refurbished coffee shop with access off South Street, currently producing a rental income of £4,800 per annum. Internally, the property is well-presented and comprises of a seating area with views over the Market Place, fitted kitchen and WC. Externally, there are benches providing additional seating for customers.

Location

Caistor is a market town in Lincolnshire located approximately 10 miles north of Market Rasen and approximately 12 miles south-west of Grimsby. The town has a population of about 2,800 and the main retail area is around Market Place. It has 2 secondary schools including the popular Caistor Grammar School.

The property is located just off South Street which is adjacent to the Market Place which has a range of businesses, including gift shops, eateries, post office and boots as well as car parking.

Accommodation

The Retail Unit has been measured on a Net Internal Area basis.

Description | m2 | Sq.ft
Sales Area | 28.5 | 306
WC | - | -
Total NIA | 28.5 | 306

Services

We understand that the properties are connected to mains gas, electricity, water and drainage.

Viewing

For further information or to arrange a viewing please contact:

BROWN&CO
William Gaunt 01522 504322
07919 694235
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 on 01427 676676.

EPC
The property has an EPC rating of C65

Terms

We are offering the share of freehold interest at an asking price of
£58,000.

Save
To arrange a viewing contact

Brown&CoJHWalter, 5 Oakwood Road, Lincoln, Lincolnshire, LN6 3LH

07919 694235

01522 504322

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