Investment For Sale, Market Rasen

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.

Investment/potential Development Opportunity

Retail Shop, 1st Floor 2 Bedroom Flat & Garden To The Rear

Flat Currently Let By Way Of An Assured Shorthold Tenancy Achieving A Rent

Town Centre Location

Retail Shop & 2 Bedroom Flat
53-55 Queen Street, Market Rasen, Lincolnshire Ln8 3en
Guide Price: £150,000 Freehold

Retail Shop & 2 Bedroom Flat
53-55 Queen Street, Market Rasen, Lincolnshire Ln8 3en
Guide Price: £150,000 Freehold

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.

Total Erv Approx £14,000 Pax