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Bailgate, Lincoln, Lincolnshire, LN1

££750,000 Guide

4 Bedroom Apartment For Sale

* INVESTMENT OPPORTUNITY * Mixed Use Residential & Retail Property * Passing Rent of £35,540 PA * Located in the popular Bailgate area of Lincoln, this mixed use property has been highly renovated including new roof, timbers, decoration, carpets, heating NEST controls and kitchen. The property comprises of a ground floor retail area with seating area, kitchen and WC's on the basement level. Separately, there is a four bedroom house boasting; Kitchen Diner, Utility Room, Lounge, Four Bedrooms, Ensuite and Bathroom. Outside is a decked courtyard.

INTRODUCTION

Located in the popular Bailgate area of Lincoln, this mixed use property has been highly renovated including new roof, timbers, decoration, carpets, heating NEST controls and kitchen. The property comprises of a ground floor retail area with seating area, kitchen and WC's on the basement level. Separately, there is a four bedroom house boasting; Kitchen Diner, Utility Room, Lounge, Four Bedrooms, Ensuite and Bathroom. Outside is a decked courtyard.

LOCATION

The city of Lincoln is one of England's most historic cities, with the impressive Norman castle and one of the finest medieval cathedrals in Europe. The city also benefits from two well-regarded universities, a fantastic entertainment district and a wealth of bars and restaurants. The property is situated on the edge of the historic Bailgate area of Lincoln, a popular part of the city with picturesque streets and historic interest, as well as having a superb selection of amenities, schools and excellent transport links. The A15 and the A46 roads provide direct access to the north and south of the county. There are also direct trains to London and Edinburgh from Newark Northgate.

SHOP ACCOMMODATION



Ground Floor Sales Area

Wood windows and door, half wall panelling, tiled floor and stairs to lower level.

Basement

Male and female WC's, kitchen area with tiled floor, fitted wall and base units and stainless steel sink and sitting area.

APARTMENT ACCOMMODATION



Entrance Hall

Wood floor and door, coving to ceiling, under-stairs cupboard, radiator and stairs to half landing.

Kitchen Diner
15'8" x 14'9
Newley fitted wall and base units, integrated appliances including oven with induction hob, stainless steel extractor, dishwasher and fridge freezer, tiled splashbacks, original fireplace with painted surround and tiled inset, exposed beam, laminated floor, cupboard housing ideal gas fired boiler and ceiling light.

Utility Room
7'8" x 9'4
Fitted base units, space and plumbing for washing machine, two under-stairs cupboards, half glazed door, laminate floor, radiator and recessed spotlights.

Bedroom Four/Study
10'0" x 7'6
Carpet, wooden double glazed windows, radiator and two ceiling lights.

First Floor Landing

Carpet, radiator, smoke alarm and ceiling light.

Lounge
12'11" x 13'9
Feature bay window, cast fireplace with marble surround, exposed beam, TV aerial point, picture rail, wall lights and ceiling light.

Bathroom

Tiled floor and walls, low level WC, pedestal wash hand basin, bath with mixer taps and mixer shower above, chrome and glass shower screen, large chrome ladder radiator, exposed beam, extractor and ceiling light.

Bedroom One
14'11" x 10'0
Carpet, wood window, picture rail, exposed beam, radiator and ceiling light.

En-suite

Tiled floor and walls, low level WC, pedestal wash hand basin, mains shower with glass and chrome surround, heated towel rail, extractor and cupboard.

Second Floor Landing

Carpet, Velux window, loft access, radiator and ceiling light.

Bedroom Two
15'10" x 10'11
Carpet, wood window, radiator and ceiling light.

Bedroom Three
15'8" x 10'0
Carpet, wood window, radiator and wall light.

OUTSIDE

Outside the property is an enclosed decked courtyard with storage cupboard and outside tap.

METHOD OF SALE

The property is offered for sale by private treaty.

TENURE

Freehold with the benefit of passing rent for the shop of £20,000 per annum on a three year lease and an apartment benefiting from a passing rent of £15,540 per annum on a 12 months AST.

ENERGY PERFORMANCE CERTIFICATE

EPC Rating: Exempt

COUNCIL TAX BAND

Council Tax Band: D

VIEWINGS

By prior appointment with the Sole Agents: 01522 716204

PARTICULARS

Drafted and photographs taken following clients' instructions of March 2020.

ADDITIONAL INFORMATION

For additional information, please contact Daniel Baines at Mount & Minster:
T: 01522 716204
E: daniel@mountandminster.co.uk

Brochure

Floorplans

floorplan
floorplan

No EPC available for this property

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Office Details

Lincoln
Atton Place
32 Eastgate
Lincoln
LN2 1QA

01522 716204
info@mountandminster.co.uk

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