128-130, Carholme Road

Lincoln, Lincolnshire LN1 1SH

Guide price £300,000

LOCATION

Lincoln is a cathedral city and the administrative and major shopping centre within the County of Lincolnshire with an urban area population of 130,200 (2011 Census). It is also a university city with over 14,000 students and staff contributing an estimated £250 million into the local economy. The city attracts circa 3.7 million tourists annually spending £1 billion.

The subject site is situated on the southern side of Carholme Road (A57) on the eastern side of its junction with Derwent Street. The city centre, vibrant Brayford Pool waterfront, Lincoln University and mainline railway station are all within a short walking distance.

DESCRIPTION

A roughly square, generally flat site occupied by a large single storey building which accommodates a showroom, service and admin areas associated with the current motorcycle sales and service uses. There is currently a forecourt facing Carholme Road which is used as a display area for motorcycles. Access is taken from Derwent Street into a service yard and parking area.

SITE AREA

Approximately 840 sq m (0.084 hectares) / 9,042 sq ft (0.21 acre)

PLANNING

Outline planning permission for the erection of a three storey building to accommodate 14 self-contained apartments with 14 associated car parking spaces (all matters reserved except access) was granted by City of Lincoln Council on 25th August 2017 (ref: 2017/0236/OUT). The permission is subject to a section 106 agreement for the non-occupation of the development by students and contributions of £12,556 for off-site play space and playing fields. Further details are available to interested parties upon request.

SERVICES

We understand that mains electricity, gas, water and drainage are available for connection to the site. Interested parties should make their own enquiries of service providers.

TENURE

Freehold with vacant possession upon completion.

GUIDE PRICE

£300,000. Offers are invited for consideration.

VAT

The guide price quotes in these particulars is exclusive of VAT. At the time of preparation of these particulars (October 2017) we understand that the vendor has not elected to charge VAT.

RATEABLE VALUE

The property is currently entered on the 2017 Rating List as "motorcycle showroom and premises" with a rateable value of £29,750.

LEGAL COSTS

Each party is to be responsible for their own legal costs.

VIEWING

For further information or to arrange a viewing please contact sole agents JHWalter:

Andrew France BSc (Hons) MRICS
01522 504319 / 07795 657792
andrewfrance@jhwalter.co.uk

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* Please Note: If Google Street View appears with no imagery, it is not available for this property

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