Guide price £325,000 (Sold Subject to Contract)
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.
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.
Approximately 840 sq m (0.084 hectares) / 9,042 sq ft (0.21 acre)
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.
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.
Freehold with vacant possession upon completion.
£300,000. Offers are invited for consideration.
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.
The property is currently entered on the 2017 Rating List as “motorcycle showroom and premises” with a rateable value of £29,750.
Each party is to be responsible for their own legal costs.
For further information or to arrange a viewing please contact sole agents JHWalter:
Ben Kendall BSc (Hons)
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* Please Note: If Google Street View appears with no imagery, it is not available for this property