For Sale - Under OfferFreehold Retail Investment

423 - 427, Newark Road, Lincoln, Lincolnshire, LN6 8RS

Description

The property is arranged on ground and one upper floor to provide three ground floor shop units.

The bank benefits from offices and staff ancillary accommodation at first floor level which extends over part of the adjoining shop.

The remainder of the first floor provides a flat, which together with Shop No. 423 has been sold off on a long lease.

Ample on-site customer car parking is available with staff parking to the rear, plus the inclusion of a lockup garage.

EPC : C69

LOCATION

The property is situated approximately 3 miles south of Lincoln City Centre and forms part of a parade of shops with a busy main road frontage.

The parade offers a wide range of independent shops including florist, beautician, off-licence, hairdresser, optician and fish & chip shop.

The A46 Lincoln bypass and dual carriageway to Newark, where access is available on to the A1, is located approximately 3 miles to the south.

VAT

We understand VAT is not payable but this is to be confirmed.

LEGAL COSTS

Each party is to be responsible for their own legal costs incurred in documenting the transaction.

COVENANT

The Royal Bank of Scotland reported a turnover of £16.063 billion and pre-tax profits of £2.239 billion for the year ending 31st December 2017.

AGENT’S NOTE

The Royal Bank of Scotland have appointed Banks Long & Co to also act on the sub-letting of its Lease.  Further information can be provided on request.