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For Sale
Investment, Residential Institution, Lincoln, LN5

35 Redwood Drive
Waddington
Lincoln
East Midlands - Lincolnshire

LN5 9BN

Reference 2013498

Type Investment, Residential Institution, General Retail

Tenure Freehold

Size1,200 sq ft (111 sq m)

Freehold: £140,000

Contact LSH Surveyor

Anthony Barrowcliffe
Graduate Surveyor - Agency

01522 814 668

Description

•The property is located on the busy and popular Redwood Drive shopping parade, located off Valley Road or Hawthorn Avenue, both accessed off Brant Road, to the south of Lincoln.

The building forms part of a busy row of retail units, serving the local residential community. On-site parking is available directly outside the property.

The property comprises a self contained retail unit and a separate first floor, 2 bedroomed flat .

The first floor flat is let on an assured tenancy agreement at a rent of £475 per calendar month (£5,700 per annum).

The ground floor retail unit is currently vacant, but in the agent's opinion, once let should generate a income of circa £6,000 per annum.

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