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For Sale
Investment, Residential Institution, Lincoln, LN5

35 Redwood Drive
East Midlands - Lincolnshire


Reference 2013498

Type Investment, Residential Institution, General Retail

Tenure Freehold

Size1,200 sq ft (111 sq m)

Freehold: £140,000


•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 exclusive).

The ground floor retail unit is currently let on a new three year lease, commencing 19th June 2017, at a rent of £5,100 per annum exclusive. The lease contains a Tenant only break clause on the anniversary of the first year.

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