2 × 1-bed flat · NG34 9DU
Opportunity summary
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About
To Include Fixtures & Fittings, Stock and Goodwill - An excellent opportunity to purchase a Freehold Investment Property located in the centre of the village of Ruskington.
The ground floor currently comprises a well-established trading hairdressing salon (Business Unaffected) and is currently fully equipped for this use, with items included within the asking price.
To the first floor, there is a one bedroom flat, currently let on an Assured Shorthold Tenancy Agreement. The property is being offered for sale due to the owner retiring.
Location Ruskington is a popular, larger than average village, located approximately four miles north of the Market Town of Sleaford.
The larger city of Lincoln is located on the B1188 approximately fourteen miles to the north.
The village offers a good range of local amenities to include a Coop Food Store with Post Office and Pharmacy, various Local Shops, Takeaways, Public Houses, Primary and Secondary Schools and a Railway Station on the Sleaford to Lincoln line.
Description To Include Fixtures & Fittings, Stock and Goodwill - An excellent opportunity to purchase a Freehold Investment Property located in the centre of the village of Ruskington.
The ground floor currently comprises a well-established trading hairdressing salon (Business Unaffected) and is currently fully equipped for this use, with items included within the asking price.
To the first floor, there is a one bedroom flat, currently let on an Assured Shorthold Tenancy Agreement. The property is being offered for sale due to the owner retiring.
Services Mains water, electricity and gas are connected to the property.
Heating to the salon is provided by a wall mounted electric heaters and there is a gas fired central heating system to the first floor flat.
The latter is served by a combination boiler located off the Bathroom. Hot water to the salon is provided by a hot water cylinder with a timed immersion control.
Tenure Available to purchase on a Freehold basis with Vacant Possession upon completion for the salon to include all fixtures and fittings, stock and goodwill.
The flat is subject to an Assured Shorthold Tenancy Agreement and the Vendor advises that the current rent passing is £625 pcm.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
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Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
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Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 10, Church Street, Sleaford
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