2-bedroom flat · LN1 2PZ
For saleReduced £10k (−5.3%) on 6 FebListed 589 days
Opportunity summary
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About
Retail Premises with Self-Contained Upper Floor Apartment - We are pleased to offer for sale this three-storey mid-terraced property, with ground floor accommodation previously trading as a hairdressing salon and upper floor accommodation comprising a generously proportioned two bedroomed first and second floor apartment, with separate access to the rear.
The property is offered for sale with vacant possession and occupies a most attractive setting on the southern fringe of the village of Saxilby overlooking the Fossdyke Canal to the front, whilst to the rear, there is outdoor space providing two vehicle parking spaces if required.
Location Bridge Street is located on the southern fringe of Saxilby village, providing a link between High Street and Mill Lane, which is located close to the junction of the A57 Lincoln Road.
The property has the most attractive outlook to the front overlooking the Fossdyke Canal.
Saxilby village offers a wide range of local amenities including Schools, Shops, Public Houses and a Train Station providing regular connections to Lincoln and surrounding areas.
Description Retail Premises with Self-Contained Upper Floor Apartment - We are pleased to offer for sale this three-storey mid-terraced property, with ground floor accommodation previously trading as a hairdressing salon and upper floor accommodation comprising a generously proportioned two bedroomed first and second floor apartment, with separate access to the rear.
The property is offered for sale with vacant possession and occupies a most attractive setting on the southern fringe of the village of Saxilby overlooking the Fossdyke Canal to the front, whilst to the rear, there is outdoor space providing two vehicle parking spaces if required.
Services Mains drainage, gas, electricity and water are connected.
The ground floor retail premises and upper floor residential premises have separate electricity, gas and heating systems so they can be let independently.
EPC Rating - Commercial (C) Domestic (D) Rates/Business Rates & Council Tax The ground floor premises have a Rateable Value of £5,200. Small Business Multiplier (2023/2024) 49.9p in the £.
The property may qualify for small business rates relief. It may be possible to obtain Small Business Rates Relief, depending on individual circumstances.
The residential accommodation above has a Council Tax Band of 'A'. VAT VAT is not understood to be chargeable in addition to the purchase price. Viewing By prior appointment through Mundys Commercial.
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
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
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.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
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
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FAQ
About Retail Premises & Apartment, 22, Bridge Street, Lincoln
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