74-80 Southgate, Sleaford, Lincolnshire, NG34 7RL

Three Retail/Office Units with car park to rear.


Potential to develop the upper floors into residential accommodation, subject to the necessary planning consents.


Current rental income understood to be £17,500 p.a.x.


ERV when fully let approx. £37,500 p.a.x.

TOWN CENTRE INVESTMENT/DEVEOPMENT OPPORTUNITY
74-80 SOUTHGATE, SLEAFORD NG34 7RL
GUIDE PRICE: £400,000 FREEHOLD

TOWN CENTRE INVESTMENT/DEVEOPMENT OPPORTUNITY
74-80 SOUTHGATE, SLEAFORD NG34 7RL
GUIDE PRICE: £400,000 FREEHOLD

Detailed Description

The property comprises of 3 Retail/Office units with office/ancillary accommodation on the first and second floors. To the rear there is large car park.

74-76 Southgate is currently vacant and comprises a 2/3 storey mixed Retail and Office Premises having gas fired central heating to the majority and electric panel heaters to the remainder with adequate Kitchen and WC facilities. LED lighting and suspended ceilings are also installed to part of the property which also benefits from a dedicated Car Park to the rear with space for approximately 6 cars.

78 Southgate comprises a ground floor Retail Unit with a Kitchen, WC and Store to the rear. This property benefits from 1 parking space in the Car Park to the rear and is currently let and producing a rent of £9,500 per annum.

80 Southgate comprises a ground floor Retail Unit with a Kitchen and WC facility to the rear. This unit benefits from 1 parking space in the Car Park to the rear and is currently let and producing a rent of £8,000 per annum

Location

74-80 Southgate occupies a prominent Town Centre position fronting Southgate within the bustling Market Town of Sleaford which as of the 2021 Census had a population of approximately 18,000. Sleaford occupies a strategic position in the centre of the County of Lincolnshire and is situated at the junction of the A15 & A17 Trunk Roads from which easy access can be obtained to the larger conurbations of Boston & Newark together with the City of Lincoln to the North, all of which can be reached within approximately 20
minutes drive time.