Investment Property For Sale, 40A High Street, Metheringham LN4 3DX

Location
Metheringham is popular, larger than average village located between the historic Cathedral and University City of Lincoln and the market town of Sleaford. The village offer a range of local amenities to include the Co-op and Nisa Food Stores, public houses, a church, a primary school, a vet, food outlets including an Indian restaurant, a fish and chip restaurant and various other take aways. The village itself has good transport links, including a train station on the Lincoln to Sleaford line and a bus route. Metheringham has a population of circa 3,605 residents.

Description
BUSINESS UNAFFECTED - We are pleased to offer this exciting opportunity to purchase a Freehold Retail Investment Property which is currently trading and let to a dog grooming business. The property is currently let on a three year Lease which commenced on 5th July 2023 at £4,500 (pax).

Accommodation
uPVC double glazed entrance door to 'L' shaped retail area (currently used for the dog grooming business) 2.63m x 3.20m plus 1.76m x 1.34m with uPVC double glazed window to the front.

Separate toilet with wash basin area off.

The whole extends to 12.7 sq.m (Gross Internal Area).
Services Mains drainage, electricity and water are connected to the property.

EPC - Not applicable.

Tenure
Freehold, subject to a three year Lease at £4,500 (pax) which commenced on 5th July 2023. Further details are available upon request.

Rates
Local Authority - North Kesteven District Council.

Rateable Value - £2,600

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.

VAT
VAT is not payable on the purchase price.

Legal Costs
Each party are responsible for their own legal costs.

Viewing
Strictly via Mundys Commercial -