Pridea Sales & Lettings are pleased to present this Commercial Development Opportunity being offered for sale by the Modern Method of Auction. Located to the rear of Numbers 2-6 Sewells Walk, Lincoln, immediately to the rear of 416 High Street, Lincoln.

Offering a fantastic opportunity in the sought after southern side of the City Centre the site currently comprises of 1 garage and 7 lock-up units.
On the information provided, it is understood that the rental of the smaller units is £60 pcm and the garage to be £70 pcm - Potential to achieve £5880.00 PA and a potential yield of 14%

The site previously had Full Planning Permission for the erection of a Single Storey Industrial Building. City of Lincoln Council Planning Application No: 2017/0502/FUL

Mains water, electricity, drainage and gas are understood to be available for connection but prospective purchasers should make their own enquiries of the relevant authorities.

The site is held on a Freehold basis.

Viewing
Interested parties are able to visit the site without making an appointment or alternatively, for further information please contact Pridea Sales Team on[use Contact Agent Button].

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding.
A sample copy of the Reservation
Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.