Auction House London

Lot 52

Commercial Property - Commercial Property 

The Scene, 35 Newland

Lincoln, Lincolnshire, LN1 1XP

Withdrawn Prior to Auction.

A Mid Terrace Three Storey Buildling Arranged as Public House with a Two Bedroom Flat Above. Let on a 10 Year Lease Producing £25,000 per annum

Description

Tenure

Freehold

Location

The property is situated in the heart of Lincoln city centre within immediate proximity to the shops and restaurants of Brayford Marina. The location is popular with students of Lincoln University. Transport links are provided by Lincoln rail station.

Accommodation

Basement
Cellar

Ground Floor
Pub and ancillary
Gents WCs
Ladies WCs

First Floor (Pub)
Function Room
Kitchen

Exterior

The property benefits from a private rear garden

Tenancy

The property is subject to a 10 year FRI lease commencing on 5th November 2012 at a rent of £25,000 per annum. Upward only rent review after 5 years.

VAT

VAT is applicable

Overflow

First Floor (Managers Flat)
Reception Room
Kitchen
Bathroom

Second Floor (Managers Flat)
Two Bedrooms

Total Gross Internal Area 548.61 sq m (5,904.68 sq ft)

Bold Black Text

Current Rent Reserved £25,000 per annum

Joint Agent

Additional Fees and Disclaimer

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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