A spacious mixed use opportunity in Binbrook, Market Rasen with a guide price of £110,000.
Commercial Unit - previously operating as a Spar Store, spacious 30sqmt space with potential to be converted into large living space or revived for commercial use.
Residential Unit - 2 storey, 2 bed apartment with direct access at the side rear of the building. Property also boasts a kitchen, dining and living area, 1 bathroom and a garage at the top of a private driveway.
Kitchen, dining area and and living area to the rear of the shop on the ground floor. The floor above comprises 2 bedrooms, 1 bathroom. A side door provides access directly to the residential unit.
Sure to appeal to shrewd investors looking for a great investment opportunity.
Location
Located in the rarely available but much sought after village of Binbrook, the location boasts an idyllic surrounding, being nestled in the depth of the Lincolnshire Wolds but remains only a short commute to the popular market town of Louth while also enjoying close links with both Lincoln and Grimsby where required. The village itself has a host of amenities including a doctors surgery with pharmacy. primary school and early learning centre amongst other shops and services.
Accommodation
Commercial Unit - 30 sq m (323 sq ft)
Residential Unit
Terms
Guide Price - £110,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- A spacious mixed use opportunity in Binbrook, Market Rasen with a guide price of £110,00
- **Malabar, High Street, Binbrook, Market Rasen, LN8 6BH, previously sold for £175,000 in 2023, Wesley Mount, High Street Binbrook, Market Rasen, LN8 6BH
- previously sold for £140,00 in 2019 *
- Exceptional investment opportunity for a shrewd investor, Hugely discounted refurbishment opportunity with potential for development into multiple units subject to necessary planning permission
- For rental purposes, once refurbished the property could achieve £1100- 1200 per month for both units. This could provide an annual income of £13,200- - £14,400 which could provide a fantastic gross yield of 12- 13% if achieved for the guide price of 110,00
- Property is sure to appeal to investors looking for large commercial lot with living quarters adjoining the premises. Potential to split into 2 separate units and for further development on the land to the rear of the property.