Summary - 69 Newark Road,LINCOLN,LN5 8NE LN5 8NE
1 bed 1 bath Mixed Use
**Standout Features:**
- Mixed-use property featuring a hot food takeaway on the ground floor.
- Self-contained 1-bedroom residential apartment above, ideal for rental or living.
- Generates a combined income of £14,400 per annum.
- Excellent location just 1 mile from Lincoln City Centre, benefiting from foot traffic.
- Freehold tenure, chain-free, and council tax is very affordable.
- EPC Ratings: Retail - C, Residential - D.
This mixed-use investment property is a unique opportunity in the vibrant area of Lincoln, combining a bustling hot food takeaway outlet with a separate self-contained residential apartment. Generating a reliable income of £14,400 per year, this is an ideal prospect for investors looking to bolster their portfolio or first-time buyers who want to live above their business.
The ground floor takeaway offers a spacious 61 sq.m with essential facilities, including a rear preparation room, retail space, and customer access to a courtyard garden from the apartment above, which consists of a cozy living area and en-suite bedroom. While the property is labeled as needing some renovation, this presents an opportunity to increase value and customize the space to suit your vision.
Set in a lively urban environment, the property enjoys proximity to essential amenities and excellent transport links while being nestled in a family-friendly neighborhood. The combination of commercial viability and potential residential comfort is an appealing aspect not to be overlooked. Given its potential for further development or renovation, and its attractive price of £225,000, this property is sure to attract attention—don’t miss out on this investment opportunity!
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