Summary - The Whiskey Shop The Whisky Shop, Bailgate, Lincolnshire, LN1 LN1 3AR
1 bed 1 bath Commercial Property
**Key Features:**
- Unique Victorian commercial property in the vibrant Bailgate area of Lincoln
- Asking price: £70,000 for the business goodwill; additional costs for stock (~£60,000) and the LTD company (£10,000)
- Income-generating potential with existing lease that includes 2 flats bringing in £1,045 PCM
- Excellent mobile signal and fast broadband speeds
- High foot traffic from tourists due to proximity to historical sites like Lincoln Cathedral and Lincoln Castle
- Area has above-average crime rates
This charming Victorian commercial property offers a unique opportunity to own a well-established business, The Whisky Shop, located in the bustling and historic Bailgate area of Lincoln. This area attracts a steady stream of tourists and boasts a supportive community of successful shops and businesses. With an asking price of only £70,000 for the business goodwill and an additional stock value of around £60,000, this represents an excellent investment potential.
Although the property has a remaining 5-year lease—which some mortgage lenders may view as a concern—it does include a favorable extension clause that could provide security for future operations. Additionally, the property currently benefits from two rental flats, producing a monthly income of £1,045, enhancing your investment return.
The thriving nature of the business is particularly evident during the bustling Christmas Market season, making it an appealing choice for both investors and first-time buyers looking to take advantage of a unique opportunity. With a variety of amenities nearby and a rich historical context, this property is primed for both immediate operations and long-term growth. Don't miss out on this rare chance to own a piece of Lincoln's vibrant retail landscape!
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