Summary - 38 Main Road, Washingborough, Lincoln, Lincolnshire, LN4 1AU LN4 1AU
1 bed 1 bath Shop
Prominent village retail investment with strong yield and parking.
Freehold multi-let takeaway investment generating £27,000 pa
A rare freehold investment in Washingborough, this pair of adjoining single-storey takeaway units produces a combined rental income of £27,000 per year and offers an estimated net initial yield of 8.84% after standard acquisition costs. The building totals about 2,679 sq ft, sits on a small plot with off-street parking at the rear and benefits from prominent frontage onto Main Road for strong passing trade and visibility.
The layout provides front reception/counter areas with kitchens, stores and staff facilities to the rear, plus a shared yard accessed from the High Street for parking or outside storage (managed via a service charge). The property is multi-let and currently occupied as takeaway restaurant space, positioned in an affluent village setting with low crime, good broadband and excellent mobile signal.
Considerations for a purchaser: the structure is mid-20th century with a flat tiled roof and will likely need ongoing maintenance and periodic roof inspection/works. The units face a busy main road, which enhances footfall but can generate noise. The shared yard and service charge should be reviewed in due diligence, and some refurbishment could increase rental value or widen tenant options.
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