Summary - Monks Road, Lincoln LN2 5HP
1 bed 1 bath Commercial Property
**Standout Features:**
- Mixed-use commercial property with freehold tenure
- Ground floor retail unit currently generating £7,150 per annum
- First-floor one-bedroom flat fetching £5,700 per annum
- Situated in a vibrant area near North Lincolnshire College
- Double-glazed Victorian-style building with potential for renovation
- Excellent mobile signal and fast broadband speeds
**Potential Concerns:**
- Local crime rate classified as very high
- Area classification indicates deprivation
- Limited parking due to yellow line restrictions
This Victorian-style mixed-use property on Monks Road, Lincoln, offers an appealing investment opportunity for those looking to capitalize on the bustling local area, which is home to a diverse residential community and close to important amenities like North Lincolnshire College. The property features a fully let ground floor retail unit with an annual income of £7,150, alongside a one-bedroom flat on the first floor bringing in an additional £5,700 per annum, ensuring consistent cash flow.
With a modern kitchen featuring white cabinetry, gas hob, and laminate flooring, the flat boasts gas-fired central heating, enhancing tenant comfort. This property, while compact, contains significant renovation potential, allowing for upgrades that could maximize value. However, prospective buyers should note the high local crime rate and the area’s classification as deprived, along with parking limitations due to yellow lines. Combine this with the growth potential in Lincoln’s developing landscape, and this property presents an enticing prospect for savvy investors aiming to establish a foothold in the market. Don't miss out on this opportunity—schedule a viewing today!
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