Summary - 15 15 Wragby Road, Lincoln LN2 4PX
1 bed 1 bath Retail Property (out of town)
Freehold mixed-use opportunity with garden, parking and conversion upside.
Ground-floor shop let from 1 Dec 2023 at £8,000 pa
An out-of-town, two-storey retail property on Wragby Road offering immediate rental income and clear redevelopment potential. The ground-floor shop is let from December 2023 at £8,000 per annum, while the one-bedroom flat above is currently vacant and heated by a gas radiator system. Mains services are connected and the site includes off-street parking and a substantial garden.
The building is a red-brick urban corner unit with mixed-use appeal. A large storage area beneath the staircase could be converted to additional usable space subject to planning — a practical option for an investor wanting to increase income or a buyer seeking a live/work arrangement. Broadband speeds are fast and mobile signal is excellent, supporting modern retail or remote working needs.
Buyers should note material local considerations: the area is classified as deprived with very high crime levels, which can affect tenant demand and yield. Any change of use or internal redevelopment will require planning consent. The property is freehold and sits near national retailers and local amenities, giving footfall potential despite wider area challenges.
This asset suits an investor or small developer comfortable managing tenancy, local risk factors and pursuing planning for added value. Its combination of immediate income, parking, garden and conversion potential makes it a practical project for hands-on buyers.
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