Summary - Park Street, Lincoln, LN1 LN1 1UF
1 bed 1 bath Retail Property (high street)
### Standout Features:
- Prime city-center location adjacent to Lincoln High Street and popular nightlife venues.
- Currently let at £20,800 per annum, with 4 years remaining on the lease.
- Solid investment with a 7.7% net initial yield (NIY).
- Total space of 448 square feet in a traditional end-terrace building.
- Freehold tenure offers future flexibility for potential renovation or rebranding.
### Summary:
Discover this investment opportunity in the vibrant heart of Lincoln with this versatile retail property on Park Street. Spanning 448 square feet, this takeaway premises is situated near key attractions like nightclubs and popular eateries, securing a steady customer base. With a current lease bringing in an annual income of £20,800 and 4 years remaining, this property promises reliable returns with a 7.7% net initial yield.
While the property boasts strong rental credentials in a low-crime, affluent area with excellent mobile signals and average broadband speeds, it's important to note that the remaining lease duration may pose challenges for potential mortgage financing. Nevertheless, the prime location in a cosmopolitan student neighborhood presents opportunities for future renovations that could enhance business prospects or update the premises to meet modern demands. Act now—properties with this kind of city center appeal don't stay on the market for long!
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