Redevelopment Opportunity For Sale 10 Market Place, Market Rasen LN8 3HR

COMPETITIVELY PRICED FOR QUICK SALE OFFERS ABOVE £175,000

This substantial three-storey commercial building is offered to the market at a substantially reduced price and comprises a centrally located former Bank premises with offices and living accommodation above, being offered for sale with Vacant Possession and located centrally overlooking the Market Square. The property requires refurbishment, but offers an excellent opportunity for redevelopment into mixed-use commercial and residential accommodation.

10 Market Place, Market Rasen, LN8 3HR

LOCATION The property is located centrally within Market Rasen, a busy Market Town with a population of over 5,000 residents and serving as a 'Hub' for all surrounding villages offering a good range of local shopping and education facilities. The property is very prominently located and overlooks the cobbled Market Square.

DESCRIPTION This attractive three-storey Grade II Listed Building has, until recently, been occupied by HSBC Bank at ground and first floor level, whilst the top floor has been used for office/storage space, together with the benefit of a large 3 bedroomed self-contained maisonette with accommodation at first and second floor. Whilst the residential accommodation is well-presented, the remaining building now requires refurbishment and is very competitively priced to attract interest from Developers/Investors looking to retain retail/office accommodation at ground floor level, whilst converting the entire upper floor accommodation into individual apartments, subject to the necessary Planning Permissions required.

The ground floor accommodation comprises; retail/office space with ancillary office, storage and WC facilities and extends to 204 sq m (2,195 sq ft). In addition, the first floor office accommodation extends to a further 65.6 sq m (706 sq ft) and the second floor office/storage accommodation extends to a further 32.6 sq m (350 sq ft). In addition, the separate self-contained maisonette is very generously proportioned extending to 117 sq m (1,262 sq ft) and comprising; Entrance Lobby , WC Compartment, Kitchen, Living Room, 3 Bedrooms and Bathroom/WC combined.

SERVICES Mains drainage, electricity, gas and water are all understood to be connected to the premises. The residential accommodation has the benefit of a gas fired central heating system serving radiators throughout and the office/business accommodation has a combination of a gas fired central heating system and electric heating.

EPC RATING Given that the property is Grade II Listed, it is exempt from requiring an Energy Performance Certificate.

TENURE The property is understood to be available 'For Sale' on a Freehold basis and is being offered with Vacant Possession.

BUSINESS RATES The Rateable Value is currently assessed to be £22,000.

VIEWINGS - By prior appointment through Mundys Commercial – 01522 556088.

PLANNING West Lindsey District Council - www.west-lindsey.gov.uk

NOTE 1. None of the services or equipment have been checked or tested. 2. All measurements are believed to be accurate but are given as a general guide and should be thoroughly checked.

GENERAL If you have any queries with regard to a purchase, please ask and we will be happy to assist. Mundys makes every effort to ensure these details are accurate, however they for themselves and the vendors (Lessors) for whom they act as Agents give notice that:

1. The details are a general outline for guidance only and do not constitute any part of an offer or contract. No person in the employment of Mundys has any authority to make or give representation or warranty whatever in relation to this property.

2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details should be verified by yourself on inspection, your own advisor or conveyancer, particularly on items stated herein as not verified.

Regulated by RICS. Mundys is the trading name of Mundys Property Services LLP registered in England NO. OC 353705. The Partners are not Partners for the purposes of the Partnership Act 1890. Registered Office 29 Silver Street, Lincoln, LN2 1AS.

Agents Note: Whilst every care has been taken to prepare these sales particulars, they are for Victory House, 5 Henley Way, www.mundys.net guidance purposes only. All measurements are approximate are for general guidance purposes only and whilst every care has been taken to ensure their accuracy, they should not be relied Doddington Road, Lincoln [email protected] upon and potential buyers are advised to recheck the measurements. LN6 3QR 01522 556088