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Commercial Freehold Opportunity In Lincolnshire For Sale

Market Rasen, Lincolnshire, UK
Asking Price:
£425,000
Turnover:
£36,000
Net Profit:
Not applicable

A substantial and versatile commercial premises offering an excellent investment or owner-occupier opportunity, with scope for continued income generation, future redevelopment, or alternative uses, subject to any necessary consents.

The property is currently leased at £36,000 per annum inclusive of VAT, with the lease running until October 2026. The existing tenant has indicated an interest in entering into a new five-year lease, providing the opportunity for an incoming purchaser to secure a continuing income stream. Alternatively, the unit could be taken back into vacant possession upon lease expiry.

The premises is sizeable and is presently operated as a dog kennel manufacturing business, although it has historically accommodated a wide range of commercial uses. Previous uses have included a car garage, petrol station, car showroom, and manufacturing facility, highlighting the adaptability of the accommodation.

Internally, the unit offers extensive open working areas suitable for manufacturing, storage, or trade-counter style operations. There is potential to subdivide the building to create multiple lettable units, and the owners advise that there has been prior interest from businesses looking to lease parts of the frontage, including interest in creating a car wash facility.

The owners further advise that the rental income could be increased by splitting the premises and letting the space in sections, subject to any necessary planning permissions and consents.

This commercial unit represents a flexible and income-focused opportunity, suitable for investors seeking future rental growth, owner-occupiers looking for substantial workspace, or purchasers exploring redevelopment or change-of-use potential.

Further information is available upon request, and viewings are recommended to fully appreciate the scale and flexibility of the premises.

Property Information

Property:

Freehold