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22-30 Portland Street 3 Retail Properties Offered at £300,000 in Lincoln
Investment Highlights
- EPC ratings C - D
- FRV when fully let around £44,000
- Part Income Producing of £16,000
Executive Summary
The properties form a substantial mid-terrace block of retail and office premises with front and rear surfaced car parking/loading areas, which in parts is in need of refurbishment.
22 Portland Street is a self-contained vacant ground floor retail unit.
24 Portland Street is currenty let to an Asian supermarket benefitting from a front loading area, access directly off Portland Street and ground floor shop and café with storage to the first and second floors. Let to a private individual on a 10 year lease from 29/09/2014. The current passing rent is £12,000 per annum.
26-28 Portland Street is a large vacant retail unit spread over ground and first floors. The property has access from the rear to both floors.
30 Portland Street is a part-let office across two floors. The ground floor is let whilst the upper floor is vacant. It is part-let to the City of Lincoln Council, with terms being agreed for occupation until 30 September 2026.
22 Portland Street is a self-contained vacant ground floor retail unit.
24 Portland Street is currenty let to an Asian supermarket benefitting from a front loading area, access directly off Portland Street and ground floor shop and café with storage to the first and second floors. Let to a private individual on a 10 year lease from 29/09/2014. The current passing rent is £12,000 per annum.
26-28 Portland Street is a large vacant retail unit spread over ground and first floors. The property has access from the rear to both floors.
30 Portland Street is a part-let office across two floors. The ground floor is let whilst the upper floor is vacant. It is part-let to the City of Lincoln Council, with terms being agreed for occupation until 30 September 2026.
Property Facts
| Price | £300,000 | Number of Properties | 3 |
| Price psf | £36.43 / sq ft | Individually For Sale | 0 |
| Sale Condition | Portfolio Sale | Total Property Size | 8,236 sq ft |
| Sale Type | Investment | Total Land Area | 0.25 ac |
| Status | Active |
| Price | £300,000 |
| Price psf | £36.43 / sq ft |
| Sale Condition | Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Property Size | 8,236 sq ft |
| Total Land Area | 0.25 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 24-28 Portland St, Lincoln LN5 7JX | Retail | 6,309 sq ft | 1911 | - |
| 30 Portland St, Lincoln LN5 7JX | Retail | 1,621 sq ft | 1955 | - |
| 22 Portland St, Lincoln LN5 7JX | Retail | 306 sq ft | 1960 | - |
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22-30 Portland Street
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