Large mixed-use redevelopment opportunity.
Ground floor retail unit with plans to deliver six brand new apartments.
Rear yard accessible from Queen Street suitable for dedicated parking or further development.
Potential to be held as a long-term investment once developed.
Of interest to property developers.
Situated in Market Rasen town centre.
For sale by online auction with starting bid £170,000.
The property comprises of a large mixed-use redevelopment opportunity within the centre of Market Rasen. The property provides a ground floor retail unit overlooking Queen Street with a proposed ground floor one-bedroom flat situated at the rear. The first and second floors have plans to deliver four self-contained one-bedroom apartments and a proposed third floor containing an additional two bedroom apartment.
Outside, the property provides a rear area to provide private parking to the apartments once developed with access available directly from Queen Street. Additionally, there is scope for further redevelopment at the rear subject to planning. This is an exciting opportunity for an ingoing developer to get into the detail and transform a building possessing character in the heart of Market Rasen.
We understand the property benefits from an approved change of use application from commercial, business and service to six dwelling houses. Further information on this application are available via West Lindsey District Council’s Planning Portal under ref: 144666. Detailed plans of the proposed redevelopment are available upon request.
The freehold interest with full vacant possession is available via online auction at a starting bid of £170,000 subject to our auctioneer’s standard terms of sale. For further details and to arrange a viewing, please contact us or our joint auctioneer partner Pattinson Auctions.
Speak with a member of our expert team today about your commercial property requirements.
After an initial consultation, we create a tailor-made plan designed to work on achieving the best possible outcome for you.
Whichever service(s) you require, we work hard on your bespoke plan ensuring the highest level of professionalism throughout and to deliver successful results for you.