1 bed flat for sale

High Street, Horncastle LN9

Summary
auction sale 23 June 2026 - Mixed use property
Commercial to the ground floor & 2 residential flats above
Potential combined rental income of approximately £28,000pa
EPC rating Shop floor - C flats - D

description
A mixed-use property comprising a commercial premises to the ground floor and 2 residential flats above. Currently, the commercial premises and one of the flats is vacant, with the second flat being currently tenanted and achieving £600pcm. The ground floor has most recently been used as a barber shop and hair salon. Horncastle is a market town located in East Lindsey, a district of Lincolnshire. The town has a range of shops and amenities, boasting businesses such as Costa Coffee, Tesco, Co-Op and smaller independent businesses. The ground floor space measures approximately 88sqm (information taken from the EPC), offering a spacious unit suitable for a number of potential uses, subject to any necessary permissions/consents. Occupying a prime position in the town centre, this represents a very good investment opportunity with the ability to generate multiple income streams via the commercial/residential accommodation.
The building has the potential for £30k a year, flat 1 has potetentional for £750 and flat 2 has potentional for £700 with the shop marketing at £125000 per annum brings annum rents to £29900 per annum.

Accommodation
Ground Floor shop: Shop area, 2 additional rooms, kitchen & WC.
Flat (over 2 floors): Kitchen and a living room to the first floor. Two bedrooms and a bathroom to the second floor.
Flat: Living room, kitchen, two bedrooms and bathroom
Broadband: Standard and superfast show as available
Mobile Coverage: EE, Three, O2 and Vodafone show as available

Epc:
Commercial: 88 sqm information taken from the EPC
Flat 1: D 64 sqm information taken from the EPC
Flat 2: D 65 sqm information taken from the EPC

Council Tax Band:
Flat 1: A
Flat 2: A

Tenure:
Freehold

Viewings:
William H Brown, 14 Wide Bargate, Boston PE21 6RH. Tel:
Email: By arrangement with the auctioneers - please see important advice for viewers on page 19 of this catalogue

for sale via the midlands auction centre in association with barnard marcus auctions Tuesday 23rd June 2026 at 9.30AM at the de vere grand connaught rooms, 61-65 great queen street, covent gardens, london WC2B 5DA. You can also register for online bidding.

Conditions Of Sale

*Guide And Reserve Prices
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.