Light industrial for sale

427-429 High Street, Lincoln, Lincolnshire LN5

The property comprises a regular shaped and level site, extending to about 0.09 hectares (0.22 acres), with a former vehicle repair workshop and adjoining retail unit currently sat on it, extending to about 408.70 sq m (4,399 sq ft) gia. The property occupies a prominent location to the south of Lincoln City Centre, with a long frontage to the High Street and a return frontage to Smith Street, running along its northern boundary, virtually opposite the busy Dixon Street/High Street junction.

Until recently, the majority of the property was used as a vehicle and tyre centre by a well known national operator, with an adjoining section of the building split off and let as a supermarket. The part of the property that was formerly the tyre and exhaust centre is now vacant, whilst the local supermarket operator remains in occupation.

The balance of the site currently comprises a secure and tarmac surfaced car parking area, with parking for around 10 vehicles, with access into the compound off Smith Street, which runs along its northern boundary.

In our view, the property offers the potential for the re-use of the existing buildings for continued commercial or, alternatively, the mixed use character of the surrounding area and prominent High Street location makes the site an interesting redevelopment opportunity, subject to Planning.