321, Newark Road, LINCOLN, Lincolnshire, LN5 8PE

ANNOUNCEMENT:
‘The lease has been surrendered and updated on the title register. The updated title is included within the legal pack.’

Operated as premises for owner’s business since around 2009,
Vacant possession,
Scope to create a residential/commercial split building, subject to necessary planning permissions and consents.

Description
A two storey building which has been used as a commercial premises for Power Tool Solutions. There is scope to utilise the building fully for commercial use, a split residential/commercial use or to convert back to fully residential, subject to necessary planning permissions and consents. The owners’ business has thrived in this location and has since expanded, demonstrating what a great location this is. To the ground floor is a main shop area and there is a further ‘work room/office space’ positioned off, as well as a store room and
WC facilities. There is additional ground floor accommodation/space at the very rear of the building which can be accessed via an external door to the rear. The additional ground floor space comprises a kitchen area, a reception/ workshop area and a lobby leading to a staircase which rises to the first floor. The first floor accommodation is spacious and includes three rooms, a small storage room and a bathroom. Externally, there is a good sized garden to the rear. This is an interesting opportunity for investors/developers, as well as someone looking for premises for their own business. The upstairs space
offers scope to bring in additional income if it were to be converted into a residential property and rented out, subject to necessary consents.

Agent note:
The lease was between the seller and his own business. The business has now vacated the premises and the property is offered for sale with vacant possession.

EPC: TBC

Council Tax Band: N/A

Accommodation
Ground floor: main shop area, workshop/office, storage room, WC.
Rear ground floor: accessed via an external door to the rear of the property; kitchen area, reception room, lobby area leading to stairs rising to the first floor.
First floor: three rooms/bedrooms, storage room, bathroom.
Outside: there is a passageway to the side of the property providing access to the rear of the property. A private garden, mainly laid to lawn and with established and mature shrubbery.

Tenure:
Freehold, subject to lease. See ‘agent note’.

Viewings:
William H Brown, 35-36 Silver Street, Lincoln, LN2 1EW. Tel: 01522 534771.
By arrangement with the auctioneers - please see important advice for viewers on page 19 of this catalogue






Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


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. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
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.