Initial price	£350,000
27/07/24	£299,950
Price Change	-14.30%

This investment property is located on Newark Road, one mile south of Lincoln City Centre, and comprises a mix of commercial and residential tenancies with potential for further development. The property generates a total income of £20,940 per annum, with the retail premises let under a three-year lease and the two residential units let under Assured Shorthold Tenancies. The property has previously obtained planning consent for an extension to create two additional self-contained dwellings, which has since lapsed, but could be re-established. The property is available on a freehold basis and has all mains services connected. With its central location and potential for development, this property presents an attractive investment opportunity.