Retail/Shop For Sale, Lincoln

Rose House comprises a recent development of four commercial units and 13 apartments over ground, first, second and third floors with car park (9 spaces), cycle and bin storage to the rear. The property was built as a condition of the planning permission for the recently completed East West Link Road and replaces similar properties with heritage status that had to be removed in order to enable the new road to be built.

Rose House is named after Rose Musical Warehouse which was founded by William Rose on the site in the 1860s. William's youngest son, Edwin Samuel, inherited the business which stayed in the family for five generations until Jane Kinnear (nee Rose) and John Rose agreed to sell it to Lincolnshire County Council in order to allow the East West Link Road to go ahead.

The apartments within the building have been utilised until recently by the Freeholder, University of Lincoln, as temporary accommodation for new staff members.

A Predominantly Vacant Mixed-use Scheme Offering A Rare Opportunity To Create An Income-producing Investment Through Active Letting And Asset Management.

Detailed Description

Rose House Comprises A Recent Development Of Four Commercial Units And 13 Apartments Over Ground, First, Second And Third Floors With Car Park (9 Spaces), Cycle And Bin Storage To The Rear. The Property Was Built As A Condition Of The Planning Permission For The Recently Completed East West Link Road And Replaces Similar Properties With Heritage Status That Had To Be Removed In Order To Enable The New Road To Be Built.

Rose House Is Named After Rose Musical Warehouse Which Was Founded By William Rose On The Site In The 1860s. William's Youngest Son, Edwin Samuel, Inherited The Business Which Stayed In The Family For Five Generations Until Jane Kinnear (nee Rose) And John Rose Agreed To Sell It To Lincolnshire County Council In Order To Allow The East West Link Road To Go Ahead.

The Apartments Within The Building Have Been Utilised Until Recently By The Freeholder, University Of Lincoln, As Temporary Accommodation For New Staff Members.

Location

Lincoln Is One Of England's Finest Cathedral Cities And The Administrative And Major Shopping Centre Within For The County Of Lincolnshire. It Has An Urban Area Population Of 130,200 (2011 Census) And An Estimated Total Catchment Spend Of Circa £1 Billion. The City Attracts Circa 4 Million Tourists Annually.

Lincoln Is Also A Growing University City With Circa 15,000 Students And Academic Staff Based At The City's Main Campus, Contributing An Estimated £250 Million To The Local Economy.

Rose House Is Situated On The Western Side Of Tentercroft Street At Its Junction With The High Street And Forms Part Of A Recent City Centre Regeneration Programme. The Vibrant Brayford Pool Waterfront, University Of Lincoln And Lincoln Train Station Are All Within Short Walking Distance.

Accommodation

Commercial - 4,682 Sq Ft (434 M2) Gia
Residential - 9,226 Sq Ft (858 M2) Gia
Total - 13,908 Sq Ft (1,292 M2) Gia

Business Rates

Rateable Values (2026 List):

Retail 1 £37,750
Retail 2 £29,000
Office 1 £28,500
Office 2 £13,000

Prospective Purchasers Are Advised To Contact The Local Authority In Order To Confirm The Amount Payable As All Or Part Of The Property May Be Eligible For Some Form Of Transitional Rlief.

Services

We Have Not Carried Out Tests On Any Of The Services Or Appliances And Interested Parties Should Arrange Their Own Test To Ensure These Are In Working Order.

Viewing

Strictly By Appointment With The Selling Agent.

Vat

We Understand That The Vendor Has Not Opted To Tax The Land And Buildings And Vat Will Therefore Not Be Applicable To The Sale Price.

Legal Costs

Each Party Is To Be Responsible For Their Own Legal Costs.

Terms

Freehold For Sale Subject To Existing Long Leasehold Tenancies.