Oxford Street, Market Rasen

3 Bedroom Terraced House for sale in Market Rasen

An exciting opportunity to acquire a substantial and characterful mixed-use property, ideally positioned in the centre of Market Rasen, a popular market town on the western edge of the Lincolnshire Wolds. The property is surrounded by a wide range of local amenities and is only a short walk from the Market Place and railway station, while Market Rasen Racecourse is also within walking distance. Offering approximately 275 sq m of internal accommodation and outbuildings, the property provides a highly adaptable combination of former commercial space, residential accommodation, storerooms and traditional outbuildings. The front section of the building was previously operated as a cafe and remains classified for commercial use. This area comprises a side entrance, inner hallway, two substantial former dining areas, a former commercial kitchen, WC and stores. To the rear is an adjoining three-bedroom residential home. The ground-floor accommodation includes a kitchen, lounge, conservatory and store, with stairs leading to a first-floor landing, three bedrooms, a bathroom and a separate shower room. Beyond the residential accommodation is a further range of substantial storerooms and traditional outbuildings. These buildings were historically used in connection with the town's former butcher and baker businesses, reflecting the varied commercial history of the property. The overall layout offers considerable scope and could suit a variety of future uses. Potential options may include reinstating a commercial business at the front, continuing a mixed commercial and residential arrangement, converting the entire building into a single residential dwelling or exploring conversion into multiple residential units. Any alteration to the existing use, including conversion of the commercial frontage into residential accommodation, would be subject to the necessary planning permissions, building regulations approval and any other required consents. The property represents an unusual opportunity for an owner-occupier, investor or developer seeking a substantial and flexible building in a central town location. Viewing is strictly by appointment. 

LOCATION Market Rasen is a well-positioned market town situated on the western edge of the Lincolnshire Wolds, an Area of Outstanding Natural Beauty. The town offers a good range of everyday amenities, including independent shops, supermarkets, cafes, public houses, schools, medical facilities and professional services. Market Rasen also has a railway station on the Grimsby,
Lincoln and Nottingham line. The town is well known for Market Rasen Racecourse and also benefits from a golf club and a range of sports and leisure facilities. Road links provide access to Lincoln, Louth and the surrounding towns and villages. The property itself occupies a particularly convenient central position, within easy walking distance of the Market Place, shops, railway station and other town amenities. 

SIDE ENTRNACE Providing access into the property. 

INNER HALLWAY Providing access to the former commercial accommodation. 

FORMER DINING AREA 29' 6" x 12' 8" (8.99m x 3.86m)  

FORMER KITCHEN 25' 5" x 7' 3" (7.75m x 2.21m)  

FORMER DINING AREA 13' 11" x 9' 1" (4.24m x 2.77m)  

WC  

STORE 9' 10" x 9' 1" (3m x 2.77m)  

STORE 9' 10" x 9' 2" (3m x 2.79m)  

KITCHEN 13' 7" x 13' 0" (4.14m x 3.96m)  

LOUNGE 14' 1" x 13' 0" (4.29m x 3.96m)  

CONSERVATORY 13' 0" x 7' 9" (3.96m x 2.36m)  

STORE 9' 11" x 6' 3" (3.02m x 1.91m)  

FIRST FLOOR LANDING Providing access to the bedrooms, bathroom, shower room and stores 

BEDROOM 14' 2" x 14' 1" (4.32m x 4.29m)  

BEDROOM 14' 1" x 8' 6" (4.29m x 2.59m)  

BEDROOM 14' 1" x 11' 1" (4.29m x 3.38m)  

STORE 41' 7" x 9' 1" (12.69m x 2.77m)  

BATHROOM 6' 6" x 9' 3" (1.98m x 2.82m)  

SHOWER ROOM 8' 2" x 5' 9" (2.49m x 1.75m)  

STORE 4' 0" x 7' 9" (1.241m x 2.36m)  

STORE 10' 0" x 9' 2" (3.05m x 2.79m)  

COUNCIL TAX Rear of 16-18 Oxford Street, Market Rasen - Band C (West Lindsey District Council)

Frontage - Non-domestic (see below)
Rateable Value
Frontage (Commercial Element): £1,975
Small Business Multiplier (2024/25): 49.9p in the £.

The property may qualify for Small Business Rates Relief depending on individual circumstances. Interested parties should make their own enquiries with West Lindsey District Council.
 

IMPORTANT PLANNING INFORMATION The property is currently arranged as a combination of commercial and residential accommodation. Planning permission may be required to convert the former cafe and commercial frontage into residential use. No assumption should be made that the whole property can be occupied as a single residential dwelling without the necessary approvals. Interested parties should make their own enquiries with the local planning authority and seek independent professional and legal advice before proceeding. 

Property Ref: 102125033793

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