Auction House UK · 21 Oct 2026 · in 2 days
A mixed use investment comprising a retail shop producing £8,000 pa and a two bedroom flat above with separate access at the rear producing £7,500pa
18 Station Street, and 1 Chapel Lane, Spalding, Lincolnshire PE11 1EF · East of England
LiveMixed-useFreeholdLet
- Guide
- £120,000
- Rent a year
- £8,000
- Yield on the guide
- 6.7%
- Payback
- 15 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- D
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
- A
- B
- C
- D
- E
- F
- G
D from the government EPC register, lodged 2 Oct 2019 (certificate 9000-1993-0381-7240-4004). Meets today's minimum for letting commercial property in England and Wales (E or better).
How it compares
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Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Auction House UK's record
Auction House UK's results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Freehold mixed use lot in Spalding. Producing £8,000 a year, a 6.7% gross yield at the guide.
Lot 125, 2 Bed Mixed Use. A mixed use investment comprising a retail shop producing £8,000 pa and a two bedroom flat above with separate access at the rear producing £7,500pa: This mixed use investment is currently tenanted with the shop unit providing a rental income of £8,000 pa (£666.67 pcm) and the flat providing rent of £7,500 pa (£625 pcm). Please note, the tenant of the flat has handed in their notice and will be vacating on 15th November 2026. The shop unit is 50.52 sq/m and offers a sales area, office, kitchen and a toilet area with a small yard area. The flat is on the first and second floors and provides a lounge, dining room, kitchen, two bedrooms and a shower room. Spalding offers a variety of shopping and recreational facilities and a rail link into Peterborough and services into London Kings Cross. Tenure: Freehold. Ground Floor - Shop: Shop area, office, kitchen, w.c. First Floor - Flat: Kitchen, lounge, dining room shower room. Second Floor - Flat: Landing, two bedrooms. Business Rates: According to the Valuation Office website the (premises) has a current rateable value of £6,800 with effect from 1 April 2026. Council Tax Band: A. Notes: The Postcode for the Flat is PE11 1BP. We have not had access to the flat for inspection and have been provided details from Longstaff & Co LLP. Services: Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Solicitors: WCR Law (Louth), Ref: Claire Parker-Robson, Tel: 01507 430629
Figures come from Auction House UK's published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.