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Offers in Region of£140,000

Union Street, Market Rasen

Key Features

  • Permission for Four Flats
  • Change of Use Granted
  • £24,000 Potential Rental Income
  • Town Centre Location
  • Two Parking Spaces

Description

Planning Permission to Convert Existing Building into Four Flats. Change of Use Granted. Potential Completed Rental Income of Circa £24,000 Per Annum.

Located centrally in Market Rasen just off Queen Street, this is a convenient location for anyone wanting all local amenities close by plus Market Rasen Railway Station.

Site Location - The site is located at 9 Union Street, central to Market Rasen. The site can be located through National Grid Reference TF107890, post code LN8 3AA. The site is a narrow plot accommodating a two storey end of terrace property. A large glazed frontage faces onto Union Street, typical of a commercial or retail premises. The site has a total area of approximately 331m²

Site Context - Union Street is located centrally within Market Rasen and connects onto Waterloo Street, a main arterial routethrough the town and a key retail street. The immediate surroundings of the site primarily comprise a mixture of commercial amenities and residential properties, with pockets of new build development off Union Street. The west elevation of the existing property faces Union Street and forms the existing retail frontage. The existing main entrance located off Union Street with 2no. additional entrances to the north and east elevations, accessed via a private drive shared by the bakery to the rear. The existing building is part of the bakery complex located to the rear. The ground floor has previously been used for the storage and display of baked goods, with the first floor serving as office space. The building is no longer requisite to the function of the bakery and is currently vacant.

Two Storey Building - Ground Floor currently laid out with Shop Front, Kitchen and Two Store Rooms. First Floor having been previously used as office spaces with toilet facilities.

Outside - Parking for Two Cars

Services - Mains Electric, Water, Drainage and Gas

Commercial EPC Rating: E - 106

Tenure & Possession - The property is offered For Sale as Freehold and with Vacant Possession.

Method Of Sale - Offered For Sale by Private Treaty.

Buyer Identity Check - Prospective Buyers will be required to provide necessary identification for the purposes of Anti-Money Laundering Regulations.

Map Location

Property details

Tenure
Freehold
Council Tax Band
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Date Posted
2026-07-03

Utilities & Restrictions

Utilities

Electricity
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Water
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Heating
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Broadband
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Sewerage
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Rights & Restrictions

Public Rights of Way
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Private Rights of Way
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Listed Property
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Restrictions
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Listed status, conservation areas and planning constraints for this location are in the full report.

Property Features

Accessibility
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Parking
Parking Available
Garden
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Beyond the particulars: planning activity, flood history, heritage and ground risks, checked for this exact spot.

Connectivity

Broadband

Fastest speed available at this postcode

10 Gbps

Gigabit full fibre

Suitable for

  • 4K streaming on every screen
  • Full-time home working
  • Online gaming & big downloads

Fixed wireless access may also be an option here.

Mobile signal

OutdoorsIndoorsEE Good GoodO2 Good GoodThree Good LimitedVodafone Good Limited

Predicted 4G and 5G signal; indoor signal depends on building materials.

Ofcom Connected Nations postcode-level predictions. Speeds and signal are modelled, not measured, and vary between addresses and providers.

Signal is the easy part. Planning activity, flood history and protected designations here are in the full report.

Nearest Schools

Primary

  • The Market Rasen Church of England Primary School251 metresNo Ofsted rating
    Ages
    4 to 11
    Pupils
    291
    Type
    Voluntary controlled school
    Faith
    Church of England
  • The Middle Rasen Primary School1.3 milesNo Ofsted rating
    Ages
    4 to 11
    Pupils
    124
    Type
    Community school
  • Legsby Primary School2.8 milesOfsted: Good
    Ages
    4 to 11
    Pupils
    26
    Type
    Community school
  • Osgodby Primary School3 milesNo Ofsted rating
    Ages
    4 to 11
    Pupils
    91
    Type
    Community school
  • Tealby School3.3 milesOfsted: Good
    Ages
    4 to 11
    Pupils
    83
    Type
    Community school

Secondary

  • De Aston School779 metresNo Ofsted rating
    Ages
    11 to 18
    Pupils
    939
    Type
    Academy converter
    Faith
    Christian
  • Caistor Grammar School7.6 milesOfsted: Good
    Ages
    11 to 18
    Pupils
    690
    Type
    Academy converter
  • Caistor Yarborough Academy7.8 milesOfsted report card · Dec 2025
    Ages
    11 to 16
    Pupils
    680
    Type
    Academy converter
  • William Farr CofE Comprehensive School8.4 milesOfsted: Good
    Ages
    11 to 18
    Pupils
    1,488
    Type
    Academy converter
    Faith
    Church of England
  • The Priory Pembroke Academy11 milesOfsted: Good
    Ages
    11 to 16
    Pupils
    590
    Type
    Academy sponsor led

Distances are straight-line from the advertised location. Source: the national school registers (DfE, Welsh Government, Scottish Government) and Ofsted.

Schools are just the start: sold prices nearby, planning activity and any flood history are in the full report.

Amenities

Supermarket

Morrisons Daily Market Rasen Queen Street, Market Rasen128 metres
Co-op Market Rasen Food Store, Market Rasen166 metres
Tesco Market Rasen Superstore, Market Rasen315 metres

GP surgery

Market Rasen Surgery391 metres

Pharmacy

Boots100 metres

Hospital

Lincoln County Hospital13 miles

Green space

Play Space252 metres

Straight-line distances from the advertised location. Sources: NHS records, Geolytix supermarket locations, OS Open Greenspace and the national trails registers.

The area stacks up? Now check the location itself: planning nearby, protected designations and past flooding.

Getting Around

Nearest station

Market Rasen Rail Station293 metres

Nearest bus stop

Rail Station Approach Road79 metres

Typical drive times

Brigg24 min · 15 miles
Louth23 min · 15 miles
Wragby12 min · 8.2 miles
Market Rasen1 min · 0.1 miles
Lincoln (city)26 min · 16 miles

Straight-line distances from the advertised location; drive times are typical free-flow times over OpenStreetMap road data, so allow more at peak. Public transport locations from DfT NaPTAN.

Easy to reach matters. So do planning activity, flood history and ground risks: all in the full report.

Flood Risk

Environment Agency open data, checked around the advertised map pin for the listed acreage. Long-term risk counts flood defences; the planning map's flood zones do not. The map pin for this listing marks the postcode area rather than the exact location, so these readings describe the surrounding area. Provided by LandSale, not the listing agent, and not part of the agent's particulars. Risk varies across a holding, so verify before committing.

Rivers and the sea

Very low risk

Planning map: Flood Zone 1.

Surface water

High risk (1 in 30)

Not at the pin: mapped about 20 metres away.

These bandings are the summary. Where this location sits on the flood maps, plus planning activity, heritage and ground risks, is in the full report.

Important notice: Information, maps and tags on this page are drawn from the advertising agent's marketing materials or generated automatically. LandSale has not verified them. Relying on these details is at your own risk, always carry out independent checks before committing to a purchase.

Contact Perkins George Mawer & Co., Market Rasen

Corn Exchange Chambers, Queen Street, Market Rasen, LN8 3EH

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