9 West Parade, Lincoln, LN1 1NL

Location

Prime City Centre investment opportunity

Fully let with £46,392 income per annum

3 x One Apartments, 1 x 2 bed Apartment, Ground floor Bistro

Basement & garden area with further development potential (stp)

Prime City Centre investment opportunity – Fully let with £46,392 income per annum – 3 x One Apartments, 1 x 2 bed Apartment, Ground floor Bistro – Basement & garden area with further development potential (stp) – Lapsed planning under ref 2012/0246/RN

Detailed Description

A city centre investment opportunity comprising 3 x one bedroom apartments, 1 x two bedroom apartment and a ground floor cafe/bistro with indoor and outdoor seating. The accommodation is arranged over four floors and extends to around 3,000 sq ft with the basement level and rear garden offering further development potential subject to planning.

The property is fully let with a total rent passing of £46,392 p/a which breaks down as follows and includes bills.
Deli – £866 per annum
Flat 1 £775 pcm
Flat 2 £725 pcm
Flat 3 £650 pcm
Flat 4 £850 pcm

*including the rent increases due on the 1st March 2024

Lapsed planning under ref 2012/0246/RN

Summary

Key points

• Prime City Centre investment opportunity
• Fully let with £46,392 income per annum
• 3 x One Apartments, 1 x 2 bed Apartment, Ground floor Bistro
• Basement & garden area with further development potential (stp)
• Lapsed planning under ref 2012/0246/RN

Contact

Brown & Co
Tel: 01522 504318
James Mulhall
james.mulhall@brown-co.com
https://www.brown-co.com

EPC