LN1 9 West Parade, Lincoln

Prime City Centre investment opportunity

Fully let with £40,160 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 £40,160 income per annum - 3x One Apartments, 1x 2 bed Apartment, Ground floor Bistro - Basement & garden area with further development potential (stp) - Lapsed planning under ref 2012/0246/RN

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 £40,160 pa which breaks down as follows and includes bills.

Deli - £8,840 per annum

Flat 1 £640 pcm

Flat 2 £720 pcm

Flat 3 £610 pcm

Flat 4 £640 pcm

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

Lapsed planning under ref 2012/0246/RN

Located south of Lincoln Castle and north of the river and BR station

Prime City Centre

Fully let

Rental Income £40,160 pa

3x 1 bed

1 2 bed

Ground floor Bistro

Development potential stp

Lapsed planning