West Parade, Lincoln, Lincolnshire, LN1 1NL
- PROPERTY TYPE
Apartment
- BEDROOMS
5
- BATHROOMS
4
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 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)
- Lapsed planning under ref 2012/0246/RN
Description
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 £41,780 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 £40,160 p/a 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
Town & Country Planning
The property benefitted from a full planning permisson as per the below reference which lapsed in 2015. Lincoln City Council planning ref 2012/0246/RN
Conversion of existing property to accommodate 5 flats and erection of a two storey rear extension to accommodate 4 flats. (Renewal of planning
permission 2008/1109/F) Interested parties are advised to speak to the planning team on
Services
We understand the property offers mains water, gas, electric and main sewer connections.
Mobile
We understand from the Ofcom website there is good mobile coverage from EE. Three, O2 and Vodafone.
Broadband
We understand from the Ofcom website that superfast broadband is available at this property with a max download speed of 80 Mbps and an upload speed of 20 Mbps.
Tenure & Possession
Freehold and for sale by private treaty subject to the existing assured shorthold tenancies on the apartments and lease on the cafe.
Council Tax
Band A for all flats
Lapsed planning under ref 2012/0246/RN
Brochures
BrochureEPC CertificateEPC CertificateEPC CertificateEPC CertificateEPC Certificate- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
West Parade, Lincoln, Lincolnshire, LN1 1NL
Add your favourite places to see how long it takes you to get there.
__mins driving to your place
Explore area BETA
Lincoln
Get to know this area with AI-generated guides about local green spaces, transport links, restaurants and more.
Powered by Gemini, a Google AI model
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 440642FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Brown&CoJHWalter, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.