Free valuation

St. Swithins Square, LincolnResidential (land)

£995,000
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About this property

LOCATION
The property is located centrally within the City Centre, being adjacent to the Waterside Shopping Centre and within walking distance of a full range of amenities, including the University of Lincoln and Lincoln College of Further Education.

DESCRIPTION
Prime City Centre Residential Development Opportunity – We are delighted to bring to the market, this rare Residential Development Opportunity within Lincoln City Centre comprising a most attractive Period building which has Planning Consent for conversion to provide 53 En-Suite Bedrooms for Student Accommodation, together with ancillary Retail Accommodation and commercial opportunities in the basement. Lincoln is a prosperous University City with in excess of 25,000 residents.

This most attractive Period Building was formerly owned and occupied by Lincoln Liberal Club and comprised; Reception Rooms, Meeting Rooms, an impressive First Floor Ball Room Suite, together with a Self-Contained Apartment and ancillary facilities.

Planning Permission has now been granted for the conversion of the entire building into a 53 bedroomed development of student accommodation, which includes creating mezzanine levels internally, an extension to the rear and the provision of retail units at basement level. Full details in respect of the Planning Consent are available on request or interested parties should make enquiries with the City of Lincoln Council Planning Department. The Planning Application Number is: 2017/0378/FUL.

The existing building extends, in total, to 1,060 sq.m (11,410 sq.ft).

Externally, the prominently positioned property fronts directly onto St. Swithin’s Square, whilst to the rear is an enclosed loading bay/parking area.

SERVICES
Mains drainage, gas, electricity and water are all understood to be available. The services are currently disconnected.

EPC Rating – E

TERMS
The property is understood to be held on a Freehold basis.

OUTGOINGS
Current Rateable Value – £9,100

VAT
VAT may be applicable in addition to the sale price at the prevailing rate.

PLANNING
The Planning Application Number is: 2017/0378/FUL

VIEWING
By prior appointment through Mundys Commercial – 01522 556088.

Energy Performance Cerificate (EPC)