Car Park & Buildings , St. Pauls Lane, Lincoln
£600,000
For Sale
1/19
£600,000
For Sale
Get in touch
William Downing
BSc (Hons) MRICS FNAEA MARLA
Director
03301280939
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Property summary
Rare opportunity 11 car parking spaces Commercial building leased 188 sqm (2023sqft) buildingClose to Bailgate At the foot of the castle wall Potential for other uses Purchase subject to rental income Get in touch
William Downing
BSc (Hons) MRICS FNAEA MARLA
Director
03301280939
More about the property
An extremely rare opportunity to purchase this block of 11 car parking spaces with a leased commercial building in the uphill Cathedral Quarter of the City at the foot of the castle wall and within a few hundred yards from the Bailgate.
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Location
A very rare opportunity to purchase this prominent block of car parking and commercial building situated in a prominent position on from St Pauls Lane and at the foot of the Castle Wall. The Property is within the Bailgate commercial centre and Cathedral Quarter. The property is situated in a mixed residential and commercial area of the city which is a highly popular location. This area is an extremely popular destination for tourists and this historic Uphill area of Lincoln enjoys close to 2 million tourist visitors annually. The property is close to a range of commercial businesses and is also midway between the Lincoln Hotel and the Famous White Hart Hotel.
A very rare opportunity to purchase this prominent block of car parking and commercial building situated in a prominent position on from St Pauls Lane and at the foot of the Castle Wall. The Property is within the Bailgate commercial centre and Cathedral Quarter. The property is situated in a mixed residential and commercial area of the city which is a highly popular location. This area is an extremely popular destination for tourists and this historic Uphill area of Lincoln enjoys close to 2 million tourist visitors annually. The property is close to a range of commercial businesses and is also midway between the Lincoln Hotel and the Famous White Hart Hotel.
ACCOMMODATION
Main Building
Basement 52.7 sqm (567.26 sqft)
Ground Floor 84 sqm (904.17 sqft)
First Floor 51.3 sqm (552.19 sqft)
Car parking for 11 vehicles
Main Building
Basement 52.7 sqm (567.26 sqft)
Ground Floor 84 sqm (904.17 sqft)
First Floor 51.3 sqm (552.19 sqft)
Car parking for 11 vehicles
PLANNING
The property has planning for a car park and the building planning for a storage building but has potential for a change of use. The site is on an ancient monument and adjoins and ancient monument.
The property has planning for a car park and the building planning for a storage building but has potential for a change of use. The site is on an ancient monument and adjoins and ancient monument.
SERVICES
Mains electricity, water and drainage are connected
Mains electricity, water and drainage are connected
TENURE
The property is freehold however their is a car park arrangement with the council. There is a licence contract that will need agreeing with the council to access the site. However the site is not land locked and access could be from the main building. At present there is a lease with White Hart Hotel (TSP operations) Ltd on an annual basis at £5000 pax and in addition the annual licence fee payable to City of Lincoln Council is £4000 pax. The store is leased on a lease for 12 months at £14000 pax.
The property is freehold however their is a car park arrangement with the council. There is a licence contract that will need agreeing with the council to access the site. However the site is not land locked and access could be from the main building. At present there is a lease with White Hart Hotel (TSP operations) Ltd on an annual basis at £5000 pax and in addition the annual licence fee payable to City of Lincoln Council is £4000 pax. The store is leased on a lease for 12 months at £14000 pax.
RATEABLE VALUE
The property has a rateable value of £7200 on the car park. The building has a rateable value of £3600
The property has a rateable value of £7200 on the car park. The building has a rateable value of £3600
CEPC
Not applicable
Not applicable
LEGAL COSTS
Each party are responsible for their own legal costs
Each party are responsible for their own legal costs
VAT
The price is exclusive of VAT if applicable
The price is exclusive of VAT if applicable
LOCAL AUTHORITY
Lincoln City Council
City Hall
Beaumont Fee
Lincoln
LN1 1DD
Tel 01522 881188
Lincoln City Council
City Hall
Beaumont Fee
Lincoln
LN1 1DD
Tel 01522 881188
VIEWINGS
Contact Pygott & Crone Commercial
36a Silver Street
Lincoln
LN2 1EW
Tel 01522 536777
Contact Pygott & Crone Commercial
36a Silver Street
Lincoln
LN2 1EW
Tel 01522 536777
