Service Apartments 1-11, One The Brayford, 20 Brayford Wharf North

£1,950,000
For Sale
1/9
£1,950,000
For Sale
Jasper Caudwell
MRICS BSc (Hons)
Chartered Surveyor
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Property summary

11 Apartments Investment for sale
Idyllic Waterside Investment Opportunity
Six having water views across The Brayford
Let on a 5 Year Lease (July 2019)
Option to Extend the Lease at £130,000 PA
Access via Stylish Concierge Reception
All Fixtures and Fittings Included
City centre location close to busy bars, restaurants and shops

Get in touch

Jasper Caudwell
MRICS BSc (Hons)
Chartered Surveyor

More about the property

11 APARTMENTS FOR SALE – IDYLLIC WATERSIDE INVESTMENT OPPORTUNITY

One The Brayford consists of 100 apartments and is located close to The Hilton, Holiday Inn and many restaurants on the Brayford Pool.

Six of the 11 apartments benefit from water views and there is a restrictive covenant prohibiting nightly letting on all other than the service accommodation making the proposition very attractive. Completed in 2019 the sale will include all fixtures and fittings required to operate as serviced accommodation.

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Accommodation

Location
With sweeping waterside and city views, combined with dynamic modern architecture, One The Brayford is destined to become the city’s premium address with stunning apartments and spectacular duplexes.

The Brayford Waterfront is an area that has become central to Lincoln’s prosperity, with its busy bars and restaurants and shops in the city centre just a short walk away. This significant residential development will take an already thriving area to a new level; a dynamic symbol of Lincoln’s growth.

Walking in to the stylish concierge reception will set the scene for the rest of this luxury development with its cutting-edge interior design and high-specification features creating the perfect balance of contemporary style and home comfort.
Asking Price
£1,950,000 (one million nine hundred and fifty thousand pounds).
Property Description
The property is held on a 999 year long lease and is subject to a 5 year lease that commenced July 2019 with rents of;

Year 1: £89,458
Year 2: £115,260
Year 3: £117,565
Year 4: £119,917
Year 5: £122,315

Please note, the rents are quoted inclusive of any service charges and ground rents applicable; such costs can be forwarded by the acting agent on request.

NOTE - Bricks and Mortar (Wirksworth) Ltd are keen to extend the lease and would be willing to sign a further 5 year lease at £130,000 PA with upward only annual reviews of +1.5%.
VAT
Any prices quoted are exclusive of VAT.
Getting in Touch
Strictly by appointment only, for more information, please contact:

Jasper Caudwell
0330 128 0939
commercial@pygott-crone.com
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