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Block of apartments for sale
Investment Property, St. Margaret's Lodge, 2 Upper Lindum Street, Lincoln, Lincolnshire, LN2
£1,250,000
Investment Property, St. Margaret's Lodge, 2 Upper Lindum Street, Lincoln, Lincolnshire, LN2
£1,250,000
Our Summary
- Description Prestigious Residential Investment Property For Sale - Superb residential investment opportunity comprising Four Luxury Apartments - We are delighted to offer for sale this unique opportunity to purchase a most impressive Victorian residence which has been cleverly converted into four luxury apartments varying in sizes
- There is also access to a basement storage area which provides potential for further accommodation if required
Description
This is a prestigious residential investment property located in the historic Cathedral Quarter of Lincoln, directly off Wragby Road and adjacent to Lincoln Minster Senior School. The property has been cleverly converted into four luxury apartments, each with its own unique character and charm. The apartments vary in size, ranging from approximately 41.7 to 129.2 square meters, and have been successfully operating as boutique holiday lets, generating a healthy income. The property also benefits from a double garage and an extensive lawned garden frontage. The location is highly desirable, with the city center, castle, and cathedral all within walking distance. The property is being sold with vacant possession across all four apartments, and the vendor has informed us that VAT is not payable on the purchase price. The property may also qualify for small business rates relief, depending on the nature of the purchaser.