Summary - 9 West Parade,LINCOLN,LN1 1NL LN1 1NL
5 bed 4 bath Apartment
**Standout Features:**
- Prime city centre location with a strong rental income of £46,392 per annum.
- Comprises 3 one-bedroom apartments, 1 two-bedroom apartment, and a ground floor bistro with both indoor and outdoor seating.
- Large overall size of 3,000 sq ft across four stories, with further development potential in the basement and garden area (subject to planning).
- Previous full planning permission (ref 2012/0246/RN) for conversion into multiple flats, now lapsed, offers future flexibility for expansion.
- Low crime rate and high mobile signal, making it appealing for students and professionals alike.
This investment opportunity at 9 West Parade blends historical appeal with modern potential, situated in a vibrant, cosmopolitan area frequented by students and young professionals. The property is currently fully let, ensuring a steady income stream, and offers diverse uses, including the profitable ground floor bistro. The existing espacio is generously spread over four levels, providing ample room for living while the lower levels hint at exciting development possibilities with planning permission opportunities waiting to be re-evaluated. While the current configuration is yielding excellent returns, savvy investors will see the long-term potential in maximizing this space further.
The building, characterized by its classic Victorian architecture, accommodates a peaceful lifestyle amidst the dynamic city life, featuring nearby amenities like cafes, retail shops, and educational institutions. This property is not just a rental opportunity; it’s a chance to invest in a growth area where demand for quality accommodation is only forecasted to rise. Act quickly—opportunities like this in prime locations do not last long!
High street retail property for sale in 9 West Parade, Lincoln, Lincolnshire, LN1 1NL, LN1 — £550,000 • 1 bed • 1 bath • 3000 ft²
2 bedroom apartment for sale in Grantavon House, Brayford Wharf East, Lincoln, LN5 — £89,950 • 2 bed • 1 bath • 520 ft²
2 bedroom apartment for sale in Grantavon House, Brayford Wharf East, Lincoln, LN5 — £89,950 • 2 bed • 1 bath • 500 ft²
1 bedroom apartment for sale in Grantavon House, Brayford Wharf East, LN5 — £99,950 • 1 bed • 1 bath • 402 ft²
1 bedroom apartment for sale in Grantavon House, Brayford Wharf East, Lincoln, LN5 — £84,950 • 1 bed • 1 bath • 402 ft²
6 bedroom apartment for sale in The Junxion, Brayford Wharf East, Lincoln, LN5 — £285,000 • 6 bed • 6 bath • 1393 ft²
