Summary - DISTRACT LTD, WITHAM PARK HOUSE, WATERSIDE SOUTH LN5 7JN
1 bed 1 bath Office
Large freehold asset with modern services and strong redevelopment potential.
Approximately 63,201 sq ft of open‑plan office space
Riverside setting with views to Lincoln Cathedral
Newly renovated; air conditioning and raised floors installed
Freehold title with very large plot and ample parking
On‑site staff WCs, showers and suspended ceilings
Adjacent to railway/main road — traffic and noise exposure
Very high local crime rate; heightened security likely required
Located in very deprived, transitional neighbourhood — tenant risk
Witham Park House is a substantial freehold investment opportunity on Waterside South, presented as a newly refurbished two‑storey former Victorian factory. The building offers approximately 63,201 sq ft of predominantly open‑plan office accommodation, modern M&E including air conditioning, suspended ceilings, Cat II lighting and raised access floors — features that reduce immediate capital expenditure for an incoming owner or occupier.
Positioned alongside the river with views toward Lincoln Cathedral, the site benefits from a very large plot and generous off‑street parking allocations. Good mobile signal and fast broadband support modern business uses, while on‑site staff WCs and showers make the suites immediately usable for multiple tenants or a single corporate occupier. Flood risk is recorded as none.
Practical considerations for investors are clear: the property sits adjacent to railway lines and a main road, so there will be traffic and noise exposure to manage. The surrounding area has classifications indicating high deprivation and a transitional, cosmopolitan neighbourhood character, and recorded crime levels are very high. These factors will influence tenant mix, security costs and achievable rents.
Overall this is a high‑profile, flexible asset with immediate income or redevelopment potential. The recent refurbishment lowers short‑term refurbishment costs, but the neighbourhood context means an investor should allow for enhanced security measures, active management and targeted leasing strategy to maximise returns.
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