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5 bed property, in West Parade, £550,000
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5 bed flat

West Parade, Lincoln, Lincolnshire, LN1 1NL
£550,000
Leasehold

This prime city centre investment opportunity is fully let, generating an annual income of £46,392. The property comprises three one-bedroom apartments, one two-bedroom apartment, and a ground-floor bistro with indoor and outdoor seating, spread across four floors. The basement level and rear garden offer further development potential, subject to planning. The property is currently let to various tenants, with rent increases due in March 2024. The property previously had a full planning permission that lapsed in 2015, but the site still offers potential for redevelopment, making it an attractive opportunity for investors looking to capitalize on the city centre location.