55A Steep Hl - Hospitality FOR SALE


Lincoln, LIN LN2 1LR
$1,300,000 USD
152-281-2300
55A Steep Hl, Lincoln, LIN for Sale
$1,300,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

55A Steep Hl
Lincoln, LIN LN2 1LR


HIGHLIGHTS

  • Boutique Hotel
  • 8 superb ensuite double bedrooms
  • Uphill cathedral/castle quarter

OVERVIEW

An excellent opportunity to acquire this landmark Church Hall which has been converted into a high class boutique hotel in the uphill area of Lincoln close to the cathedral and castle. The Rest is a beautiful boutique hotel situated in a very unique location, right on the award-winning Steep Hill in the historical district. Located between the uphill cathedral quarter and the City Centre and offers the most central location possible in Lincoln, surrounded by restaurants, cafes and places to drink. It is also very conveniently located for the ever-popular Lincoln University, as well as businesses such as the County Hospital, Siemens Energy and the Crown Courts located in the Castle. The property was sympathetically converted back in 2013. In 2020 the hotel completed the works to include complete upgrades to all the rooms. The rooms are now available for conventional short and long stays. The property also has a fully licenced cafe/restaurant which can sell alcohol up to 930pm

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$433 USD /SF

# OF ROOMS

10

PRICE/ROOM

$130,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Rest

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,800 SF

ZONING

-

APN/PARCEL ID

LL36620

ASK ABOUT THIS PROPERTY

William DowningPygott & CroneMore Info
152-281-2300

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William DowningPygott & CroneMore Info
152-281-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.