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For Sale by Auction on 26th July 2023, Freehold Former Care Home, Park View, St Botolphs Crescent, Lincoln, LN5 8AZ

12,866 Sq Ft / Other

Sold - Last updated: 30 November 2023

For Sale by Auction on 26th July 2023

The property comprises a detached two storey building of brick construction under a pitched tile roof. The property was fully refurbished in 2013 into a student accommodation building arranged as 5 blocks totalling 52 bedrooms with communal kitchens, living areas and bathrooms for each block. In addition is a patio garden, landscaped areas and approximately 32 car parking spaces.

We are advised that the total Net Internal Area (NIA) of the apartments are approximately 844.31 sq m (9,088 sq ft). The Gross Internal Area (GIA) of the building is approximately 1,201 sq m (12,866 sq ft).

Each block benefits from their own dedicated front door. Three of the blocks are accessible to the front of the building whilst two blocks are accessed to the rear. Three blocks are located to the ground floor, two comprising 11 bedrooms and one with 8 bedrooms. The two first floor blocks comprise 11 bedrooms. All bedrooms are fully furnished with 6 bedrooms offering en-suit facilities with corner shower units. Each block has a communal living area with fully fitted kitchen, lounge area with breakfast bar, two WC's and two bathrooms with either corner shower unit or bath.

Interested parties will specifically need to satisfy themselves with the internal condition of the property as it has been vacant since late 2022. 

Location

Lincoln is a cathedral city, located 58 miles north of Peterborough, 49 miles south-east of Sheffield and 40 miles north-east of Nottingham.

Park View is located to the south of Lincoln city centre. The site is well connected both locally and nationally. Lincoln mainline station is located one mile north-east of the site, and the A57 is located 2.4 miles north-west of the site, providing direct access to the A1. St Botolph's Crescent is linked to High Street (B1262), which is a main arterial route running into the town centre.

Lincoln city centre benefits from a large retail offering including the Cornhill Quarter and Tritton Retail Park which boasts a wide range of restaurants, bars, and leisure facilities. The University of Lincoln has undergone significant expansion in recent years and now boasts c.17,000 students. The university is currently ranked 34th in the Guardians University League Tables 2023 and its new Brayford Pool Campus provides a major contribution to the regeneration of the old cathedral city.

St Botolphs Crescent itself is a mainly residential area with private residential dwellings that have been built over time, with modern apartment blocks situated in the immediate area.

Accommodation

Ground Floor 3 Blocks - 30 Bedrooms

First Floor 2 Blocks - 22 Bedrooms

Terms

Tenure - Freehold

Guide Price - £600,000

Specification

  • By order of Nick Myers and Adam Stephens of Evelyn Partners LLP as Joint LPA receivers 
  • Freehold former care home on a site of 0.25 hectares (0.61 acres)
  • Converted in 2013 as a 52 bedroom student accommodation scheme within 5 blocks
  • Includes communal lounges, fitted kitchens and bathroom facilities (6 bedrooms are en-suite)
  • 32 car parking spaces and communal grounds
  • Suitable for alternative use, subject to consents
  • Vacant possession


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