For Sale - Under OfferCity Centre Investment Opportunity

Rose House, 1-9 Tentercroft Street, Lincoln, Lincolnshire, LN5 7DQ

Description

Rose House comprises a recently completed development of four retail units and 11 apartments over ground, first, second and third floors with car park (9 spaces), cycle and bin storage to the rear. The property was built as a condition of the planning permission for the recently completed East West Link Road and replaces similar properties with heritage status that had to be removed in order to enable the new road to be built.

Rose House is named after Rose Musical Warehouse which was founded by William Rose on the site in the 1860s. William’s youngest son, Edwin Samuel, inherited the business which stayed in the family for five generations until Jane Kinnear (nee Rose) and John Rose agreed to sell it to Lincolnshire County Council in order to allow the East West Link Road to go ahead.

The apartments within the building have been utilised until recently by the Freeholder, University of Lincoln, as temporary accommodation for new staff members and as such, all apartments are in excellent condition.

LOCATION

Lincoln is one of England’s finest Cathedral Cities and the administrative and major shopping centre within for the County of Lincolnshire. It has
an urban area population of 130,200 (2011 Census) and an estimated total catchment spend of circa £1 billion. The city attracts circa 4 million tourists annually.

Lincoln is also a growing University City with circa 15,000 students and academic staff based at the City’s main campus, contributing an estimated
£250 million to the local economy. 

Rose House is situated on the western side of Tentercroft Street at its junction with the High Street and forms part of a recent city centre regeneration programme. The vibrant Brayford Pool waterfront, University of Lincoln and Lincoln train station are all within short walking distance.
B1378

TOWN AND COUNTRY PLANNING

The property has planning permission for use within Classes E(a) (Shops), E(c) (Financial & Professional Services) and C3 (Dwellings) of the Town and Country Planning (Use Classes) Order 1987 (as amended).

Alternative commercial uses may be appropriate subject to receipt of the necessary Planning Consent.

The property is not Listed but is situated within a Conservation Area

TENURE

Each property is for sale freehold subject to the existing tenancies.

VAT

The property is elected for VAT.

LEGAL COSTS

Each party is to be responsible for their own legal costs.