Christ Hospital Ter | Lincoln LN2 1LY
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Christ Hospital Ter
Lincoln LN2 1LY
The Old Palace Lodge · Hospitality Property For Sale · 16 Rooms
Investment Highlights
- Close proximity of Wragby Road (A1434)
- 16 en-suite bedrooms with further development potential (STPP)
- Located within the heart of the tourist quarter of the city
- Set within approximately 0.787 acre, comprising soft landscaped and car parking with provisions for up to 25 cars
Executive Summary
The property comprises a Grade II Listed former chapel, built circa 1855, with stone and ashlar dressings under a slate roof with coped gables, incorporating a stunning stain glass window and pointed arched windows
The property has since been converted into a hotel, configured to provide 16 en-suite bedrooms, comprising, four deluxe doubles, nine standard doubles, one suite and two master bedrooms, with further scope for expansion. Additionally, there is a fully self contained office suite to the eastern elevation, fitted to a good specification including LED spotlighting, carpeted tiled flooring, gas central heating and excellent staff welfare provisions.
Externally, the property benefits from a large site are of approximately, 0.787 acres of soft landscaping and car parking, providing provisions for up to 25 cars.
The property has since been converted into a hotel, configured to provide 16 en-suite bedrooms, comprising, four deluxe doubles, nine standard doubles, one suite and two master bedrooms, with further scope for expansion. Additionally, there is a fully self contained office suite to the eastern elevation, fitted to a good specification including LED spotlighting, carpeted tiled flooring, gas central heating and excellent staff welfare provisions.
Externally, the property benefits from a large site are of approximately, 0.787 acres of soft landscaping and car parking, providing provisions for up to 25 cars.
PROPERTY FACTS
| Price Per Room | $158,048 | Building Size | 7,718 SF |
| Sale Type | Investment | No. Rooms | 16 |
| Tenure | Freehold | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1890/2021 |
| Property Subtype | Hotel | Parking Ratio | 0.91/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.75 AC |
| Price Per Room | $158,048 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.75 AC |
| Building Size | 7,718 SF |
| No. Rooms | 16 |
| No. Stories | 2 |
| Year Built/Renovated | 1890/2021 |
| Parking Ratio | 0.91/1,000 SF |
| Corridor | Interior |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $234.50 | - |
| Guest Room | 14 | $177.46 | - |
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