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The Rest 55A Steep Hl 10 Room Hotel Lincoln LN2 1LR £1,150,000 (£115,000/Room)

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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

PROPERTY FACTS

Price £1,150,000
Price Per Room £115,000
Sale Type Investment
Tenure Freehold
Property Type Hospitality
Property Subtype Hotel
Costar Property Class B
Total Plot Size 0.11 ac
Property Size 3,000 sq ft
No. Rooms 10
No. Floors 3
Year Built/Renovated 1926/2013

AMENITIES

  • Restaurant
  • Boutique/Lifestyle Hotel

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE sq ft
Guest Room 10 £111.00 -
  • Listing ID: 33751553

  • Date on Market: 05/11/2024

  • Last Updated:

  • Address: 55A Steep Hl, Lincoln LN2 1LR

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