Mixed Use Re-development Opportunity For Sale
The Lawn, Union Road, Lincoln
- Iconic Grade II* listed building and grounds within conservation area.
- Uphill location close to the historic Cathedral Quarter and convenient for the City Centre.
- Main complex GIA of 4,000 sq m (43,056 sq ft) and NIA of 2,800 sq m (30,139 sq ft).
- Scope to improve value from existing or other mix of uses subject to statutory consents.
Guide Price: £1,000,000
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* A further information pack is available electronically on request.
The historic city of Lincoln has a population of 90,000 people with over 200,000 people within its economic zone. The Lawn lies directly opposite Lincoln castle's impressive west gate and within the Cathedral Quarter close to the Cathedral historic Bailgate retail area and the award winning Steep Hill. Lincoln Christmas market is also held close by and attracts an estimated 300,000 visitors per year.
The Lawn was originally developed in 1819 as a purpose-built hospital. The main complex still retains many original elements and classical features.
The hospital was closed in 1985 and the site and buildings were extensively refurbished and opened in 1990 for use as a multi purpose events and catering venue including function rooms, meeting rooms, bar areas, kitchens, retail units and office accommodation.
The site area is approx. 1.72 ha (4.25 acres) with buildings of approx. 0.36 ha (0.89 acres). The site benefits from 59 car parking spaces and ancillary land comprising access areas, landscaping and grounds. Land to the North and West is to be retained by the sellers.
The conservatory was built in 1990 as a visitor attraction to provide a tropical hot house in Victorian style. The conservatory and adjoining shop are subject to a quarterly management agreement with the manager paying an annual fee plus contribution towards overheads.
Charlotte house has been sold on a 150 year lease as a boutique hotel. The lease of Charlotte House contains a covenant by the landlord not to use or allow use of other parts of the lawn complex as a hotel.
Location Postcode: LN1 3BJ
Tel: 01522 698888
Property Ref: CP8453