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James Street, Lincoln, Lincolnshire, LN2

££370,000 Guide

5 Bedroom House For Sale

A beautiful Grade II listed residence in a highly sought-after location, suitable for development to create a spacious home with flexible living accommodation over three floors, just a minute's walk from the bustling Bailgate.

DESCRIPTION

A rare chance to acquire a development opportunity in the historic Cathedral Quarter of Lincoln, having recently been granted planning consent to be converted and restored to a prominent townhouse with private parking. Accommodation will briefly include a large double aspect lounge, separate snug, kitchen and utility, dining room, entrance hall, three bedrooms on the ground floor and two additional rooms on the second floor, with two bathrooms including an impressive master suite with large dressing room. There is also a wine cellar below ground. Externally, the property is approached via a paved driveway with private parking and private space for outdoor eating and entertaining. Please note that in it's current state the building is not suitable for securing a charge for lending. Cash buyers only need apply.



The superstructure has been surveyed and is all intact. The roof has been fully stripped, relaid with new membranes and timbers installed in the 1990's. The ground floors are all recent concrete subfloors. All major structural timbers have similarly been surveyed and have been assessed as being in good condition. The vendor will have these treated these for peace of mind and transfer the guarantee to the new owner.

LOCATION

The Cathedral City of Lincoln is one of England's most historic cities, with the impressive Norman castle and one of the finest medieval cathedrals in Europe. The city also benefits from two well-regarded universities, a fantastic entertainment district and a wealth of bars and restaurants. The property is situated on the edge of the more historic area of Lincoln, a popular part of the city with picturesque streets and having a superb selection of amenities, schools and excellent transport links. The A15 and the A46 roads provide direct access to the north and south of the county. There are also direct trains to London and Edinburgh from Newark Northgate, within easy reach of Lincoln.



James Street is regarded as being one of the most sought-after private addresses in Lincolnshire. It enjoys access opposite the Cathedral and the property is neatly tucked away with superb privacy. The neighbouring Bailgate area of Up-Hill Lincoln benefits from a wide selection of restaurants, pubs and independent boutique shops, all within a minute's walk.

PLANNING

Ref: 2021/0056/FUL; consent granted 16th July 2021 for the conversion of a vacant school boarding house into two residential dwellings.



A large amount of pre-development work has been completed by the vendor for the benefit of the developer. This includes a report relating to the majority of the planning conditions (which will be discharged at the vendors' expense before completion of the sale), as well as a valuable suite of ancillary reports including detailed drawings for many internal elements of the conversion, providing a detailed joinery schematic as well as additional plans to aid with the work required.



A planning pack is available on request from the agents. This includes those drawings and reports submitted to LCC, as well as additional documentation including professional surveyors reports showing the integrity of the building and giving prospective buyers additional confidence as to the viability of the project.



The property is Grade II listed with far fewer onerous requirements to comply with Building Regulations, giving greater flexibility and drastically reduced costs.

TURN-KEY COMPLETION AVAILABLE

The current development will require northwards of £100,000 being spent to bring the property back up to a high standard and habitable. Should the successful purchaser lack experience of such an opportunity, one can benefit from the assistance of our client who has experience with such projects (examples available upon request) and is happy to complete the project and manage the renovation for an agreed additional sum from start to finish, liaising with all relevant contractors and third parties.

SERVICES

The property is sold with all major utilities connected; mains gas, water and electricity. All surface water and foul water drains have been tested and examined and are all in good working order. A professional report detailing the drainage runs and connections, along with CCTV imaging of the same, is available for examination within the development pack.

METHOD OF SALE

The property is offered for sale by Private Treaty.

VIEWING

Strictly by prior appointment only with the Agents.

ADDITIONAL INFORMATION

For further details, please contact Mount & Minster:
T: 01522 716204
E: info@mountandminster.co.uk
W: mountandminster.co.uk



N.B. Images are CGI scaled renders of what the property could like for the new owners.

Brochure

Floorplans

floorplan

No EPC available for this property

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Office Details

Lincoln
Atton Place
32 Eastgate
Lincoln
LN2 1QA

01522 716204
info@mountandminster.co.uk

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