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Rose House 1-9 Tentercroft St Apartment Building $2,986,651 CAD 10.80% Cap Rate Lincoln LN5 7DB
Investment Highlights
- Rose House is situated on the western side of Tentercroft Street
- Vibrant Brayford Pool waterfront, University of Lincoln and Lincoln train station are all within short walking distance
- Forms part of a recent city centre regeneration programme
Executive Summary
Rose House comprises a recent development of four commercial units and 13 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.
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).
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).
Property Facts
| Price | $2,986,651 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 10.80% | Lot Size | 0.27 AC |
| Tenure | Freehold | Building Size | 13,908 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2016 |
| Price | $2,986,651 CAD |
| Sale Type | Investment |
| Cap Rate | 10.80% |
| Tenure | Freehold |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 13,908 SF |
| No. Stories | 4 |
| Year Built | 2016 |
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Rose House | 1-9 Tentercroft St
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