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The Rest 55A Steep Hl 10 Room Hotel Lincoln LN2 1LR $2,138,899 CAD ($213,890 CAD/Room)



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 | $2,138,899 CAD | Building Class | B |
| Price Per Room | $213,890 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Tenure | Freehold | No. Rooms | 10 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1926/2013 |
| Price | $2,138,899 CAD |
| Price Per Room | $213,890 CAD |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 3,000 SF |
| No. Rooms | 10 |
| No. Stories | 3 |
| Year Built/Renovated | 1926/2013 |
AMENITIES
- Restaurant
- Boutique/Lifestyle Hotel
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 10 | $206.45 CAD | - |
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VIDEOS
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The Rest | 55A Steep Hl
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