The Lincoln Hotel has been listed on the market for just shy of £5 million, and the 71-bedroom building is sure to attract a few suitors.
The four-star city centre hotel boasts an enviable location on Eastgate, being within a stone’s throw from Lincoln Cathedral for £4.75 million.
According to the listing by Christie & Co, the building has a net of VAT sales in excess of £2.5 million per year, meaning it shouldn’t take too long to start seeing the investment pay off.
The original part of the property dates back to Victorian times, having traditional brick construction under pitched tiled roofs, and an extension of steel frame construction was added in the 1960s.
The hotel itself has a rating of 4/5 on Tripadvisor, and consists of 71 ensuite bedrooms, bar and restaurant trading areas and plenty of staff resources including laundry rooms and a beer cellar.
There is also potential to create 27 more letting bedrooms and to extend the main restaurant in order to create a wedding pavilion.
This is what it looks like inside: