Location: 2.5 miles North of Lincoln, Lincolnshire, UK
Name: Lawress Hall
No. of Keys: 127 with 6 Acres of Landscaped Parkland
The Property: Lawress Hall, a purpose built residential training college for HM Revenue & Customs, on the outskirts of Lincoln.
The 122,304 sq ft building will provide an exceptional opportunity for the right purchaser to develop a unique residential, commercial or educational facility. Hotel use is subject to planning consent.
In total the property provides 127 bedrooms, a leisure complex including swimming pool and gym, dedicated seminar and training rooms, ancillary catering and entertaining facilities and parking for 245 cars. It lies within 6.24 acres of landscaped parkland, 2.5 miles north of Lincoln.
Lawress Hall will be sold long leasehold, with vacant possession on completion in April 2021. It is held on two leases for terms of 125 years from 10 November 1995 at peppercorn rents.
The property is not listed and the leases provide for a change of use, subject to freeholder consent. It is suited to a range of alternative uses, subject to planning, including residential, retirement, hotel, leisure, education and healthcare.
Set in an idyllic rural location, surrounded by Riseholme Park, playing fields and woodland, Lawress Hall is well connected with easy access to the A15, which links onto the A46 Lincoln bypass leading to the A1 and the M180.
Lincoln itself also has excellent road connections to the north and south, as well as rail links to destinations including Sheffield, Leeds, Wakefield and Peterborough. London Kings Cross can be reached in under two hours by train, while East Midlands Airport is 43 miles to the south west of the city.
“Lawress Hall is an exciting opportunity for the right purchaser. It’s a modern, substantial property that not only blends its current uses seamlessly but has the potential for development into many alternative uses. We expect a high level of interest as landlords increasingly recognise Lincoln’s healthy economy and connections.” said the agent handling the sale.
Main Photo: Lawless Hall
Tenure: Long leasehold
Brand/Management: Both free to new owner
Financials: Current running costs available upon signing NDA
Current Owner: HMRC
Guide Price: £10m
Guide Price per Key: £78,740
Date Posted: February 2020
THPT Comment: This is a great opportunity to acquire a stunning building at a stunningly low guide price, leaving a lot of room for refurb costs.
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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.