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Investment - Leisure / Hotel to Buy

Middle Lane, Thorpe-on-the-hill, Lincoln, LN6

£POA
6.79 acres
 
£POA
6.79 acres
Thorpe Park Lodges is an exclusive lakeside development with planning permission for 37 hand built luxury lodges set around a fishing lake. The park is set in landscaped grounds extending to approximately 6.79 acres with gated entrance and gravel parking for each lodge. Currently, there are 22 lodges that are fully built. 17 lodges have been sold to private buyers (of which 2 were sold freehold), with the remaining 15 sold on long term leases of 999 years. Each lodge sold on a long leasehold basis pays a service charge of £4400 per annum and a ground rent of £50 per annum. Total income from the privately owned lodges is therefore £66,750 pa.

5 plots are retained and used as short term holiday rental lodges, 4 or which are let by Sykes Cottages. The other lodge is currently under a temporary letting (AST). A further 3 lodges are currently under construction, (Lodge 11a, 21 & 24) and are available for sale at asking prices ranging from £160,000 to £260,000. The land at the front of the park originally had planning permission for a substantial detached building with possible use being a gymnasium, convenience store/farm shop, bar or restaurant. Because of the success of Thorpe Park Lodges, planning permission has recently been granted for a further 5 two storey lodges on the land. The lodges are constructed in the same way as a conventional home with block work walls clad in timber and built to building control standards with the same life span as a domestic dwelling.
Investment to Buy
Investment - Leisure / Hotel
Amenities
Luxury Develop for 37 timber clad lodges
Set in 6.79 acres of landscaped grounds
Mix of One and Two Storey Lodges
Lakeside setting
Close proximity to Lincoln City Centre
Good local and surrounding amenities
Mixture of Privately owned and rental Lodges
17 lodges privately sold at prices of up to £200K
3 plots offering immediate sales opportunities
Secure Gated Entrance

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RE: Middle Lane, Thorpe-on-the-hill, Lincoln, LN6  (210229151634)

map markerMiddle Lane, Thorpe-on-the-hill, Lincoln, LN6

Thorpe Park Lodges is located on Middle Lane in the village of Thorpe on the Hill, close to Lincoln, with direct access off the A46. The site sits approximately 5 miles from Lincoln which boasts numerous attractions, entertainment and activities in the city and surrounding areas. Adjacent to the Park is the 9 hole Lincoln Golf Centre, and Lincoln Water Park. Local amenities include 300-acre Whisby Nature Reserve, Doddington Hall & Gardens and Lincoln Castle amongst many more.
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