The Avenue - Prime Lincoln City
Conversion of Office space into 4 flats.
Why this project?
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Prime Location: Situated in a vibrant city area with excellent amenities.
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High Demand: Proven need for high-end luxury residential accommodations. expertise.
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Expert Execution: Leveraging our 30 years of construction and development
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Feasibility-Backed: Sustained demand for high-end serviced apartments.
Value Uplift
A full office-to-residential conversion was needed for this property, but we've achieved a 31% value uplift. Four self-contained flats are proof that a tired Victorian office building had far more potential than its last use let on.
Completion:
A 17 month project from start to finish.
Background
The Avenue is a traditional Victorian double-bay fronted detached former dwelling house, built circa 1890 in solid brick with a pitched state roof. The property has most recently been used as office accomodation
The Area
The Avenue sits in a prime Lincoln city location, close to Lincoln Cathedral, Lincoln Castle, Lincoln College, the High Street, Lincoln Central station, and Brayford Pool Waterfront.
Project Note - The Avenue
Planning permission was secured to convert this office building into four self-contained flats. Following refinance, there's no money left in the deal — yet it still generates an annual income of roughly £21,000. Value uplift, working exactly as it should.