52 Olsen Court, Olsen Rise, Lincoln

A good size first floor apartment within attractive, well located block of twenty one homes for the over 55's age group, built for and managed by Lace Housing a locally based provider of housing, care and support services for older people in Lincoln. Lace Housing offers a wide range of communal facilities, support services and additional care as and when required and their offices are just a few yards walk away from the apartment block. The apartment has living accommodation to comprise of Entrance Hall, Open Plan Living Dining Kitchen, two Bedrooms and Shower Room. There is a Juliet balcony in the living area with a very pleasant view out towards the nearby Carlton Shopping Centre and the attractively landscaped Carlton Community Garden. Communal areas within the building are very well presented and maintained, electric heating, uPVC double glazing and ,communal car park..
The Area
The Olsen Court building is no more than one hundred metres away and provides a very good range of amenities including, Post Office, Boots chemist, dentist, building society, a café/restaurant and yet more. There is a large Lidl supermarket on the opposite side of Outer Circle Road and just beyond off Wragby Road there is the city's largest Tesco's superstore. The famous uphill Lincoln Cathedral Quarter with the accompanying castle and its museums', the Bailgate and historic Steep Hill shopping areas with their quaint boutiques, bistros and more; are but a short drive or bus ride away.
Leasehold Title Information
Lease Start Date: 23 Apr 2009 Lease End Date: 23 Apr 2134
Lease Term: 125 years from 23 April 2009
Lease Term Remaining: 110 years
Service Charges: £2791.36 (subject to change based on annual inflations/costs.)

The current Lease is a shared ownership: Leaseholder:80% LACE 20% of market value. This shall remain the same for a new Leaseholder
A purchasers eligibility application form has been provided to be issued to any genuine purchaser post a viewing and a formal expression of interest (offer). It is a very lengthy form, which may be somewhat daunting for some, although Lace Housing will provide a buyer with appropriate guidance.

The basic eligibility criteria is as follows:
• All residents must be aged 55yrs and over.
• Their financial circumstances must be as such, that they would not be able to afford similar property/services elsewhere in the local area.
• They must not own property elsewhere/any property they have, they must be actively selling.
• Lace Housing consider pets on a case by case basis, but do not allow outdoor cats nor dogs on above ground floor levels

Useful Lace Housing website link about Olsen Court for prospective purchasers to go to for more information: https://lacehousing.org/housing/for-sale/olsen-court-39-59