Lincoln’s Fossdyke Canal to be sold at auction

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Lincoln’s Fossdyke Canal, which is said to be Britain’s oldest canal, is up for sale at auction with a guide price of £200,000.

Known as ‘The Channel and Navigation of the Fossdyke Canal’, it runs between Brayford Pool in Lincoln City Centre to Torksey, some 11 miles to the north-west, where it joins the River Trent.

Alongside the 11 miles of canal waterway, there is also a canal towpath.

The canal, which is currently owned by property developer Mike Testler, is believed to be the oldest man-made waterway in the UK, having been constructed by Romans in AD120.

It is available through Virtual Freehold, held on two leases both from Lincoln City Council.

Part of the property is held for a term of 999 years from September 29, 1741 (721 years unexpired) at £50 per annum fixed, and the remainder is held for a term of 999 years from August 1, 1741 (721 years unexpired) at £25 per annum fixed. The lease will expire in June 2740.

The canal, which is lot number 10 at the auction, will go on sale at The Montcalm Hotel in London on July 11.

For more information about the lot, click or tap here.