High Street Retail Parade Including 4 Retail Units in Lincoln for Sale, Freehold
Property type: high street retail parade, to be purchased as portfolio
Purchase of established rental business
Tenure: freehold
Location: Lincoln, UK
• Lincoln is an attractive historic Cathedral city in the East Midlands with a population of more than 100,000
Total building size: са. 2,400 m2
• 1st unit: ca. 400 m2
• 2nd unit: ca. 400 m2
• 3rd unit: ca. 800 m2
• 4th unit: ca. 800 m2
Car parking facilities: YES
Tenants:
• pub chain
• chain of tourist equipment stores
• chain of discount variety stores
• sporting goods store
Weighted average unexpired lease term (WAULT): 7.3 years
Possibility of renewal: YES
Rent Review: YES
Purchase price: offers in excess of 3,000,000 GBP
(+ closing costs)
Rental Income: 320,000 GBP per annum
(+ indexation linked to inflation)
Net Yield: 10.0%
