Property Detail

High Street Retail Parade Including 4 Retail Units in Lincoln for Sale, Freehold

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%

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http://www.brantstone.com/property/retail-property-to-buy-in-lincoln-uk-02023774 02023774 High Street Retail Parade Including 4 Retail Units in Lincoln for Sale, Freehold