Investment for sale Lincoln LN2 1BD,9148sq ft

1/4

Investment

Investment For Sale Lincoln

PROPERTY ID: 125822

PROPERTY TYPE

Investment

STATUS

Available

SIZE

9,148 sq.ft

Key Features

29 space car park on 0.21 acre freehold site

Let to Excel Parking Services Ltd on a 10 year lease

Excellent tenant covenant strength (D&B rating of 4A1)

Annual passing rent of £95,000

Prime city centre location

Quoting £1,200,000 reflecting a NIY of 7.5% after costs

Property Details

Freehold Investment. A Car Park Providing 29 Spaces And Extending To 0.21 Acres, Recently Landscaped And Surfaced With Tarmacadam, Serving The Busy City Centre And Local Residents 24/7. The Site Has Frontages Onto Grantham Street, Flaxengate And Swan Street. The Property Is Let To Excel Parking Services Ltd On A Full Repairing And Insuring Lease For A Term Of 10 Years From 12 April 2024 At A Current Passing Rent Of £95,000 Per Annum. Excellent Tenant Covenant Strength (dun & Bradstreet Rating Of 4a1). Prime City Centre Location.

Download PDF Brochure

Open map Street View

About the Agent

LSH-Lincoln

See Agent's Other Properties

Investment Unit

£1,200,000 Freehold

Grantham Street Car Park,Grantham Street, Lincoln, LN2 1BD

Investment - Available
9,148 sq ft
850 sqm

Show phone number

Enquiry Form

Boxpod will only use your details to send an enquiry to the advertiser and prompt a response. By clicking the Send Enquiry button, you agree to Boxpod's Privacy Policy Please wait for a response. It may take several seconds.