Sleaford Road, Nocton Heath, Lincoln, Lincolnshire, LN4
£398.70 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,693 sq ft
157 sq m
- SECTOR
Commercial property for sale
Key features
- INVESTMENT OPPORTUNITY
- Let at £54,000 per annum until December 2030
- Attractive 7.6% NIY after typical purchaser costs
- 0.85 acre compound
- Surfaced and fenced yard
- 157.3m2 (1,693 ft2) detached office
- EPC - C73
Description
*INVESTMENT OPPORTUNITY*
Prominent land and offices let on a secure lease with a passing rent of £54,000 per annum exclusive.
THE INVESTMENT
The Property is let on a full repair and insuring lease to Highway Traffic Management Ltd for a period of 7 years expiring in December 2030 and at an annual rent of £54,000 per annum exclusive. The tenant has the benefit of a break option in December 2027.
DESCRIPTION
The Property comprises a high quality office building extending to 1,693 sq ft, combined with a secure 0.85 acre compound that is largely surfaced and comes with fully fenced boundaries. The offices are fit to a modern and high standard, being well decorated throughout and fit with carpeted flooring and wall mounted radiators.
LOCATION
The Property is located in a highly prominent and accessible position, with direct access on to the A15 road network that benefits from almost 15,000 average daily motor vehicle movements. It is situated almost equal distance between Lincoln city centre (7 miles north) and Sleaford Town (10 miles south).
TENURE
The Property is available freehold, subject to existing tenancy and at a price of £675,000. A copy of the existing lease is available upon request.
SERVICES
The Property is connected to mains water and electricity. Drainage is via a private system that was installed by the current owners around 4 years ago.
VAT
The price quoted is exclusive of VAT.
VIEWINGS
Viewings are strictly via the sole agents, Pygott & Crone: 36a Silver Street, Lincoln, LN2 1EW. Jamie Thorpejthorpe@pygott-crone.com
Sleaford Road, Nocton Heath, Lincoln, Lincolnshire, LN4
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Metheringham Station4.7 miles
- Hykeham Station5.0 miles
Notes
Disclaimer - Property reference 10621352. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by PYGOTT & CRONE COMMERCIAL, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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