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The Glassmill Brayford Whar N 11,971 sq ft 100% Let Retail Property Lincoln LN1 1YW £3,000,000 (£250.61/sq ft) 8.30% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Close to local amenities
- Good transport links
- Prime location on Lincoln City
EXECUTIVE SUMMARY
Multi-let restaurant investment let to Prezzo, Nando’s and Five Guys, situated in prime location on Lincoln City Centre leisure circuit, generating a current rental income of £265,600 per annum.
Offers invited in excess of £3 million. A purchase at this level would reflect a Net Initial Yield of 8.3% after standard purchasers costs. The WAULT to the first break is 7 years and 6 months and to lease expiry is 10 years
Offers invited in excess of £3 million. A purchase at this level would reflect a Net Initial Yield of 8.3% after standard purchasers costs. The WAULT to the first break is 7 years and 6 months and to lease expiry is 10 years
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
11,971 sq ft
Costar Property Class
B
Year Built
1994
Price
£3,000,000
Price per sq ft
£250.61
Yield
8.30%
NOI
£249,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.77
Total Plot Size
0.36 ac
Frontage
148 ft on Brayford Wharf North
AMENITIES
- Courtyard
- Security System
- Waterfront
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
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The Glassmill | Brayford Whar N
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