Land & Buildings, Long Leys Road 5 Properties Offered at £1,725,000 in Lincoln
INVESTMENT HIGHLIGHTS
- Good road communications
- Good vehicular access to the A46 Lincoln Ring Road
- Part of a popular an industrial area to the West of Lincoln City Centre
EXECUTIVE SUMMARY
This property is made up of three parts. The front of the property facing directly onto Long Leys Road is occupied by Travis Perkins, Builders Merchants. The second part to the rear with access via a private roadway is a further section is occupied by Travis Perkins as a Woodyard. The third part of the property is occupied by Veolia as Offices and for maintenance and storage of skips and lorries. All three sections of the property have buildings erected on them but we understand that these are all 'tenant's improvements'.
Rarely available freehold ground lease investment. Current ground rents passing £69,330 per annum.
Rarely available freehold ground lease investment. Current ground rents passing £69,330 per annum.
PROPERTY FACTS
| Price | £1,725,000 |
| Price / SF | £62.00 / SF |
| Net Initial Yield | 3.80% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 27,823 SF |
| Total Land Area | 12.36 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 3 Long Leys Rd, Lincoln LN1 1DT | Industrial | 5,328 SF | 1980 | - |
| 4 Long Leys Rd, Lincoln LN1 1DT | Land | 1.40 AC | - | - |
| 2 Long Leys Rd, Lincoln LN1 1DT | Industrial | 5,167 SF | 1980 | - |
| 55 Long Leys Rd, Lincoln LN1 1DR | Industrial | 4,207 SF | 1980 | - |
| Long Leys Rd, Lincoln LN1 1DU | Industrial | 13,121 SF | 1980 | - |
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