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Lincoln – Prominent High Street Retail

1-7 Benedict's Square, Lincoln, LN5 7AR

Property Type:
Commercial
Sub Type:
Retail
Tenure:
Freehold

Income

£315,750 pa

Description

  • Exceptionally prominent town centre retail parade investment totalling approximately 2,991.7 sq m (32,202 sq ft).
  • Primary catchment population of 228,000 and the largest urban centre in the county of Lincolnshire.
  • Prime retail position situated on the pedestrianised section of the High Street and opposite from a large M&S department store.
  • Freehold.
  • Current income of £315,750 per annum, subject to rental top-up.
  • Let to 7 national and local tenants including Lloyds Bank, Boots, Brighthouse, The Tanning Shop and Game.
  • WAULT of 10.3 years to expiry (9.0 years to breaks).
  • All upper parts are intact with significant redevelopment potential to alternative uses, including residential, subject to planning.