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Lincoln – Strong Retail Park with an Attractive Income Return of 10.9%

Lindis Retail Park, Tritton Road, Lincoln, LN6 7JL

Offers in excess of £4,500,000

Property Type:
Commercial
Sub Type:
Retail
Tenure:
Freehold
Net Initial Yield:
10.9%

Description

  • Regionally dominant retail park located in Lincoln situated adjacent to a 140,500 sq ft Sainsbury’s
  • The property is fully let and comprises 4 units totalling 44,746 sq ft GIA
  • The property benefits from Open A1 (including food) planning consent
  • Strong tenant line up of Matalan, Domino’s, Iceland (t/a The Food Warehouse) and Poundstretcher (t/a Bargain Buys)
  • There is demised car parking to the front of the units providing a total of 267 spaces
  • The property is held freehold
  • AWULT of 6.57 years to break 6.88 to expiry
  • Total rent of £523,230 per annum equating to £11.69 per sq ft
  • Large catchment population of 89,080 within a 10 minute drive time and 164,478 within a 20 minute drive time