Land for sale

Lincoln, Lincolnshire, LN3 4NR

Guide Price

£225,000

  • Status: FOR SALE SOLD UNDER OFFER
  • First Marketed: Sep 2021
  • Removed: Date Not Available
  • 0.41 acres

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Summary Details

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  • First Marketed: Sep 2021
  • Removed: Date Not Available
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  • 12, , CROFTON DRIVE, , LINCOLN, LINCOLNSHIRE, 375000, 20/05/2022
Around 367.8 m2 (3,959 sq.ft) - Rental Income £19,500 per annum - Located in the popular Allenby Industrial Estate - Approximately 1 mile from Lincoln Eastern Byspass (A15) - About 0.41 acres - 8.6% Yield

Location - This property is located on the Allenby Industrial Estate just to the east of Lincoln city centre and about 1 mile from the Lincoln Eastern Bypass (A15). Other occupiers include Rilmac, Cemex and ATS Euromaster.

Description - A light industrial/warehouse building well located in Allenby Industrial Estate. The premises is currently occupied and the tenant is paying a rental income of £19,500 per annum. The tenants are currently extending their lease which will be due to expire on the 31st December 2023.

The property comprises of an entrance hall, offices, workshops, WC's, storage room and kitchens on the ground floor and a mezzanine to the first floor which is currently being used as workshop space. The office space to the front benefits from double glazed windows and suspended ceilings. The property has a tarmacked driveway and parking to the front which leads to a gated yard space to the rear. To the east of the property is a large a large sliding door enabling loading into the property and a brick outbuilding which is currently being used a spray room. The property has the potential for a variety of business use.

Buyer Identity Check - Please note that prior to acceptance of any offer, JHWalter are required to verify the identity of the buyer to comply
with the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer)
Regulations 2017. Further, when a property is for sale by tender, an ID check must be carried out before a tender can
be submitted. We are most grateful for your assistance with thiS

Viewings - Strictly by appointment with the Agent.

William Gaunt

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Marketed by: JHWalter, Lincoln

Land Registry Data

  • 12, , CROFTON DRIVE, , LINCOLN, LINCOLNSHIRE, 375000, 20/05/2022
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