Lincoln – Greetwell Hollow, Crofton Drive, Allenby Trading Estate, LN3 4NR
Located on the established Allenby Trading Estate, a short distance of the A15 (Lincoln Eastern By-Pass) and two miles northeast of Lincoln City Centre. A multi-let Industrial Investment comprising 10 units totalling 14,110 sq ft (1,311 sq m) on a site area 0.88 acres (0.356 hectares). The property is let on 9 individual leases, with Unit 10 being offered by way of a 12-month rental guarantee. Passing Rent of £115,340 per annum. We are instructed to seek offers in excess of £1,600,000 (ONE MILLION, SIX HUNDRED THOUSAND POUNDS), subject to contract. A purchase at this level shows an initial yield of 7.5%* based on usual purchase costs and a reversionary yield of 9.1%*
Capital Value £113 per sq ft. (*Assuming a 12-month rental guarantee on Unit 10.)
