£5.627.000
Confirmation
UK Government Statutory Undertaker Let Investment Expiring 2031
Lincoln, United Kingdom
89%
Office
#34236
Core+
27 Oct 2024
Property Details
Broker
For sale
59,497 sq.ft.
5,527 m²Leasable area
94.58 £/sq.ft.
1,018 £/m²10.00 %
1
Freehold
X
Fees
Investment Overview
59,497 sq. ft office building with 433 car parking spaces. 4.4 acre freehold site Entirely let on a full repairing and insuring lease to Anglian Water Services Limited. Anglian Water is a UK government statutory undertaker. The tenant has been in occupation for 28 years. Long lease expiring on 28 September 2031 (7 years 6 months term certain). Five yearly upward only, open market rent reviews (next 2026). Total passing rent of £600,000 per annum.
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