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Under OfferFor sale: £1,000,000.00

Modern Business Unit, Lexicon House, Stephenson Road, North Hykeham, Lincoln LN6 3QU

Offices, Light industrial, Industrial , 13513 Sq Ft
Property type: Offices, Light industrial, Industrial
Tenure: Under Offer, For Sale Freehold
Size: 13513 Sq Ft
Price: £1,000,000.00
Location: Lexicon House, Stephenson Road, LN6 3QU
Modern business unit, self-contained site with expansion land, available October 2018

The property was constructed in 2003 with steel portal frame, brick/block walls surmounted by lined corrugated sheet cladding set under a similarly clad pitched roof. Window and door fittings are powder coated aluminium framed double glazed units.

Internally the accommodation is sub-divided to provide office, staff and WC facilities over ground and first floor with stair and platform lift access.

The offices are generally finished with carpeted floors, painted plastered walls, suspended ceilings incorporating inset lighting and air circulation units with air conditioning cassettes in part.

There are sorting/storage areas to the rear, part incorporating suspended ceiling and part with a minimum working height of 4.5 metres.

The property benefits from three up and over vehicular access doors.

Externally there is car parking and extensive landscaping to the front, HGV loading/circulation yard to the east and undeveloped expansion land to the west that totals 0.09 hectares (0.22 acres).

The site area totals 0.35 hectares (0.86 acres).

The property is located fronting Stephenson Road in an established employment location within the south west business quarter of the Lincoln conurbation.

Surrounding occupiers include MKM Builders Merchants, Scott’s Storage, Lindum Group and Fun Farm.

The position is close to North Hykeham Train Station and provides quick access to the A46 Lincoln Bypass with the A1 11 miles south west.

We understand that the property has consent for uses falling within Class B1 (Offices/Light Industrial) of the Town and Country Planning (Use Classes) Order 1987 (as amended).

The property is available for sale freehold.

It is currently subject to an occupational lease to Lincolnshire County Council on Full Repairing and Insuring terms at a passing rental of £95,500 per annum exclusive, which is due to expire on 13 October 2018.

OIRO £1,000,000

VAT may be charged in addition to the price at the prevailing rate.

To view the premises and for any additional information please contact the sole agents.
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