AGENT'S DETAILS
PROPERTY AGENT
William Wall
William Wall
Modern Office Investment, Unit 8 Checkpoint Court, Sadler Road, Lincoln LN6 3PW
For sale: £375,000.00|3753 Sq Ft|Offices, Office
PROPERTY DETAILS
FOR SALE£375,000.00
SIZE3753 Sq Ft
ADDRESS Unit 8, Checkpoint Court, Lincoln, LN6 3PW
TYPEOffices, Office
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON3rd January 2020
DESCRIPTION
Modern office investment, ground, first and second floor offices, ample parking, £29,800 pax income, OIEO 375,000 (7.64% NIY).
The property comprises ground, first and second floor offices benefitting from a shared entrance, lift and stair access between the floors. The suites provide modern open plan and private offices with ancillary, staff and WC facilities generally finished with carpeted floors, painted plastered walls, perimeter trunking, suspended ceilings incorporating inset lighting and air conditioning.
Externally, there are allocated car parking spaces.
EPC Ratings: C61, D95 and B50
LOCATION
The property is located at the entrance of the successful Checkpoint Court office development and is accessed off Sadler Road a short distance from its junction with the busy Doddington Road.
Neighbouring occupiers include Simons Group and Langleys Solicitors. The position is close to the A46 Lincoln bypass with dual-carriageway access to the A1 thereafter.
TOWN AND COUNTRY PLANNING
We understand that the property has consent for office use under Class B1 of the Town and Country Planning (Use Classes) Order 1987 (as amended).
Interested parties are advised to make their own investigations to the Local Planning Authority.
TENURE
The property is available For Sale freehold, subject to occupational leases over each of the three floors.
The total rent payable is £29,800 pax. Further details available upon request.
TENANCIES
Ground Floor:
Ashoka Ltd - 31st January 2023
First Floor:
New Cross Healthcare Ltd - 31st July 2022
Second Floor:
The Angel Organisation - 31st July 2021
PRICE
OIEO £375,000 (7.64% NIY after costs)
SERVICE CHARGE
A service charge may be levied to cover the upkeep and maintenance of the common parts at Checkpoint Court. Please contact the agents for further details.
VAT
VAT may be charged in addition to the price at the prevailing rate. It may be possible to proceed as a transfer of a going concern.
LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.
VIEWING:
To view the premises and for any additional information please contact the sole agents.
The property comprises ground, first and second floor offices benefitting from a shared entrance, lift and stair access between the floors. The suites provide modern open plan and private offices with ancillary, staff and WC facilities generally finished with carpeted floors, painted plastered walls, perimeter trunking, suspended ceilings incorporating inset lighting and air conditioning.
Externally, there are allocated car parking spaces.
EPC Ratings: C61, D95 and B50
LOCATION
The property is located at the entrance of the successful Checkpoint Court office development and is accessed off Sadler Road a short distance from its junction with the busy Doddington Road.
Neighbouring occupiers include Simons Group and Langleys Solicitors. The position is close to the A46 Lincoln bypass with dual-carriageway access to the A1 thereafter.
TOWN AND COUNTRY PLANNING
We understand that the property has consent for office use under Class B1 of the Town and Country Planning (Use Classes) Order 1987 (as amended).
Interested parties are advised to make their own investigations to the Local Planning Authority.
TENURE
The property is available For Sale freehold, subject to occupational leases over each of the three floors.
The total rent payable is £29,800 pax. Further details available upon request.
TENANCIES
Ground Floor:
Ashoka Ltd - 31st January 2023
First Floor:
New Cross Healthcare Ltd - 31st July 2022
Second Floor:
The Angel Organisation - 31st July 2021
PRICE
OIEO £375,000 (7.64% NIY after costs)
SERVICE CHARGE
A service charge may be levied to cover the upkeep and maintenance of the common parts at Checkpoint Court. Please contact the agents for further details.
VAT
VAT may be charged in addition to the price at the prevailing rate. It may be possible to proceed as a transfer of a going concern.
LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.
VIEWING:
To view the premises and for any additional information please contact the sole agents.
LOCATION
Location:
Unit 8, Checkpoint Court, Lincoln, LN6 3PWGBLincolnshireLN6 3PWCheckpoint Court
|
Hykeham (1.1 miles) Lincoln Central (3.4 miles) Swinderby (4.3 miles) |