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Agent's details

Property agent
Alex Willis

Clayton Road

For sale: POA|5.93 Acre|Land, Commercial Land

Property details

FOR SALEPOA
SIZE5.93 Acre
ADDRESSClayton Road, Lincoln, LN5 8RE
TYPELand, Commercial Land
TENUREUnder Offer, For Sale Freehold
POSTED ON10th January 2022

Description

Key Points

  • Circa 5.93 acre (2.4 hectare) development opportunity
  • with potential for a range of uses (subject to planning)
  • Current passing rent of £42,800 per annum for lease on northern section of the Property
  • Attractive location less than 2 miles from Lincoln City Centre, Cathedral, Castle, University and Train Station, with good access to A1
  • Summary

    Development Opportunity For Sale (Subject to Planning)

    Description

    The Property is located less than 2 miles south of Lincoln City Centre, Cathedral, Castle, University and Train Station. It is surrounded by the Ofsted Outstanding (November 2010) Priory Academy LSST secondary school and sixth form buildings to the north, east and west, with the school’s athletics track to the south. There are a mix of other uses across the wider area, including commercial and residential, as well as Boultham Park to the west and Lincoln South Common to the east (which forms part of Witham Valley Country Park). The Property is irregular in shape and extends to circa 5.93 acres (2.4 hectares) in total. The northern section includes an office / depot, a workshop, stores, car parking and yard, all currently leased to Cadent Gas. The rent payable is £42,800 per annum and is not subject to rent reviews, with expiry on 30th September 2021. This lease is contracted outside of the Landlord and Tenant Act 1954 and includes rights for the tenant to terminate by serving at least 1 months’ notice. The Telecommunications mast located within the southern section of the Property is leased to Arqiva until and including 11 June 2099 at a peppercorn rent (£1 per annum). The reminder of the Property comprises the cleared sites of the former gas holders and associated hard standing used for parking, storage and access. The two compounds adjacent to the northern and eastern boundaries of the Property (eastern compound edged and hatched red on the Site Plan below) are operational and owned by Cadent Gas, so do not form part of the sale. Access to the Property is via Clayton Road to the west, which provides onward connections to the City Centre via the B1262 and the A1 via the A46 and A57.

    Location

    Lincoln is a historic Cathedral City located on the River Witham in Lincolnshire, first settled by the Romans and later ruled by the Vikings. It is a major centre of employment and popular tourist destination, well known for its famous historical landmarks including its Roman Trail, as well as the 11th Century Cathedral and Castle (home to one of only four surviving copies of the Magna Carta). The City has a population of circa 93,500 (2011 Census) and is home to the University of Lincoln (ranked 17th in the Guardian UK University Guide 2020) and Bishop Grosseteste University, with over 18,000 students combined in 2018/19. Lincoln is situated approximately 32 miles north east of Nottingham and 40 miles south east of Sheffield. The A1 is located to the west of the City and is easily accessed via the A57 and A46. Lincoln’s Railway Station in the City Centre has direct services to London, as well as Sheffield, Doncaster, Leeds and Nottingham. The combination of retail, leisure and employment opportunities, historic interest, Universities, road and rail links and surrounding countryside (including the Lincolnshire Wolds Area of Natural Beauty), make the City an attractive location to live, work and visit.

    Location

    marker
    Location: Clayton Road, Lincoln, LN5 8RE

    Lincoln Central (1.4 miles)

    Hykeham (2.3 miles)

    Saxilby (6.5 miles)

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