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Agent's details

Car Park Investment, Grantham Street, Lincoln LN2 1BD

For sale: £1,200,000.00|0.21 Acres|Land, Other, Retail - High Street, Commercial Land, Other Property Types & Opportunities, Retail

Property details

FOR SALE£1,200,000.00
SIZE0.21 Acres
ADDRESSCar Park Investment, Grantham Street, Lincoln LN2 1BD
TYPELand, Other, Retail - High Street, Commercial Land, Other Property Types & Opportunities, Retail
TENUREUnder Offer, For Sale Freehold
POSTED ON10th May 2024

Description

FREEHOLD INVESTMENT. A car park providing 29 spaces and extending to 0.21 acres, recently landscaped and surfaced with tarmacadam, serving the busy city centre and local residents 24/7. The site has frontages onto Grantham Street, Flaxengate and Swan Street. The property is let to Excel Parking Services Ltd on a full repairing and insuring lease for a term of 10 years from 12 April 2024 at a current passing rent of £95,000 per annum. Excellent tenant covenant strength (Dun and Bradstreet rating of 4A1). Prime city centre location.
( Agency Pilot Software ref: 2051954 )

Location

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Location: Car Park Investment, Grantham Street, Lincoln LN2 1BD

Lincoln Central (0.3 miles)

Hykeham (3.6 miles)

Saxilby (5.9 miles)

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