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The Glassmill Brayford Whar N 11,971 SF 100% Leased Retail Building Lincoln LN1 1YW $4,056,356 ($338.85/SF) 8.30% Cap Rate
Investment Highlights
- Close to local amenities
- Good transport links
- Prime location on Lincoln City
Executive Summary
Multi-let restaurant investment let to Prezzo, Nando’s and Five Guys, situated in prime location on Lincoln City Centre leisure circuit, generating a current rental income of £265,600 per annum.
Offers invited in excess of £3 million. A purchase at this level would reflect a Net Initial Yield of 8.3% after standard purchasers costs. The WAULT to the first break is 7 years and 6 months and to lease expiry is 10 years
Offers invited in excess of £3 million. A purchase at this level would reflect a Net Initial Yield of 8.3% after standard purchasers costs. The WAULT to the first break is 7 years and 6 months and to lease expiry is 10 years
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
11,971 SF
Building Class
B
Year Built
1994
Price
$4,056,356
Price Per SF
$338.85
Cap Rate
8.30%
NOI
$336,678
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.77
Lot Size
0.36 AC
Frontage
148’ on Brayford Wharf North
Amenities
- Courtyard
- Security System
- Waterfront
- Storage Space
- Air Conditioning
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Nearby Major Retailers
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Presented by
The Glassmill | Brayford Whar N
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