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Investment Highlights

  • Unrivalled location
  • Popular business area
  • Close to Lincoln City Centre

Executive Summary

The property is located within the prestigious waterside development of Burton Waters, located approximately five miles west of Lincoln City Centre. Burton Waters is an unrivalled location, incorporating a select range of local businesses, in addition to the marina and gated residential development.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit Unit 6
  • 1,296 SF
  • Retail
  • $351,294 ($271.06/SF)
  • -
Sale Type Owner User
Sale Status Under Contract
Tenure Long Leasehold
Description
The premises comprise a very well-presented  self-contained ground floor retail suite, most recently used  as a beauty therapists and equipped internally to comprise  a reception area, various well-appointed treatment rooms,  a drinks/seating area and staff kitchen and WC facilities.  All business fixtures and fittings within the property are
available by separate negotiation if required and there is
ample visitor parking.
Sale Notes
The property is available for sale on the basis of a 999-year
Ground Lease with a Peppercorn Ground Rent.
Unit Unit Size Condo Use Price NOI
Unit Unit 6 1,296 SF Retail $351,294 ($271.06/SF) -

Unit Unit 6

Unit Size
1,296 SF
Condo Use
Retail
Price
$351,294 ($271.06/SF)
NOI
-

Unit Unit 6

Unit Size 1,296 SF
Condo Use Retail
Price $351,294 ($271.06/SF)
NOI -
Sale Type Owner User
Sale Status Under Contract
Tenure Long Leasehold
Description
The premises comprise a very well-presented&nbsp;&nbsp;self-contained ground floor retail suite, most recently used&nbsp;&nbsp;as a beauty therapists and equipped internally to comprise&nbsp;&nbsp;a reception area, various well-appointed treatment rooms,&nbsp;&nbsp;a drinks/seating area and staff kitchen and WC facilities.&nbsp;&nbsp;All business fixtures and fittings within the property are <br> available by separate negotiation if required and there is <br> ample visitor parking.</li></ul>
Sale Notes
The property is available for sale on the basis of a 999-year <br> Ground Lease with a Peppercorn Ground Rent.</li></ul>

Property Facts Under Contract

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 12,010 SF
Property Type Retail (Condo)
Property Subtype Storefront Retail/Residential
Building Class B
Floors 3
Typical Floor Size 12,010 SF
Year Built 2015
Lot Size 68.95 AC
Parking Ratio 0.83/1,000 SF

Amenities

  • 24 Hour Access
  • Corner Lot
  • Fenced Lot
  • Property Manager on Site
  • Waterfront
  • Energy Performance Rating - B
  • Listing ID: 32549771

  • Date on Market: 7/23/2024

  • Last Updated:

  • Address: The Quays, Lincoln LN1 2XG

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