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Witham Park House Waterside S 63,201 SF 44% Leased Office Building Lincoln LN5 7JN $2,665,800 ($42.18/SF)
Investment Highlights
- Reduced price, high-yield investment opportunity
- Strong covenant exposure, including Anglian Water Services Ltd
- 12-month vendor rent guarantees on vacant suites
Executive Summary
The current passing rent is £255,172 p.a.x and the sellers will provide a 12 month rental guarantee for the vacant accommodation and offer a top-up to the headline rent on Suite 11, thereby generating a total rental income of £545,062 p.a.x. This generates a Net Initial Yield of 25.64%.
The freehold asset also includes long leasehold interests beneath a health club and serviced offices, as well as ownership of a bridge over the River Witham, providing a unique and diversified investment profile in a well-located Lincoln city centre fringe location. [f5917ea1-0...fa073194b4 | PDF]
Property Facts
Amenities
- Energy Performance Rating - D
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
| Space | Size | Space Use | Build-Out | Available |
| Ground-Ste Unit 10 | 3,405 SF | Office | Full Build-Out | Now |
| Ground-Ste Unit 12 | 2,289 SF | Office | Full Build-Out | Now |
| Ground-Ste Unit 13 | 2,478 SF | Office | Full Build-Out | Now |
| Ground-Ste Unit 14 | 9,991 SF | Office | Full Build-Out | Now |
| Ground-Ste Unit 15 | 4,353 SF | Office | Full Build-Out | Now |
| Ground-Ste Unit 16 | 6,226 SF | Office | Full Build-Out | Now |
| Ground-Ste Unit 2 | 6,943 SF | Office | Full Build-Out | Now |
Ground-Ste Unit 10
| Size |
| 3,405 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Ground-Ste Unit 12
| Size |
| 2,289 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Ground-Ste Unit 13
| Size |
| 2,478 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Ground-Ste Unit 14
| Size |
| 9,991 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Ground-Ste Unit 15
| Size |
| 4,353 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Ground-Ste Unit 16
| Size |
| 6,226 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Ground-Ste Unit 2
| Size |
| 6,943 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Ground-Ste Unit 10
| Size | 3,405 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
Ground-Ste Unit 12
| Size | 2,289 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
Ground-Ste Unit 13
| Size | 2,478 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
Ground-Ste Unit 14
| Size | 9,991 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
Ground-Ste Unit 15
| Size | 4,353 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
Ground-Ste Unit 16
| Size | 6,226 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
Ground-Ste Unit 2
| Size | 6,943 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
The property comprises a refurbished Victorian building providing open plan office space over two floors. Internally, each available suite has access to WC and kitchen/ staff facilities. Externally, the premises benefit from ample parking allocations.
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Witham Park House | Waterside S
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