Units A, B & C Deacon Road Lincoln Lincolnshire LN2 4JB

Units A, B & C Deacon Road
Lincoln
Lincolnshire
LN2 4JB

Freehold Industrial Investment

  • Let to UPS Limited and Lincolnshire Road Car Co Ltd t/a Stagecoach
  • Prominent corner position opposite Tesco Extra
  • Short distance from Carlton Retail Centre which houses retailers including McDonald’s, Pets at Home, Argos and Boots.
  • Approximate site area of 1.20 hectares (2.96 acres)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    69
  • Auction
    19th May 2016
  • Rent
    £104,260 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,390,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers Colliers
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Industrial Investment

  • Let to UPS Limited and Lincolnshire Road Car Co Ltd t/a Stagecoach
  • Prominent corner position opposite Tesco Extra
  • Short distance from Carlton Retail Centre which houses retailers including McDonald’s, Pets at Home, Argos and Boots.
  • Approximate site area of 1.20 hectares (2.96 acres)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 69
  • Auction 19th May 2016
  • Rent
  • Status Sold
  • Price £1,390,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers Colliers

Property Information

Location
Miles
27 miles south of Scunthorpe, 38 miles north-east of Nottingham, 48 miles south-east of Sheffield
Roads
A15, A46, A158
Rail
Lincoln Central Rail
Air
Humberside Airport and Robin Doncaster Sheffield Airport
Situation

The property is situated to the north-east of Lincoln city centre, in a predominantly commercial area on Deacon Road. Deacon Road is well located being just off Wragby Road (A15), which leads to the city centre and also links with the A158 to the north-east which provides direct access to Skegness. The property occupies a prominent corner pitch opposite a new Tesco Extra and is short distance from the Carlton Retail Centre, which houses retailers including McDonald's, Pets at Home, Argos and Boots. Other nearby occupiers include Lidl and United Carpets.

Tenure

Freehold.

Location
Miles
27 miles south of Scunthorpe, 38 miles north-east of Nottingham, 48 miles south-east of Sheffield
Roads
A15, A46, A158
Rail
Lincoln Central Rail
Air
Humberside Airport and Robin Doncaster Sheffield Airport
Situation

The property is situated to the north-east of Lincoln city centre, in a predominantly commercial area on Deacon Road. Deacon Road is well located being just off Wragby Road (A15), which leads to the city centre and also links with the A158 to the north-east which provides direct access to Skegness. The property occupies a prominent corner pitch opposite a new Tesco Extra and is short distance from the Carlton Retail Centre, which houses retailers including McDonald's, Pets at Home, Argos and Boots. Other nearby occupiers include Lidl and United Carpets.

Tenure

Freehold.

Description

The property comprises two self-contained industrial units, with warehouse and office accommodation arranged over grounds and first floors. The site benefits from on-site parking and rear service yard and an approximate site area of 1.20 hectares (2.96 acres).

NB: As to the VAT status please refer to the special conditions.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two self-contained industrial units, with warehouse and office accommodation arranged over grounds and first floors. The site benefits from on-site parking and rear service yard and an approximate site area of 1.20 hectares (2.96 acres).

NB: As to the VAT status please refer to the special conditions.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
A Ground
First
Industrial/Office
Office
1,458.0 sq m
466.6 sq m
(15,694 sq ft)
(5,022 sq ft)
LINCOLNSHIRE
ROAD CAR
COMPANY LIMITED
T/A STAGECOACH (1)
10 years from
29/09/2012 (2)
£37,260 29/09/2017
(28/09/2022)
B-C Ground
First
Industrial/Office
Office
2,232.30 sq m
35.2 sq m
(24,028 sq ft)
(379 sq ft)
UPS LIMITED (3) 5 years from
01/05/2015 (4)
£67,000 (30/04/2020)
Totals    
4,192.10 sq m
(45,123 sq ft)
    £104,260

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    943 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    55 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
DLA Piper LLP Victoria Square House, Victoria Square
Birmingham
B2 4DL
Charlotte Duce 0121 262 5648charlotte.duce@dlapiper.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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