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
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
Contacts
Seller's Solicitors
DLA Piper LLP Victoria Square House, Victoria Square Birmingham B2 4DL
