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UK Government Statutory Undertaker Let Investment Expiring 2031

Lincoln, United KingdomUnlock address

89%

£6.083.000

Office

#34236

Core+

4 Apr 2024

Property Details

Broker

For sale

59,497 sq.ft.

5,527 m²

Leasable area

102 £/sq.ft.

1,100 £/m²

9.25 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

59,497 sq. ft office building with 433 car parking spaces. 4.4 acre freehold site Entirely let on a full repairing and insuring lease to Anglian Water Services Limited. Anglian Water is a UK government statutory undertaker. The tenant has been in occupation for 28 years. Long lease expiring on 28 September 2031 (7 years 6 months term certain). Five yearly upward only, open market rent reviews (next 2026). Total passing rent of £600,000 per annum.