Brayford Whar N - Storefront FOR SALE


Lincoln, LIN LN1 1YW
$3,000,000 USD
Brayford Whar N, Lincoln, LIN for Sale
$3,000,000 USD
Storefront - FOR SALE
1/1
null | 8.3% Cap Rate

Brayford Whar N
Lincoln, LIN LN1 1YW


HIGHLIGHTS

  • Close to local amenities
  • Prime location on Lincoln City
  • Good transport links

OVERVIEW

Multi-let restaurant investment let to Prezzo, Nando’s and Five Guys, situated in prime location on Lincoln City Centre leisure circuit, generating a current rental income of £265,600 per annum. Offers invited in excess of £3 million. A purchase at this level would reflect a Net Initial Yield of 8.3% after standard purchasers costs. The WAULT to the first break is 7 years and 6 months and to lease expiry is 10 years

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

8.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Glassmill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,643 SF

ZONING

-

APN/PARCEL ID

LL265834,LL423212

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James ButcherEddisons Incorporating Banks Long & CoMore Info

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James ButcherEddisons Incorporating Banks Long & CoMore Info

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