Property Information
Address:
Grantham Street Car Park, Grantham Street, Lincoln, East Midlands
, LN2 1BD
, East Midlands
, United Kingdom
Price: Buy: POA
Size: SOA
Primary Category: Investment
All Categories:
Investment, Land,
Property Ref/Movehut: MH689850
Property Ref/Agent: 2051954
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 7, 2024
Property description
FREEHOLD INVESTMENT. A car park providing 29 spaces and extending to 0.21 acres, recently landscaped and surfaced with tarmacadam, serving the busy city centre and local residents 24/7. The site has frontages onto Grantham Street, Flaxengate and Swan Street. The property is let to Excel Parking Services Ltd on a full repairing and insuring lease for a term of 10 years from 12 April 2024 at a current passing rent of £95,000 per annum. Excellent tenant covenant strength (Dun & Bradstreet rating of 4A1). Prime city centre location.
29 space car park on 0.21 acre freehold site
Let to Excel Parking Services Ltd on a 10 year lease
Excellent tenant covenant strength (D&B rating of 4A1)
Annual passing rent of £95,000
Prime city centre location
Quoting £1,200,000 reflecting a NIY of 7.5% after costs
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