Property Details

This property is made up of three parts. The front of the property facing directly onto Long Leys Road is occupied by Travis Perkins, Builders Merchants. The second part to the rear with access via a private roadway is a further section is occupied by Travis Perkins as a Woodyard. The third part of the property is occupied by Veolia as Offices and for maintenance and storage of skips and lorries. All three sections of the property have buildings erected on them but we understand that these are all 'tenant's improvements'

Rarely Available Freehold Ground Lease Investment Current Ground Rents Passing £69,330 Per Annum 80 Years Unexpired 5 Yearly Upward-only Rent Reviews From 30th November 2026 Industrial Ground Rent Investment Industrial Ground Rent Investment, Long Leys Road, Lincoln Detailed Description This Property Is Made Up Of Three Parts. The Front Of The Property Facing Directly Onto Long Leys Road Is Occupied By Travis Perkins, Builders Merchants. The Second Part To The Rear With Access Via A Private Roadway Is A Further Section Is Occupied By Travis Perkins As A Woodyard. The Third Part Of The Property Is Occupied By Veolia As Offices And For Maintenance And Storage Of Skips And Lorries. All Three Sections Of The Property Have Buildings Erected On Them But We Understand That These Are All 'tenant's Improvements' Location Lincoln Is A Cathedral City With An Urban Population Of 127,000 (2021 Census). The City Is Located Approximately 33 Miles North East Of Nottingham, 41 Miles South East Of Sheffield And 48 Miles North Of Peterborough. Lincoln Has Had Strong Development In Recent Years With Expansion Of The University Of Lincoln And Improved Transport Links By A46 Dualling And Direct Trains To London Being Significant To Growth. The Property Is Part Of An Industrial Area To The West Of Lincoln City Centre. Long Leys Road Gives Good Vehicular Access To The A46 Lincoln Ring Road Via The A57 Which Itself Links To The A1 Near Retford. Reviews To Market Rent (ignoring Buildings Erected By The Tenants) Net Initial Yield 3.8% After Purchase Costs