Investment.

Lincoln.

311-312 High Street

Map View

Status.

Available

Price.

£4,925,000 (Subject to Contract and Exclusive VAT)

Location.

The property is prominentlysituated in the centre ofLincoln on the east side ofthe High Street positionedon the city’s dominant retailpitch, in the heart of Lincoln’sestablished shoppingdestination.

Nearby occupiers includeMarks & Spencer, Primark,Fat Face, Boots and Rituals.The property is situatedbetween the WatersideShopping Centre and CornhillQuarter, with the surroundingarea benefitting from highfootfall and strong nationalretail representation.

Description.

The property benefits from excellent visibility and footfall along the High Street and sits within close proximity to the Cornhill Quarter andWaterside Shopping Centre, both key destinations within Lincoln City Centre.

The property provides 29,989 sq ft of mixed-use retail and leisure accommodation arranged over ground, first, and second floors.

The property comprises 3 retail and leisure units with JD Sports occupying in excess of 8,000 sq ft at ground floor level with an additionalvacant unit at ground floor level extending to 2,647 sq ft. In the upper parts, there is 18,556 sq ft of leisure accommodation let to Gutterball6 Ltd (guaranteed by Lane7 Ltd).

Rent.

£460,0000 per annum exclusive

Tenure.

Freehold

Yield.

A net initial yield of 8.75%

Share.

All viewings are strictly by prior appointment.

Ben Simpson.

Partner | Investment

Jonny Gooch.

Associate Partner | Investment

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