Investments.

Lincoln.

Boots, 196/199 High Street, LN5 7AL

Map View

Status.

Sold on 01/06/2021

Service Charge.

Accommodation.

Ground Floor 17,308 sq ft 1,608.55 sq m
First Floor 14,940 sq ft 1,388.48 sq m
Second Floor 1,320 sq ft 122.68 sq m

EPC.

The property has a current EPC rating of E114. The EPC Certificate and Report are available on request.

Timing.

15 year lease from 26th November 2018 with an unexpired lease term of circa 12.8 years (7.8 years to tenant break option with a 6 month rental penalty).

Location.

The property occupies a prominent, 100% prime position on the western side of the pedestrianised High Street directly opposite the entrance to the The property occupies a prominent, 100% prime position on the western side of the pedestrianised High Street directly opposite the entrance to the Cornhill Quarter, adjoining River Island and in close proximity to both Marks & Spencer and Primark.Cornhill Quarter, adjoining River Island and in close proximity to both Marks & Spencer and Primark.

Description.

The property comprises a substantial, well configured and proportioned, ‘flagship’ retail store with an extensive frontage of circa 70ft (21m) onto the prime pedestrianised High Street. The property was extensively refurbished and re-fitted in late 2018/early 2019 with Boots opening to the public in April 2019.   The ground floor area is devoted predominantly to retail sales with an extensive first floor providing ancillary/staff accommodation and a small second floor plant area above. The tenant does not currently use all of the first floor. The property benefits from a service area to the rear accessed off Wigford Way.  

An adjoining and interconnecting unit at the rear of the property, with a return frontage onto St Benedict’s Square, is also occupied by Boots, and is not included within the vendor’s ownership.

Rent.

£491,250

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Ed Smith.

Partner | Investment

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