Defiant House , Sleaford Road, Nocton Heath
£675,000
For Sale
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£675,000
For Sale
Get in touch
Jamie Thorpe
MSc MRICS
Chartered Surveyor
03301280939
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Property summary
INVESTMENT OPPORTUNITY Let at £54,000 per annum until December 2030Attractive 7.6% NIY after typical purchaser costs0.85 acre compoundSurfaced and fenced yard157.3m2 (1,693 ft2) detached officeEPC - C73Get in touch
Jamie Thorpe
MSc MRICS
Chartered Surveyor
03301280939
More about the property
*INVESTMENT OPPORTUNITY*
Prominent land and offices let on a secure lease with a passing rent of £54,000 per annum exclusive.
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THE INVESTMENT
The Property is let on a full repair and insuring lease to Highway Traffic Management Ltd for a period of 7 years expiring in December 2030 and at an annual rent of £54,000 per annum exclusive. The tenant has the benefit of a break option in December 2027.
The Property is let on a full repair and insuring lease to Highway Traffic Management Ltd for a period of 7 years expiring in December 2030 and at an annual rent of £54,000 per annum exclusive. The tenant has the benefit of a break option in December 2027.
DESCRIPTION
The Property comprises a high quality office building extending to 1,693 sq ft, combined with a secure 0.85 acre compound that is largely surfaced and comes with fully fenced boundaries. The offices are fit to a modern and high standard, being well decorated throughout and fit with carpeted flooring and wall mounted radiators.
The Property comprises a high quality office building extending to 1,693 sq ft, combined with a secure 0.85 acre compound that is largely surfaced and comes with fully fenced boundaries. The offices are fit to a modern and high standard, being well decorated throughout and fit with carpeted flooring and wall mounted radiators.
LOCATION
The Property is located in a highly prominent and accessible position, with direct access on to the A15 road network that benefits from almost 15,000 average daily motor vehicle movements. It is situated almost equal distance between Lincoln city centre (7 miles north) and Sleaford Town (10 miles south).
The Property is located in a highly prominent and accessible position, with direct access on to the A15 road network that benefits from almost 15,000 average daily motor vehicle movements. It is situated almost equal distance between Lincoln city centre (7 miles north) and Sleaford Town (10 miles south).
TENURE
The Property is available freehold, subject to existing tenancy and at a price of £675,000. A copy of the existing lease is available upon request.
The Property is available freehold, subject to existing tenancy and at a price of £675,000. A copy of the existing lease is available upon request.
SERVICES
The Property is connected to mains water and electricity. Drainage is via a private system that was installed by the current owners around 4 years ago.
The Property is connected to mains water and electricity. Drainage is via a private system that was installed by the current owners around 4 years ago.
VAT
The price quoted is exclusive of VAT.
The price quoted is exclusive of VAT.
VIEWINGS
Viewings are strictly via the sole agents, Pygott & Crone: 36a Silver Street, Lincoln, LN2 1EW.
Jamie Thorpe
jthorpe@pygott-crone.com
07741234364
Viewings are strictly via the sole agents, Pygott & Crone: 36a Silver Street, Lincoln, LN2 1EW.
Jamie Thorpe
jthorpe@pygott-crone.com
07741234364
