The building extends to approximately 26,500 sq ft upon a site density of 2.47 acres, representing a low 24% site density. Sadler Road is situated within one of the principal industrial and motor trade locations for Lincoln.
The purchase provides asset management potential through a possible renewal or regear with the existing occupier. Alternatively, should the property become vacant, the property provides an opportunity to carve off the excess yard and deliver a separate single-unit development.
Ed Jeffrey from Rotherhill comments: “This acquisition meets a number of our investment acquisition criteria; good quality specification, sub-three-year income, reversionary rental value and redevelopment options should the tenant vacate at the end of the fixed term.
“The built accommodation, expansive concrete yard area and prime location will continue to be attractive to occupiers.
“Our thanks go to Sean Bremner and Stuart Waite at CPP who acted on our behalf with this purchase.”
