Rotherhill has completed the sale of this industrial investment at Sadler Road, North Hykeham, Lincoln, to Modal Property, one of the UK’s largest industrial outdoor storage platforms. Following the successful lease renewal, Rotherhill completed an off-market disposal of the investment to Modal Property, capitalising on the enhanced lease terms.
The building extends to c26,500 sq ft on a site area of 2.47 acres, reflecting a site density of approximately 25%.
Rotherhill originally acquired the investment as a reversionary opportunity, with the property let to Yodel Delivery Network on a short-term lease. Following Yodel’s acquisition by InPost, Europe’s leading out-of-home delivery solutions provider, Rotherhill worked closely with their estates team to facilitate a lease renewal, together with a commitment from In Post to complete a programme of critical repair works, safeguarding the long-term value of the building.
