Investment.

Lincoln.

Boots, 196/199 High Street, LN5 7AL

Map View

Status.

Sold on 01/06/2021

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

Price.

£6,600,000 (Subject to Contract)

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 per annum exclusive

Tenure.

Freehold

Yield.

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Ed Smith.

Partner | Investment

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