18 – 22 Wainer Close, Lincoln

Location

Lincoln is a city in the county town of Lincolnshire in the East Midlands, it’s known for the medieval Lincoln Cathedral.

Including the urban areas Lincoln has a residential population of approximately 190,000 people.

The city is home to the University of Lincoln and Bishop Grosseteste University, and to Lincoln City FC.

From Lincoln train station you can reach Newark, Sheffield, Leeds, Nottingham, Grimsby, Peterborough and London King’s Cross.

Lincoln has easy access to the A1 which is approximately 30 minutes from the centre of Lincoln, and easy access to Newark’s railway stations.

Lincoln is also about 43 miles from East Midlands Airport and 29 miles from Humberside Airport.

Situation

Wainer Close Industrial Estate is on the outskirts of Lincoln. Just off Doddington Road and is one of the busiest and easily accessible roads in Lincoln.

These units have the opportunity to capture lots of passing traffic.

All five of these industrial units offer a different trade and therefore are not competing with one another.

Purchase Price

The total syndicated purchase price inclusive of purchasers’ costs is £770,000.

We are looking for 7 to 8 investors with an investment of £100,000 per investor.

18 – 22 Wainer Close, Lincoln

Tenant & Covenant Strength

This type of small industrial units rarely attracts strong covenants.

18 – 22 Wainer Close, Lincoln

Rental Income & Prospects 

With this type of investment in industrial unit’s rental values and tenants could be always changing.

With the tenant secured the rental yield after management charges is offering an immediate return of 6% p.a to 6.8% p.a.

18 – 22 Wainer Close, Lincoln

Unit 18: Soil Ninja Limited

Term:      2 Years from 28th September 2020

Rent:        £10,100 p.a

Reviews:  N/A

 

Unit 19: Dobbs Blinds Makers Ltd

Term:      8 Years – Sept 2016 to Sept 2024

Rent:        £10,100 p.a

Review:  Sept 2022 – open market

 

Unit 20: Dave Clark Motors Ltd

Term:      10 Years – Sept 2019 to Sept 2029

Rent:        £10,100 p.a

Review:  Sept 2024 – open market

 

Units 21 & 22: Dave Clark Motors Ltd

Term:      10 Years – Sept 2019 to Sept 2029

Rent:        £25,250 p.a

Review:  Sept 2024 – open market

18 – 22 Wainer Close, Lincoln

The syndicate will not raise borrowing on this scheme.

floor plan

map