This property, situated in what is known as the “Golden Triangle” for logistics and distribution real estate in the United Kingdom.
The property is prominently located approximately 4 miles south west of the Lincoln city centre in the commercial area known as South West Quarter Business District and has a lease expiring on 13 March 2024. This business node has good access via the A46 to the A1 and the Lincoln City centre. The property comprises a modern warehouse used as a cash and carry operation by Booker Limited, a wholly owned subsidiary of Tesco plc, which is a FTSE 100 company listed on the London Stock Exchange. Booker is a long established business and the UK’s leading food wholesaler with over 500 000 customers including independent convenience stores, grocers, leisure outlets, pubs and restaurants.
Lincoln, Midlands, UK
A single storey, modern warehouse used as a cash and carry operation
47 822 square foot (site cover of 39%)
Booker Limited
26 February 2034
6.8%
Fully repairing and insuring (i.e. tenant responsible for all operating costs), upwards only 5 yearly rental reviews
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