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Lincoln, Midlands, UK

Booker Cash and Carry

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Overview

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.

Location

Lincoln, Midlands, UK

Building use

A single storey, modern warehouse used as a cash and carry operation

Size of building

47 822 square foot (site cover of 39%)

Tenant

Booker Limited

Lease expiry date

26 February 2034

Acquisition yield

6.8%

Type of lease

Fully repairing and insuring (i.e. tenant responsible for all operating costs), upwards only 5 yearly rental reviews

Location

Further holdings

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