Lister Way Trade Park, Lister Way, Boston, PE21 8LF
Hawkstone Properties, represented by Atlas Real Estate, has exchanged contracts with a private investor, on the forward funding of a new two unit trade counter scheme on Lister Way in Boston.
Construction on the units has commenced with practical completion expected in November 2020.
The units are pre-let to Formula One Auto Centres and Toolstation with a total income of £90,300 per annum.
The development funding sold for £1,467,000 which reflected a net initial yield of 5.80%.