Property overview

Sainsbury’s, Lincoln Road, Washingborough, Lincoln, LN4 1AT

Download the Sales Brochure Make an enquiry
Nov 2023

Please find below details of this prime supermarket development funding opportunity we have been instructed to market:

  • Forward funding of a prime supermarket investment
  • Located in the affluent Lincoln suburb of Washingborough, to the east of Lincoln and in close proximity to the Lincoln Eastern Bypass (A15)
  • A new build supermarket extending to 1,681.99 sq.m (18,105 sq.ft) pre-let to Sainsbury’s Supermarkets Ltd
  • Lease term 20 years (without break)
  • Lease subject to five yearly upward only reviews to CPI collared at 1% and capped at 3.5% per annum compounded
  • Rent £376,765 per annum (£20.81 per sq.ft)
  • Excellent covenant with a Dun & Bradstreet rating of 5A1
  • Site has been granted detailed planning consent for the proposed development
  • Practical completion Q4 2024

We are instructed to seek offers in excess of £6,730,000 subject to contract and exclusive of VAT. The purchase price would equate to a Net Initial Yield of 5.25%,  assuming standard purchaser’s costs of 6.65%.