Property overview

ABF Grain Products, Doddington Road, Lincoln, LN6 3SE

sold

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£1,800,000
Mar 2012

Franck-Steier Price have recently completed the sale of a distribution warehouse investment on behalf of an institutional investor.

The property is located on Doddington Road, one of the main arterial routes into Lincoln city centre, and comprises a 1980’s distribution warehouse of 54,212 sq.ft.

The property is let to ABF Grain Products Limited for a term of 10 years from April 2010 subject to a tenant break option in April 2015.  The current rent is £210,000 per annum.

The property was sold for £1,800,000 which reflects a net initial yield of 11.0%