The property was constructed in 2003 with steel portal frame, brick/block walls surmounted by lined corrugated sheet cladding set under a similarly clad pitched roof. Window and door fittings are powder coated aluminium framed double glazed units. Internally the accommodation is sub-divided to provide office, staff and WC facilities over ground and first floor with stair and platform lift access. The offices are generally finished with carpeted floors, painted plastered walls, suspended ceilings incorporating inset lighting and air circulation units with air conditioning cassettes in part. There are sorting/storage areas to the rear, part incorporating suspended ceiling and part with a minimum working height of 4.5 metres. The property benefits from three up and over vehicular access doors.
Externally there is car parking and extensive landscaping to the front, HGV loading/circulation yard to the east and undeveloped expansion land to the west.
The property is located fronting Stephenson Road in an established employment location within the south west business quarter of the Lincoln conurbation. Surrounding occupiers include MKM Builders Merchants, Scott’s Storage, Lindum Group and Fun Farm. The position is close to North Hykeham Train Station and provides quick access to the A46 Lincoln Bypass with the A1 11 miles south west.
OIRO £1,000,000 = 9.03% NIY (after standard acquisition costs).
Each party is to be responsible for their own legal costs incurred in documenting the transaction.