Lincoln Investment Sale
Acting on behalf of Lincoln Corn Exchange & Markets (1991) Limited, Banks Long & Co surveyors of Lincoln have secured the sale of a purpose built Booker Cash and Carry investment on Sadler Road in Lincoln to an undisclosed private purchaser.
The sale price at £3.65 million equates to appoximately 6.70% Net Initial Yield with approximately 14 years remaining unexpired.
Commenting on the deal, William Wall of Banks Long & Co adds "Following a brief targeted marketing exercise we were able to generate a high level of interest in the opportunity, receiving a number of bids from a range of Institutional and private investment companies. The result was sale at the asking price, with a commitment of an early cash deal."
