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Enterprise House Waterside S 59,497 SF Office Building Lincoln LN5 7JE $11,313,847 CAD ($190.16 CAD/SF) 9.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Enterprise House is 1 mile east of Lincoln city centre, within the Witham Park office cluster.
- The building underwent a £2.5M extensive refurbishment (including new floors, ceilings, AC and lighting) in 2018.
- Benefits from generous car parking (433 spaces) and sits on a site of 4.4 acres.
EXECUTIVE SUMMARY
We are instructed to quote £5,627,000 (Five Million Six Hundred and Twenty Seven Thousand Pounds) which reflects an attractive net initial yield of 10.0% after full purchaser’s costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Building Size
59,497 SF
Building Class
C
Year Built
1996
Price
$11,313,847 CAD
Price Per SF
$190.16 CAD
Cap Rate
9.25%
NOI
$1,046,573 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
29,749 SF
Building FAR
0.78
Lot Size
1.75 AC
Parking
371 Spaces (6.24 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Signage
- Wheelchair Accessible
- Kitchen
- Storage Space
- Central Heating
- Natural Light
- Open-Plan
- Partitioned Offices
- Secure Storage
- Air Conditioning
- Smoke Detector
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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Enterprise House | Waterside S
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