£615,000
(£139.65/sq. ft)
Light industrial for saleUnits 1-4, Plot F, Westminster Road, North Hykeham, Lincoln LN6
4,404 sq. ft
Just added
Freehold
About this property
Secure annual income of £44,980 + VAT
70% of income let to Krinkels UK Ltd until November 2033.
Niy of 7% after purchaser costs.
4 fully refurbished light industrial units
Secure site with two entrances
WAULT of 6.0 years to expiry
Description
A fully refurbished multi-let industrial investment comprising four self-contained light industrial units extending to 4,404 sq ft (409.14 sq m) on a secure site of approximately 0.292 acres. The property is fully let to Krinkels UK Ltd and Royal Vulcans Cheer on secure leases, with each tenant benefiting from its own secure demise, providing a diversified and attractive income stream.
Location
Westminster Road Industrial Estate is an established and popular commercial location situated within Lincoln's principal industrial area. The estate benefits from excellent connectivity, lying close to Hykeham Railway Station and providing convenient access to the A46 Lincoln Bypass, which links directly to the wider regional and national road network. The area is home to a variety of established occupiers and remains a sought-after destination for industrial and business users.
The Investment
A rare opportunity to acquire a fully refurbished freehold multi-let industrial investment generating a total annual rental income of £44,980 per annum, reflecting a Net Initial Yield of 7.00% after purchaser's costs.
Units 1,2 and 4 are let to Krinkels UK Ltd at a combined rent of £31,000 per annum until November 2033, whilst Unit 3 is let to Royal Vulcans Cheer at £13,980 per annum until December 2030.
Krinkels UK Ltd
70% of Income is secure to Krinkels UK Ltd until November 2033.
Krinkels UK is an established grounds maintenance contractor with over 35 years of trading history, providing services to public and private sector clients. The company reported a 2026 turnover of £52 million and gross profit of £14 million, and works directly with City of Lincoln Council in delivering grounds maintenance services across the city.
Tenure
The Property is available freehold at a price of £615,000, subject to occupational leases.
VAT
The Property is elected for VAT. The property may qualify as a Transfer of a Going Concern (togc) and, if so, VAT may not be payable on the purchase price. Interested parties should seek their own independent professional advice and satisfy themselves as to the VAT treatment of the transaction.
A fully refurbished multi-let industrial investment comprising four self-contained light industrial units extending to 4,404 sq ft (409.14 sq m) on a secure site of approximately 0.292 acres. The property is fully let to Krinkels UK Ltd and Royal Vulcans Cheer on secure leases, with each tenant benefiting from its own secure demise, providing a diversified and attractive income stream.
Location
Westminster Road Industrial Estate is an established and popular commercial location situated within Lincoln's principal industrial area. The estate benefits from excellent connectivity, lying close to Hykeham Railway Station and providing convenient access to the A46 Lincoln Bypass, which links directly to the wider regional and national road network. The area is home to a variety of established occupiers and remains a sought-after destination for industrial and business users.
The Investment
A rare opportunity to acquire a fully refurbished freehold multi-let industrial investment generating a total annual rental income of £44,980 per annum, reflecting a Net Initial Yield of 7.00% after purchaser's costs.
Units 1,2 and 4 are let to Krinkels UK Ltd at a combined rent of £31,000 per annum until November 2033, whilst Unit 3 is let to Royal Vulcans Cheer at £13,980 per annum until December 2030.
Krinkels UK Ltd
70% of Income is secure to Krinkels UK Ltd until November 2033.
Krinkels UK is an established grounds maintenance contractor with over 35 years of trading history, providing services to public and private sector clients. The company reported a 2026 turnover of £52 million and gross profit of £14 million, and works directly with City of Lincoln Council in delivering grounds maintenance services across the city.
Tenure
The Property is available freehold at a price of £615,000, subject to occupational leases.
VAT
The Property is elected for VAT. The property may qualify as a Transfer of a Going Concern (togc) and, if so, VAT may not be payable on the purchase price. Interested parties should seek their own independent professional advice and satisfy themselves as to the VAT treatment of the transaction.
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