Retail

6 Silver Street, Coningsby, Lincoln, LN4 4SG

The unit is located in the town Coninsby that is 20 miles south east of Lincoln city centre.

Coningsby, best known as home to a major frontline RAF station and the Battle of Britain Memorial Flight visitor centre, is located some 20 miles south-east of Lincoln and 12 miles north-east of Sleaford.

The property is situated in a strong trading position in Silver Street directly opposite a Boots Pharmacy other occupiers nearby include the Post Office & Lloyds Bank.

The property is a single storey purpose built retail unit under a flat roof, joined with residential accommodation to the rear. There is good car parking to the side of the unit.

The unit has been extended, refurbished and refitted to McColls standard format.


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The property is let to Martin McColl Limited for a term of 20 years from 21st February 2011 on FRI terms and subject to 5 yearly upward only rent reviews with fixed uplifts at 2% per annum compounded throughout. The commencing rental is £26,000 per annum.

We are instructed to seek offers in the region of £375,900 (subject to contract) for the freehold interest, which reflects a net initial yield of 6.66% assuming purchasers costs at 4.8%.

£375,900

Available