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2 Northgate

2,205 SF Retail Building Sleaford NG34 7BL $415,362 ($188/SF) 8% Cap Rate

Banks Lincolnshire Sleaford 2 Northgate, Sleaford, LIN NG34 7BL

Investment Highlights

  • The property is located in the centre of Sleaford
  • Grade II Listed Property
  • Situated close to Sleaford Market Place

Executive Summary

This prominent Grade II Listed Property located in Sleaford Town Centre, close to the Market Square. The property is currently let to Lloyds Bank PLC on a five year Lease from 24th June 2021, with a rent passing of £26,000 per annum exclusive. The property offers extensive accommodation which may be suitable for a number of alternative uses in the future, subject to any necessary consents being obtained.

Attachments

2 Northgate

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Bank
Building Size
2,205 SF
Building Class
B
Year Built
1880
Price
$415,362
Price Per SF
$188
Cap Rate
8%
NOI
$33,229
Tenancy
Single
Building Height
2 Stories
Building FAR
0.46
Land Acres
0.11 AC
Frontage
47 FT on North Gate
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+44 1522 556093

  • Listing ID: 32461866

  • Date on Market: 7/15/2024

  • Last Updated:

  • Address: 2 Northgate, Sleaford NG34 7BL

The Retail Property at 2 Northgate, Sleaford, NG34 7BL is currently available For Sale. Contact Mundy & Co for more information.

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2 Northgate
+44 1522 556093 x

2 Northgate

Steven Spivey

+44 1522 556093

+44 1522 556093

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