Clayton Road, Lincoln
Development Opportunity For Sale (Subject to Planning)
The Property is located less than 2 miles south of Lincoln City Centre, Cathedral, Castle, University and Train Station. It is surrounded by the Ofsted Outstanding (November 2010) Priory Academy LSST secondary school and sixth form buildings to the north, east and west, with the school’s athletics track to the south. There are a mix of other uses across the wider area, including commercial and residential, as well as Boultham Park to the west and Lincoln South Common to the east (which forms part of Witham Valley Country Park).
The Property is irregular in shape and extends to circa 5.93 acres (2.4 hectares) in total. The northern section includes an office / depot, a workshop, stores, car parking and yard, all currently leased to Cadent Gas. The rent payable is £42,800 per annum and is not subject to rent reviews, with expiry on 30th September 2021. This lease is contracted outside of the Landlord and Tenant Act 1954 and includes rights for the tenant to terminate by serving at least 1 months’ notice.
The Telecommunications mast located within the southern section of the Property is leased to Arqiva until and including 11 June 2099 at a peppercorn rent (£1 per annum).
The reminder of the Property comprises the cleared sites of the former gas holders and associated hard standing used for parking, storage and access.
The two compounds adjacent to the northern and eastern boundaries of the Property (eastern compound edged and hatched red on the Site Plan below) are operational and owned by Cadent Gas, so do not form part of the sale.
Access to the Property is via Clayton Road to the west, which provides onward connections to the City Centre via the B1262 and the A1 via the A46 and A57.
Circa 5.93 acre (2.4 hectare) development opportunity, with potential for a range of uses (subject to planning)
Current passing rent of £42,800 per annum for lease on northern section of the Property
Attractive location less than 2 miles from Lincoln City Centre, Cathedral, Castle, University and Train Station, with good access to A1
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