Screwfix, Riverside Enterprise Park, Saxilby, Lincoln LN1 2LRMake an enquiry
AP Investment has recently acquired a trade counter investment on behalf of a private client. The newly built unit is part of the latest phase of the highly successful Riverside Enterprise Park development.
The 2,500 sq ft unit is let to Screwfix Direct Limited on a 10 year lease from 5th December 2022. There is an upwards only, open market rent review at the end of Year 5.
The investment was purchased for £410,000 reflecting a net initial yield of 5.85%.
Banks Long & Co acted for the vendor.