MAJOR FREEHOLD DEVELOPMENT SITE - BeevorStreet LINCOLN / LN6 7DJ - Carrick Real Estate.
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BeevorStreet LINCOLN / LN6 7DJ MAJOR FREEHOLD DEVELOPMENT SITE
STUDENT ACCOMMODATION
HOMELET
EMR
UNIVERSITY OF LINCOLN
SUMMARY
• 19.5 acre freehold development site
LINCOLN SCIENCE adjacent to Lincoln city centre
& INNOVATION PARK
EXTENSION • Close to University of Lincoln (Top 20
BEEVOR ST
POPULAR AVENUE UK University) with 14,000 students
• Recent demolition of the majority
LINCOLN SCIENCE
of buildings only one tenant remains
& INNOVATION PARK
in situ
• Bay 17/18 is let to LC&M Limited
until 31/3/2024, the current rent
LC&M LTD is £194,118 per annum. There is
a landlord and tenant break option
in 2022.
• LC&M Limited (Lincoln Crankshaft &
VANGUARD Machine) have an Experian rating of
PACKAGING 97/100.
• Unconditional offers in excess of
£7,000,000 (Seven Million Pounds)
subject to contract and exclusive
of VAT.
B&Q
WESTERN GROWTH
CORRIDOR (SWANPOOL) CITY OF LINCOLN COUNCIL
DEVELOPMENT
BEEVOR STREET / LINCOLN / LN6 7DJ 02
HOLIDAY INN
UNIVERSITY OF
STUDENT LINCOLN SPORTS GREEN LN
LOCATION
ACCOMMODATION
LINCOLN SCIENCE
HOMELET POPULAR AVENUE & INNOVATION PARK
This is an important regeneration site
situated in a very prominent area that LINCOLN SCIENCE
& INNOVATION PARK
is undergoing redevelopment over the next EXTENSION
VANGUARD B&Q
few years. As well as being within easy ccess
PACKAGING
of Lincoln University and the city centre, the
BEEVOR ST
area is part of a considerable regeneration.
EMR
It will form part of the extensive Skewbridge
Swanpool development (3,200 homes)which
will add additional housing for the city of
Lincoln over the next 20 years. Nearby,
LINCOLN CITY
the University of Lincoln’s Brayford Pool
COUNCIL
Campus plan to invest a further £130m
over the next few years.
The site is opposite the Lincoln Science &
Innovation Park extension where they have WESTERN GROWTH
recently secured planning for 125,000 sq.ft CORRIDOR (SWANPOOL)
of offices. DEVELOPMENT
The site is in close to University of Lincoln’s
Brayford Pool Campus which is their main
M62 A63 HULL A57 A46
campus and St Marks Retail development. A1041 B1273
M62 B1398
KEY LOCATION BENEFITS A1
A19
A15
A46
• Easy access via the A46 dual carriageway SCUNTHORPE A180 SAXILBY RD
to the A1 and national motorway network BARNSLEY M180 GRIMSBY
DONCASTER A18
WEST COMMON
•3
0 minute drive from Newark Northgate M1 A57
A159 A15
train station; regular train services to M18 A46
A629 A1(M) B1273
LINCOLN
London Kings Cross, takes only 1 hour CATHEDRAL
SHEFFIELD
20 minutes
A156 LINCOLN A15
•L
ocal airports nearby include Robin Hood, M1 A16 NEWLAND
LINCOLN
A61
Doncaster, Humberside and East Midlands A57
A158
CHESTERFIELD A614 BRAYFORD WY
•C
lose to the Humber estuary, coined as A1 A46 BEEVOR ST
ST MARY’S WY
‘The Energy Estuary’, is leading the UK MANSFIELD A15
SAT NAV:
renewables sector with investments in
A6 A16
LN6 7DJ
wind, biofuels and renewable energy. NEWARKE B&Q
TRAIN
STATION
A17
Immingham and Grimsby are the A38 M1 A46 A52 MORRISONS
B1262
busiest cargo ports in the UK SLEAFORD A1192
A17 BOSTON TRITTON RD HIGH ST A15
DERBY NOTTINGHAM A52
BEEVOR STREET / LINCOLN / LN6 7DJ 03
LINCOLN TENANCY
• Lincoln city centre is experiencing Following the recent demolition of various buildings there is only one industrial building
major redevelopment (Bay 17/18) remaining. This is let to LC&M Limited 04677843 until 31/3/2025, the current rent
is £214,864 per annum. The tenant does not have security of tenure.
• University of Lincoln is now ranked
in the top 20 universities in the UK Area Rent Rent Lease Lease Lease
Bay Tenant Comments
(sq.ft) pa psf Start Date Break Date Expiry Date
•M
ajor engineering based in Lincoln The landlord and
tenant may
including Siemens and NMB MineBEA terminate the
(UK) Ltd LC&M lease by serving a
17 22,950 £90,365 £3.94 01/04/2021 31/03/2022 31/03/2024 break notice on
Limited
•L
incolnshire is the renewable energy the other party at
capital of the UK 12 months before
the break option.
•L
incolnshire is home to the Royal LC&M
18 26,350 £103,753 £3.94 01/04/2021 31/03/2022 31/03/2024 Same as above
Air Force Limited
19 Vacant 15,014 n/a n/a n/a n/a n/a
•T
he city is ranked in the Top 10 of
20 Vacant 13,781 n/a n/a n/a n/a n/a
35 retail centres in the East Midlands
Total 78,095 £194,118
•L
incoln Castle is home to one of only
TENURE
four copies of the Magna Carta
ST MARKS LINCOLN
The Property is Freehold.
COMPANY INFORMATION
Lincoln Crankshaft Machine
Lincoln Crankshaft Machine (L C & M Limited) who were founded in 2003, manufacture heavy
duty rotating parts including shafts and rollers for “mission critical” applications to Oil, Gas,
Energy and Transport customers worldwide. They were awarded the Queen’s Award for
LINCOLN CATHEDRAL BRAYFORD POOL
Enterprise (International Trade) in 2008.
Mar-17 Mar-18 Mar-19
Turnover £5,062,084 £5,844,738 £6,782,528
Pre-Tax Profit £235,293 £1,080,723 £1,693,928
Total Net Worth (excludes intangible fixed assets) £3,258,255 £4,132,967 £5,506,674
www.lcandm.co.uk
LC&M Limited (Lincoln Crankshaft & Machine) have an Experian rating of 97/100.
WATERSIDE SHOPPING CENTRE LINCOLN CITY CENTRE
BEEVOR STREET / LINCOLN / LN6 7DJ 04
LINCOLN CITY UNIVERSITY BRAYFORD LINCOLN
CATHEDRAL CENTRE OF LINCOLN POOL B&Q TRAIN STATION
BRAYFORD WY
CARHOLME RD
BT HOLIDAY INN
A57 TRITTON RD
SAXILBY RD STUDENT
STUDENT ACCOMMODATION
ACCOMMODATION GREEN LN
LINCOLN SCIENCE & BEEVOR ST
POPLAR AVENUE INNOVATION PARK A1192
HOMELET
LINCOLN SCIENCE
& INNOVATION PARK VANGUARD
EXTENSION PACKAGING
MORRISONS
BEEVOR ST
EMR
LINCOLN CITY
COUNCIL
WESTERN GROWTH
CORRIDOR (SWANPOOL)
DEVELOPMENT
BEEVOR STREET / LINCOLN / LN6 7DJ 05
VAT PROPOSAL
The property is elected for VAT although it is Offers are sought in excess of
anticipated that the sale will be structured as £7,000,000 (Seven Million Pounds
a Transfer of a Going Concern (TOGC). subject to contract and exclusive of VAT.
PLANNING
The site is subject to the policies contained within
the Central Lincolnshire Local Plan - Adopted
April 2017 and specifically Policy ‘LP5: Delivering
CONTACT
Prosperity and Jobs’. It forms part of a wider
designation noted as ‘E2’ which is identified as
‘Lincoln Science and Innovation Park’. The
designation notes that land within E2 comprise For further information or to arrange
suitable brownfield sites for redevelopment and a viewing, please contact:
that planning consent will be on site by site basis.
A masterplan was drawn up by Lincoln City STEVE CARRICK
Council in 2014 which set out a broad vision for
0161 806 0455 • 07711 042 584
the redevelopment of the area. The ambition for
‘The Lincoln Science and Innovation Park’ is to
sc@carrickre.com
establish a gateway opportunity for growth and
productivity improvement and to promote
sustainable employment opportunities within
Lincoln city. Planning consent was granted on
part of the site by Lincolnshire County Council
dated 29th December 2006 application number
2006/0792/F (renewed in 2012), for the erection
of seven two and three storey office buildings and carrickre.com
layout and construction of car parking spaces.
1ST FLOOR • CANADA HOUSE
Full details of which can be made available. CHEPSTOW STREET
With regard to future development proposals MANCHESTER • M1 5FW
interested parties are asked to make their
Important notice: These particulars are not an offer or contract, nor part
own planning enquiries. of one. You should not rely on statements by Carrick Real Estate in the
particulars or by word of mouth or in writing (“information”) as being
factually accurate about the property, its condition or its value. Neither
ANTI MONEY
Carrick Real Estate has any authority to make any representations about
the property, and accordingly any information given is entirely without
responsibility on the part of the agents, seller(s) or lessor(s). Photos etc:
LAUNDERING
The photographs show only certain parts of the property as they appeared
at the time they were taken. Areas, measurements and distances given are
approximate only. Regulations etc: Any reference to alterations to, or use
of, any part of the property does not mean that any necessary planning,
building regulations or other consent has been obtained. A buyer or lessee
In Accordance with Anti Money Laundering must find out by inspection or in other ways that these matters have been
properly dealt with and that all information is correct. VAT: The VAT position
Regulations, two forms of ID and relating to the property may change without notice. Carrick Real Estate is
a limited company registered in England with registered number 10893418.
confirmation of the source of funding will Our registered office is Canada House, 3 Chepstow Street, Manchester,
M1 5FW where you may look at a list of members’ names.
be required from the successful purchaser. August 2020. carve-design.co.uk 14797/7
BEEVOR STREET / LINCOLN / LN6 7DJ 06
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