Property overview

B&M, Golf Road, Mablethorpe LN21 1FB

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£2,830,000
Feb 2024

NorthCap have successfully completed the sale of this modern B&M retail warehouse on behalf of Lindum Developments.

The property had been recently developed and was let to B&M for a further 15 years.

The 14,000 sq ft freehold unit was let on FRI terms a commencing rental of £189,000 pa.

The property was acquired for £2,830,000 reflecting a NIY of 6.27%.

The purchaser, a private investor, was unrepresented.