Homer House, Monson Street, Lincoln | Property for sale | Savills
Asking price £2,000,000

Homer HouseMonson Street, Lincoln

  • Under offer
  • Sole agency
  • Freehold
Investment

Key features

  • Landmark building designed by Sir Frederick Gibberd
  • Situated in the Cathedral City of Lincoln
  • Potential alternative uses or development (STPP)
  • Total income £141,805.27, plus additional PV income
  • Office and Care Centre Investment
  • BEST & FINAL OFFERS MONDAY 10 OCTOBER 2022 AT 1:00PM

For Sale - Office and Care Centre Investment situated to the south of Lincoln City Centre

About this property

  • The property is configured to provide two wings on either side of a service block, arranged over basement, ground, first and second floors with red brick elevations and strong vertical accent of load bearing buttress piers dividing the main elevation into seven and eight bays. The property benefits from a parking area to the front and a substantial car park to the rear with approximately 39 marked spaces. Internally, the accommodation is configured to provide an extensive range of both open plan and cellular office and health care related accommodation, with a comprehensive range of staff welfare facilities, finished to a high specification. There are roof mounted photovoltaic panels and telecommunication antennae.

Local information

  • The property is situated to the south of Lincoln City Centre.
  • It occupies a prominent site with extensive linear frontage to the south of Monson Street, close to its junction with High Street (B1262) and with a secondary access to the rear car park via Sibthorpe Street.
  • The immediate vicinity predominantly comprises Victorian terraced housing, typical of the area.
  • The High Street (B1262) is an established and thriving retail thoroughfare.

Additional information

  • The property is let to Lincolnshire Partnership NHS Foundation Trust until 13 May 2025 at a current rental of £120,694 per annum, without further review, on a full repairing and insuring basis, inside the Security of Tenure Provisions of the Landlord and Tenant Act 1954.
  • Supplementary income is received from two telecommunications antennae let to Cellnex and Arquiva expiring March and January 2023, totalling £21,111.27 per annum.
  • In addition, income from roof mounted photovoltaic panels for the year June 2021 to June 2022 provided an income of £8,415.95 per annum.

Energy performance

West Wing - C52 East Wing - B46

Available space

UNITFLOORUSESQ MSQ FT
West WingGround, 1st & 2ndOffices619.5366,669
East WingGround, 1st, 2nd & 3rdOffices828.2128,915