BNP Paribas Real Estate has completed the sale of National Grid’s depot and former gasholder site in Lincoln to Hawksmount Properties for more than £600,000, but there are no immediate plans to change the site’s use.
The site of almost six acres on Clayton Road has development potential for a range of uses, subject to planning consent.
Alex Willis, Senior Associate Director, Development Consulting at BNP Paribas Real Estate said: “The sale of this significant site demonstrates the continued attraction of the National Grid property portfolio, as well as the strength of the Lincoln and wider East Midlands markets. Development sites in major towns and cities such as Lincoln are currently in high demand, particularly where amenities, transport links and a skilled local work force can be easily accessed.”
John Carter at Hawksmount Properties Limited said: “We will continue to operate the site as warehouse/storage accommodation for the foreseeable future, but will explore its potential for alternative uses in the longer term. We are currently looking for tenants for the two acres of open storage.”
Hawksmount Properties is an investment / development company specialising in properties which have challenging and complex land use and planning issues and the company is actively on the lookout for similar opportunities.
BNP Paribas Real Estate and Shakespeare Martineau acted for National Grid. Browne Jacobson acted for Hawksmount Properties Ltd.
