Free valuation

Newport, LincolnA1 – Centre, A1-OutOfTown, A1 – Other, Commercial

£39,000
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About this property

LOCATION
The property is prominently located close to the junction of Newport and Cecil Street and adjacent to the Newport Arch, within the sought-after Uphill District of Lincoln, popular with locals and visitors, being within close proximity of the Cathedral, Castle, Steep Hill and Bailgate Tourist Attractions.

DESCRIPTION
The business enjoys an excellent reputation, priding itself on offering an excellent range of children’s shoes and offering a personal service to all its customers. The property is held on Lease and is completely self-contained.

ACCOMMODATION
The main retail space is generously proportioned, comprising a double-fronted retail area extending to 31m² (336ft²). In addition, there is a children’s play area and large stock room, with ancillary kitchen and WC facilities.

The Sales Area measures – 7.8m x 4m (25.7ft x 13.1ft)
Fully equipped with racking and trade displays.

Children’s Play Area measures – 2.3m x 2.1m (7.6ft x 6.10ft)

Store Room measures – 6.1m x 5m (20ft x 16.4ft)
A large fully racked store room incorporating stainless steel sink unit. In addition, there is a private WC Compartment.

SERVICES
All mains services are connected. A gas fired central heating system is installed serving radiators throughout the retail space.

EPC Rating to follow.

TERMS
The property is held on a Leasehold basis. The current Lease expires on 30th November 2019 and the Passing Rent until that time is £9,500 per annum. Full details in respect of the tenancy agreement are available on request. The Landlord has indicated that if prospective purchasers require a longer term Lease, a new Lease could be granted direct to the purchaser.

The ingoing Tenant is responsible for referencing fees in the sum of £100 inc VAT.

The ingoing Tenant is responsible for the Landlord’s reasonable legal costs for producing a new Lease, or transferring ownership of the existing Lease.

OUTGOINGS
Rateable Value – £5,400

VIEWING
By prior appointment through Mundys Commercial – 01522 556088.

Energy Performance Cerificate (EPC)

Floorplan