About this property
The property is prominently situated on the junction of Burton Road and Turner Street and located adjacent to the Post Office. Burton Road is located approximately half a mile North of the City Centre within the popular ‘Uphill’ tourist district.
We are delighted to offer For Sale this established and popular Home Interiors/Giftware Business, located within a busy Commercial/Residential district within the affluent ‘Uphill’ area of Lincoln, which is within walking distance of the principal tourist attractions including the Cathedral and Castle. Burton Road also benefits from increased trade during the renowned Lincoln Christmas Market, which brings over 200,000 visitors to the City each year. Full financial information in respect of the business is available to all seriously interested parties.
The property has the benefit of a large return frontage Retail Showroom, which extends to 41 sq.m (441 sq.ft), in addition there is a large Store/Staff Room, which provides access to a courtyard area and WC Compartment.
Mains water and electricity are connected.
EPC Rating to be confirmed.
The property is available ‘To Let’ under the terms of a new Lease for a term of years to be agreed at a rental of £6,540 per annum.
The ingoing Tenant is responsible for a Referencing Fee (£100 inc VAT), together with the Landlord’s reasonable legal costs for the production of the new Lease. A deposit may also be payable.
Rateable Value – £7,500.
In the event that a full rating liability is required, the current rates payable would be approximately £3,780 per annum (Rate to the pound for 2019/20 is 50.4 pence).
Prospective occupiers are likely to qualify for Small Business Rates Relief which, under the current framework, would give up to 100% exemption of rates liability, but interested parties should make their own enquiries.
VAT may be applicable on the purchase price.
By prior appointment through Mundys Commercial.