Free valuation

High Street, Kings Arms Yard, LincolnOffices, A1 – Centre, Leisure Other, Day Nursery / Child Care, Nursing & Care Homes, Surgeries

£8,500
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About this property

LOCATION
The property is situated within Lincoln City Centre, with access from either Clasketgate or High Street and situated adjacent to the Lincoln Theatre Royal. The property is within walking distance of the Lincoln Transport Hub with its bus and rail connections.

The Cathedral City of Lincoln’s major administrative and shopping centre within Lincolnshire, has a resident population in the region of 95,000.

DESCRIPTION
This attractively refurbished first & second floor commercial accommodation offers a total of 126 sq.m (1,355 sq.ft), in addition to ancillary Kitchen and Bathroom Facilities, all located centrally within Lincoln City Centre, with access directly off High Street and Clasketgate. The competitively priced accommodation currently has D1 use, but is considered suitable for a variety of business uses and viewing is highly recommended.

The accommodation has a private entrance at ground floor level with a staircase providing access to the first and second floor accommodation. The first floor accommodation comprises; six rooms including a general open-plan space with Kitchen and WC Facilities off. At second floor level, there are two further rooms together with a Kitchen and Bathroom/WC Facilities. The Net Internal Floor Area extends to 126 sq.m (1,395 sq.ft). The floor plan provides an indication as to the layout of accommodation.

SERVICES
Mains drainage, electricity and water are connected. Heating is via electric panel heaters throughout the office accommodation.

EPC Rating – E.

TERMS
The accommodation is available to let for a term of years to be agreed under the terms of a new Full Repairing & Insuring Tenancy Agreement. The initial rent to be £8,500 per annum and subject to three yearly rent reviews.

A tenancy deposit of £750 is required.

OUTGOINGS
£10,500

In the event that a full rating liability is required, the current rates payable would be approximately £5,300 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
VAT may be applicable.

LEGAL COSTS
The ingoing Tenant is responsible for a referencing fee of £100 inc VAT per person named on the Lease and the Lease preparation fee is £300 inc VAT.

PARKING NOTES
Pay and display car parks are available close-by.

VIEWING
Via prior appointment with Mundys Commercial.

Energy Performance Cerificate (EPC)

Floorplan