About this property
The property is located close to the Junction of High Street and Boultham Avenue, on the southern fringe of Lincoln City Centre. High Street is the principal retail district of Lincoln, currently undergoing significant Highways improvements. The property has the benefit of short-stay parking immediately in front of the building, along High Street.
For satellite navigation purposes, please use the postcode LN5 8AA.
We are pleased to offer To Let these two recently refurbished, interconnecting Retail Units with ancillary Workshop/Storage accommodation beyond. The units would be ideally suited to a variety of uses including Hairdressing/Beauty, Sandwich Bars or Coffee Shops and a number of other retail uses.
The property comprises two interconnecting retail units at ground floor level, which have been recently refurbished to a high specification and are considered capable of occupation, either as a whole or could easily be divided back into two self-contained units. In addition to the retail frontages, there is workshop and storage accommodation with ancillary kitchen/WC facilities to the rear.
Sales Area with Office and Stores beyond extending, in total, to 57.2m² (615ft²). Please note this accommodation is currently interconnecting with No. 80.
Comprising a generous open-plan retail/sales area, together with further workshop/offices and WC facilities, extending, in total, to 52.1m² (560ft²).
Mains drainage, gas, electricity and water are connected to the property and are separately serviced to each of the ground floor units.
EPC Rating – D.
The property is available To Let under the terms of a new Lease, for a term of years to be agreed at an annual rental of £14,400 per annum (as a whole) or £7,200 per annum (individually), exclusive of Rates and all other outgoings. The Lease is to be on an Internal Repairing basis.
Numbers 79 & 80 combined have a Rateable Value of £12,000.
In the event that a full rating liability is required, the current rates payable would be £5,748 (Rate to the pound for 2017/18 is 47.9 pence).
Prospective Tenants 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.
Referencing Fee payable by Tenant – £100 inclusive of VAT
The ingoing Tenant to be responsible for the Landlords reasonable costs for the production of the Lease.
Via Mundys Commercial – 01522 556088