About this property
The property is prominently located close to the St. Catherines roundabout at the beginning of High Street and situated directly opposite the Peugeot Car Dealership. High Street is the principal retail district of Lincoln, currently undergoing significant Highways improvement works. This stretch of High Street comprises a mixture of local businesses and residential accommodation available, with street parking readily available close-by.
We are pleased to offer this open-plan double-fronted Showroom/Retail Unit available for immediate occupation. The self-contained ground floor accommodation extends, in total, to 101 sq.m (1,090 sq.ft), which has, until recently, been used as a carpet/flooring showroom, but is considered suitable for a variety of retail uses.
The property comprises a self-contained open-plan showroom/retail unit, which has been refurbished to a good standard and is well-presented throughout. In addition to the main open-plan showroom space, there is ancillary storage accommodation, office space and kitchen/WC facilities.
The principal showroom accommodation is 10.5 metres wide x 7.5 metres deep, having the benefit of a double frontage display area. A sales area/office to the rear is 4 metres wide x 3.4 meters deep and provides access to the kitchen and WC facilities. A further storeroom measures 2.1 metres wide x 1.7 meters deep, which is directly accessible from the showroom.
In addition to the main accommodation, a further heated lock-up storage unit to the rear is available by separate negotiation, if required.
Mains electricity, drainage and water are connected to the property.
EPC Rating – C
The property is available ‘To Let’ under the terms of a new Lease for a minimum period of three years, on an Internal Repairing Basis. The ingoing Tenant is responsible for the reasonable legal costs incurred in preparing the Lease (costs to be confirmed) together with the Agent’s Referencing Fee (£100 inc VAT).
Rateable Value – £10,500
In the event that a full rating liability is required, the current rates payable would be in the region of £5,029.50 (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. Interested parties should make their own enquiries.
By prior appointment through Mundys Commercial – 01522 556088