About this property
The property is located on the southern fringe of Lincoln City Centre, just a short distance from St Mark’s Shopping Centre (home to Debenhams, Argos and many other national and regional occupiers) and with neighbouring small business occupiers including a tattoo parlour and takeaways.
We are pleased to offer "To Let" this exciting opportunity to let a well-presented ground floor retail unit, suitable for a variety of alternative retail uses. The property is located on Lincoln High Street, within a busy commercial district and the accommodation extends, in total, to approx. 43 sq.m (460 sq.ft).
Retail area – 3.41m x 5.24m and widens to 4.30m
With wooden flooring and window to the front aspect of the property.
Store Room – 4.30m x 2.31m
With continuation of the wooden flooring and giving access to the kitchen.
Kitchen – 2.22m x 2.77m
With continuation of the wooden flooring and have a range of wall and base units with work top over, stainless steel sink and drainer.
In addition, there is a WC compartment with Low-Level WC and storage space.
Mains drainage, electricity and water are all understood to be connected to the premises.
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 £6,600 per annum, excluding Rates and all other outgoings. The lease is to be on an Internal Repairing Basis and subject to three yearly rent reviews. The ingoing Tenant will also be requested to pay a contribution towards the Landlord’s buildings insurance which is currently £43.33 per calendar month.
Rateable Value – £4,350
Based on current incentives being offered by Local Government, substantial reduction or even complete Rates Relief may be available. Further enquiries should be made with Local Rating Authority.
VAT is not payable.
The ingoing Tenant is responsible for a Referencing Fee (£100 inc VAT) and the Landlord’s reasonable legal costs for the production of the Lease (£300 inc VAT).
1 hour free parking is available outside the property.
Please note that the external photograph is for illustration purposes only.
Via Mundys Commercial.