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High Street, LincolnA1 - High Street

£7,200
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About this property

LOCATION
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, which has been subject to extensive improvements, further enhancing the southern section of High Street. 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

DESCRIPTION
We are pleased to offer To Let this recently refurbished Retail Unit with ancillary Workshop/Storage accommodation beyond. The unit 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 ground floor retail unit comprises a well-presented, generously proportioned retail/office property comprising a generously proportioned sales area, rear lobby, office and staff area with kitchen/WC facilities. The property is considered suitable for a variety of retail uses. The accommodation extends, in total, to 57.2 sq.m (615 sq.ft).

SERVICES
Mains drainage, electricity and water are connected.

EPC Ratings – D

TERMS
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 £7,200 per annum, exclusive of Rates and all other outgoings. The Lease is to be on an Internal Repairing basis.

OUTGOINGS
Rateable Value – £6,500

The property is currently assessed for Business Rates as having a Rateable Value of £6,500 and the rates payable would be in the region of £3,276 (Rate to the pound for 2019/20 is 50.4 pence). It is, however, likely that any prospective occupier would be entitled to claim Small Business Rates Relief.

VAT
VAT is not payable on the rent.

LEGAL COSTS
The ingoing Tenant will be responsible for the payment of a referencing fee of £100 inc VAT. The ingoing Tenant would also be responsible for the Landlord’s reasonable costs incurred with the preparation of a new Lease.

VIEWING
Via Mundys Commercial

Floorplan