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Newland, LincolnOffices, A1 - High Street

£12,000
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About this property

LOCATION
The property is located a short distance from Lincoln’s pedestrianised High Street, with neighbouring businesses including a variety of retail and leisure operators. The Lincoln Transport Hub is located within walking distance offering good bus and rail link connections, several public car parks are also located nearby.

The Cathedral City of Lincoln is the major administrative and shopping centre within Lincolnshire, having a resident population in the region of 130,000.

DESCRIPTION
This prominent office/retail building is considered suitable for a variety of business uses and is available to let on flexible lease terms either as a whole extending to 239.6 sq.m (2,687 sq.ft), or alternatively separately with the smallest part being No. 24 extending to 109.6 sq.m (1,180 sq.ft). The accommodation is located within the City Centre and has the rare advantage of excellent car parking provision to the rear, with a total of twelve car parking spaces available.

This attractive Period Building is currently interconnecting, although could easily be separated as both properties are self-contained.

No. 22 comprises at ground floor level, two generously proportioned offices together with ancillary kitchens and WC facilities. At first floor level, there are three further offices and at second floor, a further two offices providing for a total floor area of 140 sq.m (1,507 sq.ft).

No. 24 comprises a large retail/office area at ground floor, together with ancillary stores, kitchen and WC facilities. At first floor level, there are two large offices and at second floor level, there are a further two offices providing a total floor area of 109.6 sq.m (1,180 sq.ft). The properties are available individually or combined and are considered to suit a variety of retail/office uses.

In the event that the property is divided into two separate units, No. 22, the larger element will have eight car parking spaces and No. 24, would have the benefit of four allocated car parking spaces.

SERVICES
Mains drainage, gas, electricity and water are connected to each property individually. Each property also has independent gas fired central heating systems.

TERMS
The property is available to let either as a whole or individually subject to a minimum lease term of three years. No. 22 Newland which includes eight car parking spaces is available to let at £18,500 per annum and No. 24 Newland, which includes four car parking spaces is available to let at £12,000 per annum. The whole property is available for £28,000 per annum.

OUTGOINGS
Rateable Value for 22 Newland is listed at £15,250
Rateable Value for 24 Newland is listed at £9,600
Small Business Multiplier (2020/2021) 49.9p in the £.
The property may qualify for small business rates relief.

Prospective tenants should make their own enquiries regarding Small Business Rates Relief.

VAT
22 Newland, Lincoln – VAT not chargeable.

24 Newland, Lincoln – VAT is chargeable.

LEGAL COSTS
Each party is responsible for their own legal costs associated with the preparation of the Lease. The ingoing Tenant is to pay a referencing fee of £100 inc VAT per person to be named on the Lease.

VIEWING
By prior appointment with Mundys Commercial – 01522 556088 or commercial@mundys.net

Floorplan