Free valuation

Portland Street, LincolnA1 - High Street

£5,400
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About this property

DESCRIPTION
Mundys are pleased to offer to the market this ground floor retail space located on Portland Street, just off Lincoln’s busy High Street within a popular Residential/Commercial district, which has a number of local businesses within and also large retailers such as Argos. Also within walking distance to Lincoln City Centre. Having the overall floor area of 159 sq. feet (14.8 sq. meters).

ACCOMMODATION
Retail Area (3.8m x 3.9m) – Having laminate flooring, window and access door to the front.

SERVICES
It is understood that electricity is connected to the property.

TERMS
The property is available ‘To Let’ for a term of years to be agreed at a rental of £450 pcm (£5,400 p/a). A deposit may be payable.

OUTGOINGS
Rateable Value – £3,800

In the event that a full rating liability is required, the current rates payable would be approx. £1,900 (Rate to the pound for 2019/20 is 50.4 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.

VAT
Not applicable

LEGAL COSTS
A Tenant Referencing Fee of £100 inc VAT, per person named on the Lease, will be levied to undertake referencing. The ingoing Tenant will also have the Landlord’s reasonable legal costs to pay for producing the Lease.

VIEWING
Via Mundys Commercial on 01522 556088

Floorplan