About this property
The property is prominently located with frontage onto St Marys, Lincoln directly opposite the train station and within a short walk of the Lincoln Transport Hub. St Marys is located directly off Lincolns prime High Street of the City Centre.
The Cathedral City of Lincoln is the major administrative and shopping centre within Lincolnshire having a resident population in the region of 95,000.
Mundys are pleased to offer to the market TO LET this former betting premises located in Lincoln City Centre and a short walk from the pedestrianised High Street and Lincoln Transport Hub. Consisting of an entrance lobby with storage, sales area and has the added benefit of air conditioning and a floor area of 57.6 sq. m (620 sq. ft.) in addition there is also W.C, kitchen facilities and a basement Currently falling within ‘Sui Generis’ planning use the premises lends itself to a number of different uses such as betting offices, launderettes and taxi business. Also suitable for a wide range of other businesses subject to the relevant planning permission.
The ground floor retail area consists of an entrance lobby with storage facilities, open plan sales area with the added benefit of air conditioning (4m x 14.4m). The overall floor area of the retail unit is 57.6 sq. m (620 sq. ft.) however, in addition to this there is also kitchen and W.C facilities and a basement for storage. The basement is 29.5 sq. m (312 sq. ft.) In total we believe the whole floor area for the premises to be 97.97 sq. meters (1054 sq. ft.)
Available TO LET on a new Full Repairing and Insuring Lease at a rental of £16000 per annum. A deposit may also be payable.
Rateable Value – £8,200
In the event that a full rating liability is required, the current rates payable would be approx. £4100 (Rate to the pound for 2019/20 is 50.4 pence).
VAT is not chargeable.
The ingoing tenant will be required to pay £100 referencing fee and will be responsible for the legal costs associated with preparing and negotiating the lease.
Viewings by appointment via Mundys Commercial on 01522 556088.