Retail premises to let in High Street, Lincoln LN5

Property

The subject property comprises a prominent mid terraced retail unit with a glazed
shop front abutting the pedestrianised precinct on Lincoln High Street, laid out over
ground, first and second floors.
The previous occupants retailed from both the ground and part of the first floor
and an incoming tenant has this option. Internally the unit has a laminate floor, slat
boarded walls and a suspended acoustic ceiling.

EPC- D87

Location

The property is situated in a strong retailing location on Lincoln’s pedestrianised precinct. Nearby retailers include Tesco, jd Sports, Poundland and Subway. The prime retailing pitch begins around 100 metres to the north.

Lincoln is the shopping and administrative centre for the county of Lincolnshire. The City is ranked fourth in the East Midlands Experian City Centre Rankings behind Nottingham, Derby and Leicester and attracts over three million tourists per year predominately visiting the cathedral, which is recognised as one of the finest

examples of Gothic architecture in Europe.

The City has a population of circa 543,367 and an established total catchment spend of £984.40 million. It is also a growing University City, with close to 15,000 students and academic staff based at the city’s main campus, contributing an estimated £250 million to the local economy.

Lincoln is situated 30 miles north east of Nottingham, 45 miles north of Peterborough and 35 miles east of Sheffield.

The City enjoys good road links via the A46, leading to the A1 major arterial route, and the A15 provides access to Scunthorpe to the north and Peterborough to the south. There is also a train station with a direct route to London King’s Cross.

Services

We understand that mains water, electricity and drainage supplies are available and
connected to the property. These have not been tested and interested parties are
advised to make their own investigations to the relevant utility service providers.

Town & country planning

We understand that the property has consent for uses falling within Class E(g)
(Commercial, Business & Services Use) of the Town and Country Planning (Use
Classes) Order 1987 (as amended 2020). The property is not Listed but falls within
a Conservation area.

Interested parties are advised to make their own investigations with the Local
Planning Authority.

Tenure

The property is available To Let by way of a new lease for a minimum term of 5
years or multiples thereof, subject to 5 yearly upward rent reviews. The lease will
be drawn on Full Repairing and Insuring Terms

VAT

VAT may be charged in addition to the rent at the prevailing rate.

Legal costs

Each party is to be responsible for their own legal costs incurred in documenting
the transaction.

Viewing

Viewings are strictly by appointment through the Agents.