Retail premises to let in Outer Circle Road, Lincoln LN2

£22,500 pa (£21.05/sq. ft. pa)
Retail premises to let 1,069 sq. ft*
Interested in this property? Call +44 1522 397760 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

A single storey modern retail unit with glazed frontage.


Location


The property is situated opposite The Carlton Centre, the largest commercial and shopping destination to the north of Lincoln City Centre, with over 10,000 living within walking distance. The shopping catchment covers the whole uphill area of the city and a number of large affluent villages to the north and east, including Nettleham and Welton.

Lincoln is the administrative and major shopping centre within the county of Lincolnshire and is rated 4th in the East Midlands Experian Centre Rankings behind Nottingham, Derby and Leicester. It has a population circa 100,000 and a catchment of 300,000. The City Centre has a caci retail ranking of 60 and an established comparison spend of £231m, with a total catchment spend of £864m.


Town and country planning


The property has consent for A1 (Retail) consent under the Town and Country Planning (Use Classes) Order 1987 (as amended).

The property is not Listed nor is it located within a Conservation Area.

The property is situated opposite The Carlton Centre, the largest commercial and shopping destination to the north of Lincoln City Centre, with over 10,000 living within walking distance. The shopping catchment covers the whole uphill area of the city and a number of large affluent villages to the north and east, including Nettleham and Welton.


Rates


Charging Authority: City of Lincoln Council
Description: Shop and Premises
Rateable value: £18,500
ubr: 0.512
Period: 2020-2021

Multiplying the Rateable Value figure with the ubr multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.


Tenure


The property is available by way of a new lease for a multiple of three years on Full Repairing and Insuring terms.


Rent


£22,500 per annum exclusive


Service charge


A contribution towards the upkeep of communal areas will be required. Further details are available upon request.


VAT


VAT will be charged in addition to the rental at the prevailing rate.


Legal costs


The ingoing tenant is to be responsible for the Landlord’s reasonable costs incurred in the preparation and grant of a new lease.


Viewing


To view the premises and for any additional information please contact the sole agents.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Banks Long & Co, LN1 on +44 1522 397760 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Banks Long & Co, and do not constitute property particulars. Please contact Banks Long & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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