Retail premises to let in Newark Road, Lincoln LN6
£14,500 pa (£7.22/sq. ft. pa)
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A prominent 2-storey former bank with potential for a variety of uses, subject to planning. The property comprises ground floor retail area, offices, strong room storage, WCs and staff room.
Ample on-site customer car parking is available with staff parking to the rear, plus the inclusion of four lock-up garages.
EPC : C69
The property is situated approximately 3 miles south of Lincoln City Centre and forms part of a parade of shops with a busy main road frontage.
The parade offers a wide range of independent shops including florist, beautician, off-licence, hairdresser, optician and fish & chip shop.
The A46 Lincoln bypass and dual carriageway to Newark, where access is available on to the A1, is located approximately 3 miles to the south.
We understand the property has consent for use falling within Use Class A2 (Professional and Financial Services) of the Town & Country Planning Act (Use Classes) Order 1987 (As Amended).
The property could also be used for A1 (Shops), A3 (Restaurants & Cafes) and B1 (Business) through permitted change rights.
The property may also be suitable for a number of other uses subject to planning.
The unit is available by way of assignment of the existing lease to National Westminster Bank Plc and the Royal Bank of Scotland Plc for a term expiring 23rd June 2025 at a passing rent of £14,500 per annum.
There is a rent review in June 2020 to a minimum uplift of £15,587.50 per annum.
£14,500 per annum exclusive
A service charge is payable by all occupiers to cover the upkeep and maintenance of the common areas. Details will be provided on request.
VAT may be payable at the prevailing rate.
Each party is to be responsible for their own legal costs incurred in documenting the transaction.
To view the premises and for any additional information please contact the sole agents.
Robin Hood Airport
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Hull Ferry Terminal
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King's Lynn Ferry Landing
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Bracebridge Infant and Nursery School
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New College Doncaster
The Priory Witham Academy
The Lincoln St Christopher's School
The Priory Academy LSST
Note: Distance is shown as a straight line measurement
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* Sizes listed are approximate. Please contact the agent to confirm actual size.
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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