Retail premises to let in Newark Road, Lincoln LN6

£14,500 pa (£7.22/sq. ft. pa)
2,008 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 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.


Town and country planning


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.


Tenure


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.


Rent


£14,500 per annum exclusive


Service charge


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.


Legal costs


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


Viewing


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

Property info

Nearby transport

  • Hykeham (1.7 miles)
  • Lincoln (1.8 miles)
  • Saxilby (6.3 miles)
  • Robin Hood Airport (26.4 miles)
  • Humberside Airport (27.1 miles)
  • East Midlands Airport (41.0 miles)
  • Hull Ferry Terminal (39.2 miles)
  • West Lynn Ferry Landing (50.1 miles)
  • King's Lynn Ferry Landing (50.2 miles)

Nearby schools

View all schools in Lincoln
  • Bracebridge Infant and Nursery School (0.4 miles)
  • The Lincoln Manor Leas Infants School (0.7 miles)
  • The Lincoln Manor Leas Junior School (0.7 miles)
  • New College Doncaster (27.8 miles)
  • Unity Academy (30.2 miles)
  • Sevenhills Academy (30.5 miles)
  • The Priory Witham Academy (0.5 miles)
  • The Lincoln St Christopher's School (0.6 miles)
  • The Priory Academy LSST (0.7 miles)
Note: Distance is shown as a straight line measurement

Local info for Lincoln

* 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)

Contact Banks Long & Co about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

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.

Properties on the market nearby

14 more properties like this

View all Newark Road commercial properties to let