Retail premises to let in High Street, Lincoln LN5

Property

The property comprises of a ground floor lock up retail unit with a principal frontage to High Street and a return frontage to St Mark Street.
Having previously accommodated Cooplands Bakery, the property benefits from 3 phase electricity and a kitchen, staff room and WC facilities towards the rear.

EPC- D76

Location

The Property occupies a prominent corner position at a busy intersection on lower High Street/Tentercroft Street/St Mark Street. Nearby occupiers include Tesco Express, jd Sports, Caffe Nero, Poundland, Subway and Iceland.

This section of the High Street is also home to a number of professional services including solicitors and accountants, with the main Lincoln University Campus in close proximity. The property is also well located, within a quarter of a mile of both Lincoln’s train and bus station.

Lincoln is one of England’s finest Cathedral cities and the administrative and major shopping centre within the County of Lincolnshire. It has a catchment population of circa 543,367 and an established total catchment spend of £984.40m. It also has a growing University with close to 15,000 students and academic staff based on the main campus, contributing an estimated £250m to the local economy.

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 (Commercial, Business & Services Use) of the Town and Country Planning (Use Classes) Order 1987 (as amended).

Class E now encompasses a number of uses formerly known as A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Cafés), B1 (Business) and D1 (Clinics, Health Centre, Crèche & Day Nurseries).
Interested parties are advised to make their own investigations with the Local Planning Authority.

Tenure

The property is available To Let by way of an assignment of an existing full repairing and insuring lease for a term expiring 24th July 2024. Alternative consideration will be given to a new letting for a term and rent to be agreed.

Service charge

A service charge may be levied to cover the upkeep, maintenance and repair of all common parts of the development.

VAT

VAT will 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.