Retail premises to let in Cornhill, Lincoln LN5
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Property
The property occupies a prominent location within the Cornhill Quarter redevelopment with frontage onto Exchange Square. At ground floor level, the property comprises a large open plan retail space. The first floor contains WC facilities, storerooms/ offices and an expansive open plan space that would be suitable for restaurant or leisure purposes.
Location
The Cornhill Quarter is part of a £70m redevelopment aiming to rejuvenate Lincoln’s retail offering and city centre, encompassing Sincil Street, City Square and the Corn Exchange. The overall regeneration zone will deliver in excess of 150,000 sq ft of mixed use commercial space and has already accounted for significant improvements to city centre infrastructure links, including a new multi-storey car park and bus station.
The Cornhill Quarter contains a vibrant mix of occupants including restaurants The Botanist and The Cosy Club, national retailers such as Hobbs, Phase Eight, Whistles and hmv, a 4-screen Everyman Cinema and 200 Degrees Coffee.
Lincoln is the administrative centre and largest city in Lincolnshire with an urban population of 130,000 and a total catchment population of 545,000, giving it a total comparison goods expenditure of over £985m.
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).
Following changes to the Use Classes Order that came into effect on 1st September 2020, Class E now encompasses a number of uses including A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Café), B1 (Business) and D2 (Assembly & Leisure. )
Tenure
The property is available To Let by way of a new Full Repairing and Insuring lease, for a term 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 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.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Banks Long & Co, LN1 on +44 1522 397760 * (local rate)
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.