Retail premises to let in 1 - 9 Tentercroft Street, Lincoln LN5

Two ground floor retail premises completed to a shell specification.

Location

The property occupies a prominent position at a busy intersection on Tentercroft Street and lower pedestrianised High Street. The St Marks Shopping Centre is located opposite and is home to a number of national retailers including Debenhams, Sports Direct, jd Sports, Superdrug, Caffè Nero and Tesco Express.

This area of the City is also home to a number of professional services including solicitors and accountants, with the University of Lincoln in close proximity. The area also benefits from a new 5 storey Travelodge which provides 127 rooms.

The new 1,000 space main shopper multi-storey car park, new bus station and railway station are located less than a 5 minute walk to the north.

Lincoln is the administrative and major shopping centre for the County of Lincolnshire and is ranked fourth in East Midlands Experience City Centre ranking behind Nottingham, Derby and Leicester. It has a population of circa 100,000 and a catchment of over 300,000 people.

Town & country planning

We understand that the property has consent for uses falling within Class E (Commercial, Business and Services Uses) 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

Each property is available To Let on a new lease for a term to be agreed. The lease will be drawn on equivalent of Full Repairing and Insuring terms.

Landlord’s incentives may be available to assist with the fit-out, subject to all other terms.

Rent

Unit 1 - £29,250 per annum exclusive
Unit 2 - £26,650 per annum exclusive

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

Legal costs

The in-going tenant will be responsible for the landlord’s reasonable legal costs incurred in connection with preparation grant of the lease.

Viewing

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