To LetProminent office/retail space

Unit 1, The Gateway, Ruston Way, Lincoln, LN6 7DB

Description

A modern ground floor office/retail unit, with a full width glazed frontage and 4 car parking spaces to the rear.

location

The property enjoys a prominent location within the ground floor of The Gateway, one of the largest purpose built blocks of student accommodation in Lincoln City Centre. The unit overlooks the Ropewalk/Tritton Road/Brayford Way roundabout, adjacent to the Holiday Inn Express and opposite a McDonalds Drive Thru. The University Campus is about 2 minutes’ walk to the east and the City Centre is about 5 minutes’ walk to the east.

Lincoln is the administrative and major shopping centre within the County of Lincolnshire. It has a catchment of circa 543,367 and an established total catchment spend of £984.40 million. It is a growing University City, with close to 15,000 students and academic staff based at the main campus in Lincoln, contributing an estimated £250 million a year to the local economy.

tenure and rent

The property is available by way of a new sub-lease contracted out of the Security of Tenure and Compensation Provisions of the 1954 Landlord and Tenant Act for a term of years to be agreed, (maximum term expiring in September 2025). Landlords break is on 1st September 2020. The lease is drawn on the equivalent of Full Repairing and Insuring terms, by way of a service charge.

£14,700 per annum exclusive of VAT and Business Rates.

viewing

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

legal costs

The ingoing tenant will be responsible for the landlords’ reasonable legal costs incurred in documenting the transaction.