The property is arranged over three floors, plus a recently tanked basement. The main sales area on the ground floor has large glaze windows overlooking the recently-renovated Speakers Corner, with stairs at the rear of the ground floor to the first floor. The large ground floor lends itself to a number of uses.
The property is well laid out, offering a mix of open plan retail space on the ground floor, versatile ancillary space on the first floor and more cellular offices on the second floor.
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 property enjoys a prominent location overlooking the most recent development – the new Speakers Corner and improved paving.
Occupiers within the scheme include restaurants The Botanist and The Cosy Club, national retailers such as Hobbs, Phase Eight and Whistles, 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. It is also a growing University City with over 15,000 students and staff based at the main campus in Lincoln, contributing an estimated £250 million to the local economy.
VAT may be charged in addition to the rent at the prevailing rate
The ingoing tenant is to be responsible for the Landlord’s reasonable legal costs incurred in documenting the transaction