To LetCity Centre Café/Restaurant

Unit 1, Free School Lane, Lincoln, Lincolnshire, LN2 1EY

Description

A mid terrace ground floor partially fitted out café/restaurant with the following areas:

Café/restaurant:  57.56 sq m (619 sq ft)
Kitchen:   8.20 sq m (88 sq ft)
Store:   1.39 sq m (14 sq ft)
WC:  4.31 sq m (46 sq ft)

Total NIA:  71.46 sq m (767 sq ft)

LOCATION

The unit enjoys a central location on Free School Lane in Lincoln City Centre, about 200 metres to the east of the High Street and 100 metres north of the Cornhill Quarter, Lincoln’s newest City Centre shopping and leisure destination.

The City has a resident population of circa 100,000 and is ranked fourth in the East Midlands Experian City Centre Rankings behind Nottingham, Derby and Leicester.   The City attracts over two million tourists per year predominately visiting the City to see the Cathedral which is recognised as one of the best examples of Gothic architecture in Europe.

It is also a growing University City with close to 15,000 students attending various Universities and Colleges around the City, generating an estimated £250 million for the City economy.

SERVICES

We understand that mains 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.

SERVICE CHARGE

A service charge may be levied to cover the upkeep, maintenance and repair of the common parts of the larger property of which the subject unit forms part.

TOWN AND 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 (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).

The property is not Listed but is situated within a conservation area.

RATES

Charging Authority: City of Lincoln Council
Description: Shop and Premises
Rateable value: £9,000
UBR: 0.512
Period: 2021-2022

Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable.

For further information, please contact the Charging Authority.

TENURE

The property is available To Let by way of an effective Full Repairing and Insuring lease for a term to be agreed.

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.