To LetCity Centre Office Suites

Queensgate House, Silver Street, Lincoln, Lincolnshire, LN2 1DY

Description

The available suites are on the second, third and fourth floors and benefitting from communal ground floor entrance lobby with a passenger lift providing access to all floors. The building also has communal female and male WC facilities.

The suites are open plan benefitting from kitchenette facilities, carpet tiled floors, painted plastered walls, suspended ceiling incorporating inset lighting and gas central heating served radiators.

There are car parking spaces specifically allocated in the lower ground floor car park.

LOCATION

The property is located fronting Silver Street at its junction with Bank Street in Lincoln City Centre with neighbouring occupiers in the building including Driving Standards Agency and People Plus.

The property is a short walk from the wide range of amenities on Lincoln High Street.

ACCOMMODATION

Having measured the property in accordance with the prevailing RICS property measurement guidance, we calculate that it has the following total Net Internal Area:

Second floor:  216.93 sq m (2,335 sq ft)
Third floor:      218.97 sq m (2,357 sq ft)
Fourth floor:    220.46 sq m (2,373 sq ft) - Under Offer
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Total NIA:         656.36 sq m (7,065 sq ft)

SERVICES

Mains supplies of water, electricity, drainage and gas are available and connected to the property.

These have not been tested and any interested parties should make their own investigations to the relevant service providers.

TOWN AND COUNTRY PLANNING

We have been advised by the Local Planning Authority that the property has consent for uses falling within Class B1 (Offices) of the Town and Country Planning (Use Classes) Order 1987.

RATES

Charging Authority:  Lincoln City Council
Description:  Offices and Premises
Rateable values:
2nd floor:  £15,902
3rd floor:  £16,264
4th floor:  £17,500 - Under Offer
UBR:   0.512
Period:  2020-2021

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 suites are available To Let by way of a new effectively Full Repairing and Insuring lease for a term of years to be agreed.

RENT

2nd floor:   £19,500 per annum exclusive
3rd floor:   £19,500 per annum exclusive
4th floor:   £19,500 per annum exclusive - Under Offer

The car parking spaces are available in addition by way of separate agreement at an annual rental of £750 per space.

SERVICE CHARGE

A service charge will be levied to cover the upkeep, maintenance and repair of all common and external parts of the property.

The service charge also includes building insurance, electricity, water and drainage charges for the suite.

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.