Description
The available suite comprises a ground floor office unit 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.
EPC
D87
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:
NIA: 216.93 sq m (2,335 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: City of Lincoln Council
Description: Offices and Premises
Rateable values: £15,902
UBR: 0.512
Period: 2022-2023
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
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.