To LetCity Centre Offices/Prime Retail

20-26, Corporation Street, Lincoln, Lincolnshire, LN2 1HN

Description

A pair of adjoining retail/office units capable of occupation either seperately or as a pair.  Both have a glazed frontage to Corporation Street with 20/22 also having a return frontage to Hungate.  The units would be suitable for either retail or office use.  

20/22 Corporation Street comprises an open plan office which has been fitted with carpet floor, painted plaster walls, suspended tile ceiling with inset fluorescent lights, and air conditioning. To the rear of the property is a WC/Disabled WC and a Kitchen. Internally the unit has been partitioned to create separate offices.

24/26 Corporation Street has been fitted to the same specification as above but, internally has been subdivided with breeze block walls, to create separate offices.

location

The property is located on Corporation Street with 20/22 occupying a prominent position on the corner of Corporation Street and Hungate. The properties are located a short walk from the pedestrianised High Street, which offers a wide range of amenities. 

Lincoln is the administrative and major shopping centre for the County of Lincolnshire.  The City has a resident population of 93,541 (2011 Census) 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 view the Cathedral which is recognised as one of the best examples of Gothic architecture in Europe.  

It has a catchment of circa 543,367 people and a total catchment spend of £984.40 million.  It is a growing University city with close to 1,500 students and staff based at the city’s main campus, contributing an estimated £250 million to the local 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.

Town & Country Planning

We understand that the current use of the property falls within Class E (Offices) of the Town and Country Planning (Use Classes) Order 1987 (as amended).  Alternative uses may be appropriate subject to receipt of necessary Planning Consent.

Following changes to the Use Classes Order that came into effect on 1st September 2020, 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).

Tenure

The property is To Let by way of new effectively Full Repairing and Insuring lease for a term of years to be agreed.   The lease will be contracted out of the security of tenure and compensation provisions of the 1954 Landlord and Tenant Act.

Service Charge 

A service charge may be levied to cover the upkeep, maintenance and repair of all common parts of the development.

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.