To LetCity Centre Retail Premises

Rose House, 1-9 Tentercroft Street, Lincoln, Lincolnshire, LN5 7DQ

Description

Three ground floor retail premises completed to a ‘white box’ specification, each with a single car parking space.

LOCATION

The property occupies a prominent position at a busy intersection on Tentercroft Street and lower pedestrianised High Street. The St Marks Shopping Centre is located opposite and is home to a number of national retailers including Debenhams, Argos, Sports Direct, Boots, JD Sports, Superdrug, Café Nero and Tesco Express.

This area of the City is also home to a number of professional services including solicitors and accountants, with the University of Lincoln in close proximity. The area also benefits from the new 5 storey Travelodge which will provide 127 rooms.

The new 1,000 space main shopper multi-storey car park, new bus station and railway station are located less than a 5 minute walk to the north.

Lincoln is the administrative and major shopping centre for the County of Lincolnshire and is ranked fourth in East Midlands Experience City Centre ranking behind Nottingham, Derby and Leicester. It has a population of circa 100,000 and a catchment of over 300,000 people.

TOWN AND COUNTRY PLANNING

We understand that each unit has consent for use falling within both Class A1 (Shop) and A2 (Professional & Financial Services) of the Town & Country Planning (Use Classes) Order 1987 (as amended).

In the agents opinion the premises may be suitable for a variety of alternative uses. Interested parties are advised to make their own investigations to the Local Planning Authority.

TENURE

Each property is available To Let on a new lease for a term to be agreed. The lease will be drawn on equivalent of Full Repairing and Insuring terms.

RENT

Unit 1 - £32,500 per annum exclusive
Unit 2 - £28,500 per annum exclusive
Unit 3 - £14,500 per annum exclusive

VAT may be charged in addition to the rental at the prevailing rate.

LEGAL COSTS

The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in connection with preparation grant of the lease.