A return fronted ground floor retail premises.
The property occupies a prominent corner position at the busy intersection of High Street and Tentercroft 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, Caffè Nero and Tesco Express.
This section of the High Street 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 Travelodge which provides 127 rooms.
Lincoln is the administrative and major shopping centre for the county of Lincolnshire and is ranked fourth in the East Midlands Experian City Centre rankings 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 the premises hold consent for retail use falling within Class A1 (Shops) of the Town & Country Planning (Use Classes) Order 1987 (as amended). Interested parties are advised to make their own investigations to the Local Planning Authority.
In the agents opinion the property is suitable for a variety of alternative uses subject to planning.
The property is available to let on a new lease for a minimum term of 5 years. The lease will be drawn on equivalent of Full Repairing and Insuring terms.
VAT may be charged in addition to the rental at the prevailing rate.
The ingoing tenant will be responsible for the Landlord’s reasonable legal costs incurred in connection with the preparation and grant of the lease.