For Sale - Under OfferCity Centre Retail Premises

14 , St Martin's Lane, Lincoln, Lincolnshire, LN2 1HY

Description

The property comprises a ground floor retail unit with WC facilities.

LOCATION

The property is well situated on St Martin’s Lane in the centre of Lincoln, just off the main High Street and within walking distance of Lincoln’s cultural quarter along the popular tourist street of Steep Hill, previously voted Best Street in Britain.

St Martin’s Lane benefits from numerous car parks within walking distance, as well as 30 minutes free parking within St Martin’s Square.  Nearby occupiers include restaurants such as Pizza Express and The Jews House, bars including The Curiosity Shop and Craft, and a number of popular independent retailers such as Daniella Draper, Coneys and Agatha.

Lincoln is one of England’s finest Cathedral cities and the administrative and major shopping centre within the County of Lincolnshire. It has a population of circa 543,367 and an established total catchment spend of £984.4m. It is also a growing University city with close to 15,000 students and academic staff based at the city’s main campus, contributing an estimated £250m to the local economy.

TOWN AND COUNTRY PLANNING

We understand that the property has consent for uses falling within Class A1 (Shops) of the Town and Country Planning (Use Classes) Order 1987 (as amended).

The changes to the Use Classes Order, to be introduced on the 1st September 2020, will mean that this property can be used for a variety of uses within A2, A3, B1, D1 and D2 without the need to secure a new planning permission.  Further details available on request.

RATES

Charging Authority:  City of Lincoln Council
Description:  Shop & Premises
Rateable value:  £1,600
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 property is For Sale with vacant possession.

VAT

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

LEGAL COSTS

Each party is to be responsible for their own legal costs incurred in documenting the transaction.