To LetCity Centre Retail Premises

24, Silver Street, Lincoln, Lincolnshire, LN2 1EW

Description

The property comprises a modern return fronted ground floor retail unit having entrances on both Silver Street and Clasketgate. The property also benefits from WC facilities and kitchen. 

The property is to a decent standard ready for the new occupier to fit-out to their own specification.

There is suspended ceiling and laminate flooring throughout and the unit is heated and cooled through an air conditioning system.

There is additional office accommodation over the first and second floors, each comprising 3 individual offices, accessed separately from Clasketgate and available through separate negotiation.

LOCATION

The property is located on Silver Street within the heart of the City Centre and a short walk to the pedestrianised High Street. There is a mix of uses within the immediate vicinity including a range of retail, leisure and office occupiers.

Silver Street is a popular location with Estate Agents.

Lincoln is the administrative and shopping centre for the County of Lincolnshire. It has a resident population of circa 100,000 and a catchment within a 20 mile radius of 300,000. It is ranked 4th in the Experian East Midlands Retail Rankings.

TOWN AND COUNTRY PLANNING

The current use of the unit falls within Class A2 (Professional & Financial Services) of the Town & Country Planning (Use Classes) Order 1987 (as amended). 

In our view the accommodation would be ideal for a range of alternative uses including A1 (Shop), subject to planning.

TENURE

The property is available on a new lease for a term to be agreed. The lease will be drawn on effective Full Repairing and Insuring Terms.

RENT

Shop: £20,000 pax
First Floor Office : £5,750 pax
Second Floor Office : £5,750 pax

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

LEGAL COSTS

The ingoing tenant will be responsible for all legal costs incurred in documenting the transaction.