To LetCity Centre Retail Unit

3, St Peter at Arches, High Street, Lincoln, Lincolnshire, LN2 1AJ

Description

A retail unit arranged over ground and basement levels with an attractive High Street frontage and strong passing footfall.

EPC Rating : D77

LOCATION

The unit enjoys a prominent location within Lincoln’s pedestrian precinct, towards the northern end of the High Street. There are a wide range of national and regional retailers and A3/A4 operators within close proximity including Two Seasons, White Stuff, Poundland, Intersport, Caffè Nero, Revolution and Carluccio’s.

Lincoln is one of England’s finest Cathedral cities and the administrative and major shopping centre within the County of Lincolnshire. It has a catchment population of circa 543,367 and an established total catchment spend of £984.40m. It also has a growing University with close to 15,000 students and economic staff based on the main campus, contributing an estimated £250m to the local economy.

TOWN AND COUNTRY PLANNING

We understand that the premises hold consent for Class A1 (Retail) of the Town & Country Planning (Use Classes) Order 1987 (as amended).

In the agent’s opinion the property is suitable for a variety of alternative uses subject to planning.

Interested parties are advised to make their own investigations to the Local Planning Authority.

TENURE

The property is available by way of an effective Full Repairing and Insuring lease for a minimum term of 10 years, subject to 5 yearly upward only rent reviews.

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

LEGAL COSTS

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