To LetCity Centre Retail Unit

314-315, High Street, Lincoln, Lincolnshire, LN5 7DR

Description

A retail unit arranged over ground, first, second, third and basement levels with an attractive aluminium/glazed frontage to the High Street and a return frontage to the Cornhill.

The building was extensively renovated in 2017.

EPC Rating – D94

LOCATION

The unit enjoys a prominent 100% prime location on the corner of the High Street/Cornhill within Lincoln’s pedestrian precinct.

There are a wide range of national multiple retailers located nearby including Boots (relocating into large unit opposite), Starbucks, M&S, River Island, Jack Wills and Costa as well as the Cornhill Quarter, where Flying Tiger, Lakeland and Moss Bros are located, with units also now let to Everyman Cinema, Seasalt and The Botanist.

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 £984.40 million. 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 £250 million to the local economy.

TOWN AND COUNTRY PLANNING  

Planning permission is in place for Class A1 (Retail) use under the Town and Country Planning (Use Classes) Order 1987 (as amended) In our view alternative uses falling within Class A2 and Class A3 are considered appropriate – subject to planning permission.

The property is Grade II Listed and is located within a Conservation Area.

TENURE

The property is available by way of a new Full Repairing and Insuring lease for a minimum term of years to be agreed.

VAT

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

LEGAL COSTS

The ingoing tenants will be responsible for the Landlords reasonable legal costs incurred in documenting the transactions.