To LetCity centre retail unit

Unit 2, Whitefriars Business Centre, High Street, Lincoln, LN5 7DQ

Description

The unit is centrally located within the City Centre, to the rear of 333 High Street, on the main pedestrian link between the High Street and the Tentercroft Street car park and therefore enjoys significant passing pedestrian footfall. 

The unit is within easy walking distance of the new bus station, train station and prime retail pitch, with retailers such as Iceland, Poundland, Peacocks and Subway in close proximity.

location

Lincoln is the administrative and major shopping centre within the County of Lincolnshire and is ranked fourth in the East Midlands Experian Centre Rating, behind Nottingham, Derby and Leicester. It has a population of circa 100,000 and a catchment of 300,000.

The City has a CACI ranking of 60 with an established comparison spend of £23m and a total catchment spend of £864m.

TOWN AND COUNTRY PLANNING

The current use of the unit falls within Class A1 (Retail) of the Town & Country Use Classes Order 1987 (as amended). 

We understand from the Council that proposals for café or takeaway uses under Use Class A3 (Café and Restaurant) or A5 (Hot Food Takeaway) would not be considered suitable, but that uses falling within Class A2 (Financial and Professional Services) would be.

Small Business Rate Relief may be applicable, please contact City of Lincoln Council for further information

TENURE

The unit is available by way of a new lease for a term of 3 years or multiples thereof subject to 3 yearly rent review provisions.

The lease will be drawn on Full Repairing and Insuring terms.

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.