A mid terrace ground floor retail unit with the following areas:
Ground Floor Sales: 39.67 sq m (427 sq ft).
The property shares WC facilities with the adjacent unit.
The unit is situated at the junction of the High Street and Clasketgate which forms part of Lincoln’s pedestrianised precinct. Clasketgate itself is a busy through-road and therefore the property benefits from strong passing trade and footfall.
There is a wide range of national and regional traders and leisure operators located close by including Tesco Express, Carluccio’s, Poundland, Slug and Lettuce, Walkabout and Pizza Express.
Lincoln is the administrative and major shopping centre within the county of Lincolnshire and is rated 4th in the East Midlands Experian Centre Rankings behind Nottingham, Derby and Leicester. It has a population circa 100,000 and a catchment of 300,000. The City Centre has a CACI retail ranking of 60 and an established comparison spend of £231m, with a total catchment spend of £864m.
TOWN AND COUNTRY PLANNING
The current use of the unit falls within Class A1 (Retail) of the Town and Country Planning (Use Classes) Order 1987 (as amended).
The property is located within a Conservation Area.
The property is available by way of a new lease for a multiple of 3 years on Full Repairing and Insuring terms.
A contribution towards the upkeep of communal areas will be required. Further details are available on request.
VAT will be charged in addition to the rental at the prevailing rate.
The ingoing tenant is to be responsible for the Landlord’s reasonable legal costs incurred in the preparation and grant of the new lease.