To LetCity Centre Retail Unit

Unit 3, Stonebow Centre, Silver Street, Lincoln, Lincolnshire, LN2 1DY

Description

The property comprises a ground floor open plan retail unit, with kitchen, storage and WC facilities at first floor.

LOCATION

The property is located within the Stonebow Centre in the heart of Lincoln’s city centre just a minute’s walk from the High Street.

The Stonebow Centre features a covered arcade that links Silver Street to the busy pedestrianised Saltergate, where access is available into Top Shop within the Waterside Shopping Centre.

Current occupiers within the Centre include nationwide companies Amplifon and Tui as well as some smaller independent retailers and other nearby retailers include Savers Health and Beauty.

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

We understand that the property has consent for uses falling within Class A1 (Retail) of the Town and Country Planning (Use Classes) Order 1987 (as amended). 

The property would be suitable for alternative uses falling within Class A1 (Retail).

TENURE

The unit is available To Let on a new internal repairing lease for a term to be agreed, subject to the payment of a service charge to cover the cost of external maintenance and the upkeep of the common areas (see below).

SERVICE CHARGE

An annual service charge will be levied in addition to the rent to cover the upkeep, maintenance and repair of all common parts of the property.

VAT

VAT will be payable in addition to the rent at the prevailing rate.

LEGAL COSTS

The ingoing tenant is to be responsible for both parties legal costs incurred in documenting the transaction.