To LetCity Centre Retail Unit

Unit 3, The Junxion, St Mark Street, Lincoln, Lincolnshire, LN5 7BA

Description

A ground floor retail unit with a with a large glazed frontage to St Mark Street and servicing access to the rear.

It forms one of the 4 ground floor commercial units within The Junxion, a 569 bedroom student scheme.

LOCATION

The property occupies a prominent position close to the busy intersection on St Mark Street, with Tentercroft Street and the lower pedestrianised High Street.

The St Marks Shopping Centre is located opposite and is home to a number of national retailers.

This area of the City is also home to a number of professional services including solicitors and accountants, with the University of Lincoln in close proximity.  The area is also home to a new 5 storey Travelodge hotel which provides 127 rooms and opened in early 2019.

The new 1,000 space main shopper multi-storey car park, new bus station and railway station are located less than a 5 minute walk to the north.

Lincoln is the administrative and major shopping centre for the County of Lincolnshire and is ranked fourth in East Midlands Experian City Centre ranking behind Nottingham, Derby and Leicester.  It has a population of circa 100,000 and a catchment of over 300,000 people.  It is a growing University City with close to 15,000 students and staff based at the main campus in the city centre contributing an estimated £250 million a year to the local economy.

TOWN AND COUNTRY PLANNING

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

In the agent’s opinion the premises may be suitable for a variety of alternative uses subject to the receipt of the necessary planning permissions.

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

TENURE

The property is available To Let on a new lease for a term of years to be agreed.   The lease will be drawn on the equivalent of Full Repairing and Insuring terms.

VAT

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

LEGAL COSTS

The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in connection with the preparation and grant of the lease.