To LetCity Centre Retail Unit

8-12, St Martin's Lane, Lincoln, Lincolnshire, LN2 1HY

Description

The property comprises a triple fronted ground floor retail unit with WC facilities.

LOCATION

The triple fronted unit is located on St Martin’s Lane within Lincoln’s Cultural Quarter, just off the main High Street, with pedestrian links to numerous car parks.

Nearby occupiers include Pizza Express, Craft, Wildwood and a number of independent specialist retailers including Daniella Draper and Coney’s.

Lincoln is the administrative and major shopping centre for the County of Lincolnshire and is ranked 5th regionally in terms of CACI retail footprint. Lincoln has a total catchment population of over 545,000 with a total comparison goods expenditure of £985 million.  Commercial activity is underpinned by strong tourism, attracting 3.7 million visitors per year, and a growing University, ranked 22nd in the country in 2019.

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).

RATES

An ingoing tenant may be eligible for Small Business Rates Relief.

We would encourage interested parties to make their own enquiries with City of Lincoln Council.

TENURE

The unit is available by way of a new contracted out sub-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 will be charged in addition to the rental at the prevailing rate.

LEGAL COSTS

The ingoing tenant is to be responsible for the Landlord’s reasonable legal costs incurred in documenting the transaction.