For Sale / To LetFIRST AND SECOND FLOOR OFFICE SUITE

Upper Floors, 44/45 Silver Street, Lincoln, Lincolnshire, LN2 1EH

Description

The property comprises a first and second floor self-contained office suite, accessed off Silver Street. The property has been well laid out offering a mix of open plan and cellular offices.

The property benefits from fluorescent strip lighting and data cabling throughout.

LOCATION

The property is located on Silver Street within the heart of the City Centre and a short walk from the pedestrianised High Street.

There is a mix of uses within the immediate vicinity including a range of retail, leisure and office occupiers.  Silver Street is a popular location with Estate Agents.

Lincoln is the administrative and shopping centre of the county of Lincolnshire. It has a resident population of circa 100,000 and a catchment within a 20 mile radius of 300,000. It is ranked fourth in the Experian East Midlands Retail Rankings.

SERVICES

We understand that mains drainage, water and electricity are available and connected to the property.

These have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers.

SERVICE CHARGE

A service charge may be levied to cover the upkeep, maintenance and repair of all common parts of the development.

TOWN AND COUNTRY PLANNING

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

Following changes to the Use Classes Order that came into effect on 1st September 2020, Class E now encompasses a number of uses including A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Cafés), B1 (Business) and D1 (Clinics, Health Centre, Creche & Day Nurseries).

In our view, the property would also be suitable for conversion into two flats, under the Permitted Development rights and interested parties are advised to discuss this with the Planning Department at City of Lincoln Council for further information.

RATES

Charging Authority:  City of Lincoln Council
Description:  Office and Premises
Rateable value:  To be confirmed
UBR:  0.512
Period:  2020-2021
Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.

TENURE

The property is available To Let on a new lease for a term to be agreed. The lease will be drawn on effect full repairing and insuring terms.

Alternatively, a Sale of the property by way of a long leasehold interest may also be considered.

RENT / PRICE

Rent:  £8,500 per annum exclusive
Price:  On application

VAT

VAT will not be charged in addition to the rent/purchase price.

LEGAL COSTS

Each party is to be responsible for their own legal costs incurred in documenting the transaction.