Description
property
The property comprises a ground floor retail unit with a full width glazed frontage onto the busy Lincoln High Street.
Internally the property is fully fitted out as a hair and beauty salon, following its most recent use. The property has suspended tile ceiling, inset LED lights, painted plaster walls and laminate flooring.
Location
The property is situated in a busy location on the lower section of Lincoln High Street close to Caffe Nero, Tesco Express, JD Sports and Subway.
The prime stretch of the High Street is located around 250 metres to the north and there are large residential areas to the south, east and west.
Lincoln is the administrative and major shopping centre within the County of Lincolnshire with an urban population of 130,000 and a total catchment population of 545,000, generarting a total comparison goods expenditure of over £985 million.
Lincoln also benefits from a growing student population. The number of students and academic staff population based at the main University campus in the City is estimated to be circa 15,000 contributing over £250 million to the local economy.
Services
We understand that mains supplies 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.
Town & Country Planning
We understand that the property has consent for uses falling within Class E (Commercial, Business & Services Use) of the Town and Country Planning (Use Classes) Order 1987 (as amended).
Class E now encompasses a number of uses formerly known as A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Cafés), B1 (Business) and D1 (Clinics, Health Centre, Crèche & Day Nurseries).
Interested parties are advised to make their own investigations with the Local Planning Authority.
Tenure
The property is available To Let by way of a lease drawn on the equivalent of Full Repairing and Insuring terms, for a minimum term of 3 years.
Service Charge
A service charge may be levied to cover the upkeep, maintenance and repair of all common parts of the development.
VAT
VAT may be charged in addition to the rent at the prevailing rate
legal Costs
Each party is to be responsible for their own legal costs incurred in documenting the transaction.