To LetNeighbourhood Centre Retail Unit

Unit 8B, The Carlton Centre, Outer Circle Road, Lincoln, Lincolnshire, LN2 4FJ

Description

Unit 8B is centrally positioned in a prime location within the Carlton Centre, the largest commercial and shopping destination to the north of Lincoln City Centre, with over 10,000 people living within easy walking distance.

The shopping catchment covers the whole uphill area of the City and the numerous large and affluent villages to the north and east, including Nettleham and Welton.

Current occupiers within the retail park include Argos, Dunelm Mill, Halfords, Pets at Home, Poundstretcher, Boots, McDonalds, Shoezone, Costa and Peacocks.

Other occupiers within the Neighbourhood Centre to the rear include a Lincolnshire Co-operative Post Office and Convenience Store, Yorkshire Building Society, Co-op Travelcare and Betfred. 

Other nearby occupiers include Lidl, B&M, JYSK and Tesco Superstore. 

The Carlton Centre is located approximately 2 miles to the north of Lincoln City Centre on Outer Circle Road which forms part of the City’s inner ring road.

SERVICES

All mains services will be connected and available within the property.    

Please note that these will not have been inspected and we would encourage interested parties to make their own enquiries with the relevant service providers.

TOWN AND COUNTRY PLANNING

We understand that the property has consent for uses falling within Class E (Commercial, Business and Services Uses) of the Town & 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 & Café), B1 (Business) and D2 (Assembly & Leisure).

RATES

Charging Authority:  City of Lincoln Council
Description:  Shop 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, contact the Charging Authority.

TENURE

The unit is available on a new lease for a minimum term of 10 years, subject to 5 yearly upwards only rent reviews.

The lease will be drawn on the equivalent of Full Repairing and Insuring terms subject to a two stage service charge.  Further details are available on request.

VAT

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

LEGAL COSTS

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