To LetOFFICES/RETAIL

5, St Peter at Arches, High Street/Silver Street, Lincoln, Lincolnshire, LN2 1EA

Description

The retail premises are arranged over ground and first floor levels with an attractive double frontage and strong passing footfall.

EPC Rating : E118

location

The unit enjoys a prominent position on the corner of the High Street/Silver Street. The property forms part of the popular St Peter at Arches retail parade, which is home to Greggs, The Works and CEX. The property is surrounded by a wide range of national and regional retailers and A3/A4 operators within close proximity including Two Seasons, Blacks, White Stuff, Poundland, Intersport, Caffè Nero and NatWest Bank.

Leisure operators include Walkabout and the new TGI Fridays, scheduled to open late 2020.

Lincoln is one of England’s finest Cathedral cities and the administrative and major shopping centre within the County of Lincolnshire. It has a catchment population of circa 543,367 and an established total catchment spend of £984.40m. It also has a growing University with close to 15,000 students and economic staff based on the main campus, contributing an estimated £250m to the local economy.

services

We understand that mains water, electricity and drainage are connected to the property. Interested parties are advised to make their own investigations to the utility service providers.

town and country planning

We understand that the premises hold consent for Class A2 (Financial & Professinal Services) of the
Town & Country Planning (Use Classes) Order 1987 (as amended). In the agent’s opinion the property is suitable for a variety of alternative uses, including A1 (Shops), subject to planning.

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

tenure

The property is available To Let by way of an effective Full Repairing and Insuring lease for a term to be agreed.

service charge

An annual service charge will be levied in addition to the rent to cover the upkeep, maintenance and
repair of all common parts of the property.

vat

We understand VAT will be payable 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.