To LetProminent City Centre Retail Unit

159/160, High Street, Lincoln, Lincolnshire, LN5 7AF

Description

A ground floor lock up retail unit with a principal frontage to High Street and a return frontage to St Mark Street.

LOCATION

The property occupies a prominent corner position at a busy intersection on lower High Street/Tentercroft Street/St Mark Street.

The St Marks Shopping Centre is located opposite and is home to a number of national retailers including Debenhams, Argos, Sports Direct, Boots, JD Sports, Caffè Nero and Tesco Express.

This section of the High Street is also home to a number of professional services including solicitors and accountants, with the main Lincoln University Campus in close proximity. The area will also benefit from the opening of the new 5 storey Travelodge which will provide 127 rooms, towards the end of the year.

Lincoln is the administrative and major shopping centre for the county of Lincolnshire and is ranked 5th in the CACI Regional Rankings, with a total comparison spend of £984.50m per year and total catchment population of 545,367.

It is a growing University city with over 15,000 students and 3,000 staff at the University of Lincoln, contributing an estimated £250m to the local economy.

TOWN AND COUNTRY PLANNING

The property has an established consent for retail use falling within Class A1 (Shops) of the Town & Country Planning (Use Classes) Order 1987 (as amended).

The property may be suitable for alternative uses and interested parties are advised to make their own investigations to the Local Planning Authority.

TENURE

The property is available to let on a new lease for a minimum term of 5 years. The lease will be drawn on equivalent of Full Repairing and Insuring terms.

VAT may be charged in addition to the rental at the prevailing rate.

LEGAL COSTS

The ingoing tenant will be responsible for the Landlord’s reasonable legal costs incurred in connection with the preparation and grant of the lease.