To Let - Under OfferProminent Retail Premises

361, High Street, Lincoln, Lincolnshire, LN5 7RL

Description

The property comprises a two-storey retail unit with a full width glazed frontage onto the busy Lincoln High Street.

The property also has a rear access yard for deliveries with two parking spaces, shared with adjacent occupiers.

Internally the shop is fitted to a high-quality specification, with a suspended tile ceiling, inset LED lights, painted plaster walls and a laminate floor. 

The first floor provides a large amount of ancillary space, kitchen and WCs.

ACCOMMODATION

Having measured the property in accordance with the prevailing RICS Code of Measuring Practice, we calculate that it provides the following floor area:

Ground Floor Retail:  59.38 sq m (639 sq ft)
Ground Floor Store:     4.96 sq m (53 sq ft)
First Floor Ancillary:   67.2 sq m (723 sq ft)

Total NIA:   131.54 sq m (1,415 sq ft)

EPC Rating: C65

LOCATION

The property occupies a prominent position fronting the busy southern section of Lincoln High Street. The property sits amongst national retail and leisure occupiers including The Ritz Wetherspoon, Caffè Nero, Costa Coffee, JD Sports, Tesco Express, Superdrug and Trespass.

The city centre is located about 1½ miles to the north and there are large residential areas to the east, west and south.

Lincoln is the administrative and major shopping centre for the County of Lincolnshire and is ranked fourth in the East Midlands Experian City Centre Retail rankings behind Nottingham, Derby and Leicester.  It has a population of circa 100,000 and a catchment of 300,000.

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 AND COUNTRY PLANNING

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

Alternative uses may be appropriate subject to receipt of necessary Planning Consent.

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).

TENURE

The property is available To Let on a new effective Full Repairing and Insuring lease for a term of years to be agreed.

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.