To LetPROMINENT RETAIL UNIT

24, Outer Circle Road, Lincoln, Lincolnshire, LN2 4JA

Description

A single storey modern retail unit with glazed frontage, providing 99.33 sq m (1,069 sq ft) retail area.

location

The property is situated opposite The Carlton Centre, the largest commercial and shopping destination to the north of Lincoln City Centre, with over 10,000 living within walking distance.

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

Lincoln is the administrative and major shopping centre within the county of Lincolnshire and is rated 4th in the East Midlands Experian Centre Rankings behind Nottingham, Derby and Leicester. It has a population circa 100,000 and a catchment of 300,000. The City Centre has a CACI retail ranking of 60 and an established comparison spend of £231m, with a total catchment spend of £864m.

TOWN AND COUNTRY PLANNING

The property has consent for A1 (Retail) consent under the Town and Country Planning (Use Classes) Order 1987 (as amended).

The property is not Listed nor is it located within a Conservation Area.

RATES

Charging Authority: City of Lincoln Council
Description: Shop and Premises
Rateable value: £18,500
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, please contact the Charging Authority.

TENURE

The property is available To Let by way of a new lease for a multiple of three years on Full Repairing and Insuring terms.

SERVICE CHARGE

A contribution towards the upkeep of communal areas will be required. Further details are available upon request.

VAT

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

LEGAL COSTS

The ingoing tenant is to be responsible for the Landlord’s reasonable costs incurred in the preparation and grant of a new lease.