To LetProminent Retail Warehouse

Unit 11, Tritton Road, Lincoln, Lincolnshire, LN6 7BH

Description

A modern semi-detached, predominately open plan, retail warehouse unit, of steel portal frame construction with a glazed frontage overlooking the dedicated tarmac surfaced car park, which is shared with the adjacent unit occupied by Farmfoods. 

There is a service yard to the rear for delivery.

LOCATION

The property is situated in a prominent location on Tritton Road, Lincoln’s prime out of town retail destination.  The unit forms part of the Valentine Retail Park and other retailers on the park include Next, DFS, Carphone Warehouse, TK Maxx and Asda Living.  Also located nearby are Morrisons and B&Q.

Lincoln is an attractive Cathedral city and is the administrative and major shopping centre for the County of Lincolnshire. It is ranked 4th in the Experian Centre rankings for the East Midlands and has a CACI retail ranking of 60.  The city has a population and catchment of 543,367 and an established total catchment spend of £984.50 million.

It is also a University city with the main campus a short distance to the north of the property, with over 14,000 students and staff in-situ contributing an estimated £250 million into the local economy.

The Cathedral is the 9th most visited in the country and Lincolnshire attracts 3.7 million visitors a year, bringing over £1 billion of additional expenditure into the county.

TOWN AND COUNTRY PLANNING

The property benefits from an Open A1 (Retail) Consent.

TENURE

The property is available To Let by way of a new 10 year lease, subject to 5 yearly upward only rent reviews. 

The lease will be drawn on the equivalent of Full Repairing and Insuring terms by way of a service charge to cover the repair and upkeep of the exterior of the building and the shared common areas.

VAT

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

LEGAL COSTS

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