The property comprises a retail premises laid out over ground, first and second floor levels together with a basement, with an attractive glazed frontage to Bailgate and a rear entrance onto St Pauls Lane.
The property is located within the popular Uphill Bailgate area which is populated with a wide range of high end retailers and restaurants.
The world famous Cathedral and Castle are situated within close proximity, therefore the area attracts significant tourist visitors as well as local shoppers.
The latest tourist figures show over 3.5m visitor trips per year to the City.
Lincoln is one of England’s finest Cathedral Cities and is the administrative and major shopping centre within the County of Lincolnshire. It has a population of circa 543,367 and an established total catchment spend of £984.40 million. It is also a growing University City, with close to 15,000 students and academic staff based at the main campus in Lincoln, contributing an estimated £250 million to the local economy.
TOWN AND COUNTRY PLANNING
We understand that the property has consent for uses falling within Class A1 (Shop) of the Town and Country Planning (Use Classes) Order 1987 (as amended).
Alternative uses may be appropriate subject to receipt of the necessary Planning Consent.
The property is not Listed but is located within a Conservation Area.
The property is available To Let by way of a new Full Repairing and Insuring lease for a minimum term of 5 years.
VAT may be charged in addition to the rent at the prevailing rate.
Each party is to be responsible for their own legal costs incurred in documenting the transaction.