To LetRetail Showroom

Dixon Street, Lincoln, Lincolnshire, LN6 7BN

Description

The property comprises a detached retail showroom with a glazed frontage to the full width of the building, with off-street parking to the front and servicing to the rear.

EPC: C63

LOCATION

The property is situated in a prominent location on Dixon Street, one of the busiest roads in Lincoln, linking Tritton Road to Boultham Park Road and, beyond that, Lincoln High Street.

The property sits close to Dixon Street’s junction with Tritton Road, the prime out of town retailing destination in Lincoln. Nearby retailers include The Range, Wren Kitchens, Next, TK Maxx, Asda Living, B&M Retail and Claytons Carpets.

The city centre is located approximately 1 mile to the north east, and the University of Lincoln approximately half a mile to the north.

Lincoln is an attractive Cathedral city and is the administrative and major shopping centre for the County of Lincolnshire. It has a population and catchment of 543,367 and an estimated catchment spend of £934,050,000. It is a University city with the main campus a short distance to the north of the subject property, with over 14,000 students and staff insitu, contributing an estimated £250m into the local economy. The Cathedral is the ninth most visited in the country and Lincolnshire attracts 3.7m visitors per year, contributing over £1 billion of additional expenditure into the County.

TOWN AND COUNTRY PLANNING

The property currently benefits from an open A1 Retail consent under the Town & Country Planning (Use Classes) Order 1987 (as amended).

Alternative uses will shortly be permitted by virtue of the changes to the Use Classes Order, to be introduced from 1st September 2020, when the property will fall within Use Class E, meaning it can be put to a variety of restaurant, retail and clinical uses without the need for planning permission. Further details are available on request.

RATES

Charging Authority:  City of Lincoln Council
Description:  Showroom & Premises
Rateable value:  £53,800
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 drawn on the equivalent of Full Repairing and Insuring terms, for a term of years to be agreed.

VAT

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

LEGAL COSTS

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