Description
The property comprises a mid-terrace retail warehouse unit with a glazed shop front running its full width, directly abutting a tarmac surfaced car park to the front. Servicing is available from either the front or from a separate access to the side. Internally the property is laid out predominantly over the ground floor and with a mezzanine to the rear.
Plans are currently under consideration to carry out a refurbishment of the exterior of the units within the development.
LOCATION
The property is situated in a prominent location, on a small retail park, on the corner of Wragby Road and Outer Circle Road, to the north of Lincoln City Centre. It sits immediately behind a frontage car park running along Wragby Road, adjacent to Majestic Wine, Domino’s, Wilsons Carpets and a Costa drive thru.
Directly behind the site is Deacon Retail Park, where B&M and JYSK are located and on the opposite side of Outer Circe Road is the Carlton Centre, which has a wide range of national and multiple retailers represented within it, including Dunelm, Halfords, Pure Gym, Pets at Home, Boots, McDonalds and Costa Coffee.
Approximately ¼ mile to the north is a Tesco Superstore and immediately to the east a Lidl Foodstore.
The property therefore enjoys a high profile location within what is the largest retail destination north of Lincoln City Centre.
Lincoln is an attractive Cathedral City and is the administrative and major shopping centre for the County of Lincolnshire. The City is ranked 4th in the East Midlands Experian City Centre Rankings.The City has a population and catchment of just under 545,000 and an estimated catchment spend of circa £985 million.
Lincoln is also a well-regarded University City, with the main campus for the University of Lincoln located approximately 1.5 miles to the south, with circa 15,000 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 attracts close to 4 million visitors per year, generating over £1 billion worth of additional spending within the County.
Energy Performance Certificate
Rating: D84
Services
Mains electricity, gas, water and drainage are all available and connected to the property. These services have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers.
Town & Country Planning
The property benefits from Planning Permission for uses falling within Class E of the Town and Country Planning (Use Classes) Order 1987 (as amended in 2020).
Class E (Commercial, Business and Service Uses) allows the property to be used for all retail and restaurant purposes but not as a hot food takeaway, which is a Sui generis Use Class.
Interested parties are advised to make their own investigations with the Local Planning Authority.
Tenure
The property is available To Let by way of a new lease drawn on the equivalent of Full Repairing and Insuring terms, by way of a Service Charge, for a minimum term of 5 years or multiples thereof.
Service Charge
A service charge, referred to above, will be levied to cover the upkeep, maintenance and repair of the exterior and common parts of the property/wider site, including the car park, which is shared and used in conjunction with the adjacent occupiers.
VAT
VAT will be charged in addition to the rent at the prevailing rate.
Legal Costs
The ingoing tenants will be responsible for the Landlords’ reasonable legal costs incurred in the preparation and grant of the new lease.