To Let - Under OfferCity Centre Retail/Café Premises

345 High Street, Lincoln, Lincolnshire, LN5 7DQ

Description

This prominent ground floor corner retail premises was most recently used as a café and has been refurbished to an excellent standard.

The property is available for immediate occupation and trading, having a fully integrated commercial kitchen, service counter, fridges, and ample seating.

A full itinerary of the existing café equipment can be provided on request and is available through separate negotiation.

Alternatively, the property could be utilised for a variety of other uses, including retail and restaurant, subject to any necessary consents required. The property would be left vacant in this regard.

LOCATION

The property occupies a prominent corner position at the busy intersection of High Street and Tentercroft Street. The St Marks Shopping Centre is located opposite a number of national retailers which include Argos, Sports Direct, Subway, JD Sports, Caffè Nero and Tesco Express.

This section of the High Street is also home to a number of professional services including solicitors and accountants, with the University of Lincoln in close proximity. The area also benefits from the new Travelodge which provides 127 rooms.

Lincoln is the administrative and major shopping centre for the county of Lincolnshire and is ranked fourth in the East Midlands Experian City Centre rankings behind Nottingham, Derby and Leicester. It has a population of circa 100,000 and a catchment of over 300,000 people.

TOWN AND COUNTRY PLANNING

We understand that the premises currently hold consent for retail use falling within Class A3 (Café and Restaurants) of the Town & Country Planning (Use Classes) Order 1987 (as amended). Interested parties are advised to make their own investigations to the Local Planning Authority.

RATES

Charging Authority:  City of Lincoln Council
Description:  Shop and Premises
Rateable value:  £20,500
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 on a new lease for a term of years to be agreed. The lease will be drawn on equivalent of Full Repairing and Insuring terms.

VAT

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

LEGAL COSTS

Each party is to be responsible for their own legal costs incurred in connection with the preparation of the legal documentation.