The property comprises a retail premises laid out at ground and basement floor levels.
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 report over 3.5m visitors per year to the city.
Lincoln is one of England’s first Cathedral Cities and 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
The current use of the property falls within Class A1 (Shops) of the Town and Country Planning (Use Classes) Order 1987 (as amended).
The property is available To Let by way of a new effective Full Repairing and Insuring lease for a minimum term of 5 years.
A service charge may be levied to cover the upkeep, maintenance and repair of all common parts of the development.
Each party is to be responsible for their own legal costs incurred in documenting the transaction.