LOCATIONThe property is prominently located with frontage onto Newland and Orchard Street, just 100 metres from the Stonebow and the prime High Street of Lincoln City Centre.
The property is located on the A57 and is surrounded by a variety of retail uses including offices, shops, restaurants, Lincoln County Council, Wright Vigar Accountants, Student Accommodation, Lucy Tower multi-storey car park and an Odeon Cinema. The Lincoln Brayford and University of Lincoln are also within close reach, together with the Lincoln Transport Hub.
DESCRIPTIONWe are pleased to offer to let this prominently located City Centre Retail Unit/Office facility benefitting from the installation of new windows and shop front and refurbished internally together with a secure garage parking space. The accommodation is considered suitable for a variety of business uses.
ACCOMMODATIONThe accommodation comprises refurbished ground floor retail/office accommodation, which is open-plan and self-contained. In addition to the small Kitchen and WC facility, there are further communal areas, which provide for disabled access WC facilities and if required, there is also basement/archive storage accommodation is available at competitive rates. The principal retail/office space extends to 586 sq.ft (54.4 sq.m) and the basement storage area extends to 2,092 sq.ft (194.4 sq.m).
In addition to the refurbished accommodation which includes excellent return frontage display areas, the property has the distinct advantage of a secure garage car parking space located immediately to the rear.
SERVICESMains drainage, water, shared gas and independently metered electricity are connected.
A Service Charge is levied to cover the costs associated with maintaining the external and communal areas of the building, including the shared gas central heating system, common area facilities, mechanical and electrical maintenance and the car parking area.
EPC Rating – D
TERMSThe accommodation is available to let under the terms of a new Internal Repairing Lease at a rental of £7,500 per annum. Further information is available on request.
OUTGOINGSThe Rateable Value is to be reassessed but this was previously £5,800 (2017)
Based on current Government incentives, a substantial reduction, or even complete Rates Relief may be available to the ingoing Tenant.
VATVAT is payable.
LEGAL COSTSEach party will be responsible or their own legal costs associated with preparing and negotiating the Lease. The ingoing Tenant is to pay a referencing fee of £100 inc VAT.
PARKING NOTESThere is one allocated parking space.
VIEWINGBy prior appointment through Mundys Commercial – 01522 556088.