RETAIL - bankslong.com · Nearby occupiers includeTesco Express, ... Fully fitted café - all...
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345 HIGH STREET, LINCOLN LN5 7DQ Return fronted ground floor retail premises, suitable for a variety of purposes Prominent location on busy pedestrianised lower High Street 127.68 sq m (1,393 sq ft) NIA Nearby occupiers include Tesco Express, Subway, JD Sports, Sports Direct and Boots Fully fitted café - all equipment available through separate negotiation Available to let on a new lease TO LET RETAIL
Transcript of RETAIL - bankslong.com · Nearby occupiers includeTesco Express, ... Fully fitted café - all...
345 HIGH STREET, LINCOLN LN5 7DQ
Returnfrontedgroundfloorretailpremises,suitableforavarietyofpurposes
ProminentlocationonbusypedestrianisedlowerHighStreet
127.68 sq m (1,393 sq ft) NIA
NearbyoccupiersincludeTescoExpress,Subway,JDSports,SportsDirectandBoots
Fullyfittedcafé-allequipmentavailablethroughseparatenegotiation
Availabletoletonanewlease
TO LET
RETAIL
LOCATION
ThepropertyoccupiesaprominentcornerpositionatthebusyintersectionofHighStreetandTentercroftStreet. TheStMarksShoppingCentre is locatedoppositeanumberofnationalretailerswhichincludeArgos, Sports Direct, Subway, JD Sports, CaffèNeroandTescoExpress.
This section of the High Street is also home to anumberofprofessionalservices includingsolicitorsand accountants, with the University of Lincoln incloseproximity.TheareaalsobenefitsfromthenewTravelodgewhichprovides127rooms.
Lincoln is the administrative and major shoppingcentre for thecountyofLincolnshireand is rankedfourth in the East Midlands Experian City Centrerankings behindNottingham,Derby and Leicester.Ithasapopulationofcirca100,000andacatchmentofover300,000people.
PROPERT Y
This prominent ground floor corner retail premiseswas most recently used as a café and has beenrefurbishedtoanexcellentstandard.Thepropertyis available for immediate occupation and trading,havingafullyintegratedcommercialkitchen,servicecounter,fridges,andampleseating.
A full itinerary of the existing café equipment canbe provided on request and is available throughseparatenegotiation.
Alternatively, the property could be utilised for avarietyofotheruses,includingretailandrestaurant,subject to any necessary consents required. Thepropertywouldbeleftvacantinthisregard.
ACCOMMODATION
In accordance with the prevailing RICS Code ofMeasuringPractice,wecalculate that thepropertyprovidesthefollowingapproximatenetusableareas:
RetailSalesArea 72.49sqm (780sqft) Kitchen 15.09sqm (171sqft)BasementStore 40.10sqm (442sqft)
Total NIA: 127.68 sq m (1,393 sq ft)
SERVICES
Mainsservicesofelectricityandwaterareavailableand connected. Interested parties are advised tomake their own investigations to the utility serviceproviders.
TOWN AND COUNTRY PLANNING
We understand that the premises currently holdconsent for retail use fallingwithinClassA3 (CaféandRestaurants) of theTown&CountryPlanning(UseClasses)Order1987(asamended).InterestedpartiesareadvisedtomaketheirowninvestigationstotheLocalPlanningAuthority.
RATES
Charging Authority:CityofLincolnCouncil Description: ShopandPremises Rateable value: £20,500 UBR: 0.512 Period: 2020-2021
MultiplyingtheRateableValuefigurewiththeUBRmultipliergivestheannualratespayable,excludingany transitional arrangements which may beapplicable. For further information, please contacttheChargingAuthority.
TENURE
ThepropertyisavailableTo Let onanewleaseforatermofyearstobeagreed.TheleasewillbedrawnonequivalentofFullRepairingandInsuringterms.
RENT
£32,500 per annum exclusive of VAT and business rates
VAT
VATmaybechargedinadditiontotherentalattheprevailingrate.
LEGAL COSTS
Eachparty is tobe responsible for theirown legalcostsincurredinconnectionwiththepreparationofthelegaldocumentation.
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 require estate agents and solicitors to formally identify parties to a transaction. Interested parties will therefore be required to provide proof of identity and address, normally a photocard driving licence or passport and recent utility bill. BANKS LONG & CO for themselves and for the vendors or lessors of this property whose agents they give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute part of an offer or contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of BANKS LONG & CO has any authority to make or give any representation or warranty whatever in relation to this property.
VIEWING:Toviewthepremisesandforanyadditionalinformationpleasecontactthesoleagents.
Contact: LewisCoveorJamesLockwood T : 01522544515 E :[email protected]@bankslong.com Ref.604-1/2020H
50 metres
Lincoln
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Experian Goad Plan Created: 17/07/2018Created By: Banks Long
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