190-191 high street, lincoln, ln5 7al...190-191 high street, lincoln, ln5 7al 100% prime location on...
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190-191 HIGH STREET, LINCOLN, LN5 7AL
100% prime location on Lincoln High Street
259.70 sq m (2,795 sq ft) of ground floor sales plus ancillary areas of 360.65 sq m (3,882 sq ft) on the upper floors
New flexible lease available
Ornate period frontage
Close to Boots, Starbucks, M&S, Costa, River Island and the new McDonalds restaurant, together with the Cornhill Quarter
Rental Offers Invited on a new lease
TO LET
RETAIL
LOCATION
The unit enjoys a prominent 100% prime location on the High Street. There are a wide range of national multiple retailers located nearby including Boots, Starbucks, M&S, River Island, Costa, the new McDonalds restaurant, as well as the Cornhill Quarter, where Flying Tiger, Lakeland and Moss Bros are located, with units also now let to Everyman Cinema, Seasalt and The Botanist.
Lincoln is one of England’s finest 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 city’s main campus, contributing an estimated £250 million to the local economy.
PROPERT Y
A retail unit arranged over ground, first, second and third floors, with an attractive period frontage to the High Street and servicing to the rear.
EPC Rating – D80
ACCOMMODATION
The property provides the following approximate NIAs.
Ground Floor 259.66 sq m (2,795 sq ft) First Floor 220.45 sq m (2,373 sq ft)Second Floor 89.00 sq m (958 sq ft)Third Floor 50.26 sq m (541 sq ft)Basement - -
Total NIA: 619.37 sq m (6,667 sq ft)
SERVICES
Mains water, electricity and drainage are connected to the property.
TOWN AND COUNTRY PLANNING
The property has an established use as a retail unit falling within Class A1 (Retail) of the Town & Country Planning (Use Classes) Order 1987 (as amended).
The changes to the Use Classes Order to be introduced on 1st September 2020, will mean the unit can be used for a variety of A2 and A3 uses without the need to secure a new planning permission. Further details available on request.
The property is Grade II Listed and is located within a Conservation Area.
RATES
Charging Authority: City of Lincoln Council Description: Shop and Premises Rateable value: £185,000 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 by way of a new Full Repairing and Insuring lease for a term of years to be agreed.
RENT
Rental Offers Invited
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 documenting the transactions.
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: To view the premises and for any additional information please contact the sole agents.
Contact: James Butcher or Lewis Cove T : 01522 544515 E : [email protected] or [email protected] Ref. 336-R/2020G
50 metres
Lincoln
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Experian Goad Plan Created: 09/07/2020Created By: Banks Long
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