LOCATION
The property is prominently situated on the junction of Burton Road and Turner Street, located adjacent to Burton Road Post Office and is situated within 1 mile of Lincoln City Centre. Being within the 'Uphill' district of Lincoln, it is within close proximity of all tourist attractions within the historic quarter of Lincoln.
DESCRIPTION
Prominently located Retail Premises to Let - This ground floor retail unit benefits from a return frontage and is located within the busy and ever popular Burton Road district, within the affluent 'Uphill' area of Lincoln, within walking distance of the principal tourist attractions including the Lincoln Cathedral and Castle. Burton Road has a wide range of independent retailers providing a wide range of facilities, meeting all day to day shopping requirements together with coffee shops, restaurants and public houses. This retail unit is considered suitable for a variety of retail businesses.
ACCOMMODATION
The property has the benefit of a large return frontage retail showroom extending to 41 sq.m (441 sq.ft). In addition, there is a store room/staff room providing access to a courtyard area with WC compartment.
SERVICES
Mains water and electricity are connected.
EPC Rating - D
TERMS
The property is available to let for a term of years to be agreed on an Internal Repairing & Insuring Lease, subject to an initial annual rent of £9,600 per annum, payable monthly in advance. A deposit equivalent to three months' rent will also be payable.
OUTGOINGS
Rateable Value - £10,250
Retail, Hospitality and Leisure Multiplier (2026/2027) 38.2p in the £
Prospective occupiers are likely to qualify for Small Business Rates Relief which, under the current framework, would give up to 100% exemption of Rates liability, but interested parties should make their own enquiries. In the event of a full rates liability, the annual rates payable for this current year would be £3,915.
VAT
VAT is not payable on the annual rent charged.
LEGAL COSTS
The prospective Tenant will be responsible for the payment of a referencing fee of £150 inc VAT and in addition, the ingoing Tenant will be responsible for the Landlord's reasonable costs for the preparation of the Lease. Further details are available on request.
PARKING NOTES
30 min free parking opposite the shop and 2 hour free parking areas nearby.
VIEWING
By prior appointment through Mundys Commercial.
