LOCATION
The property is located fronting onto the southern fringe of Lincoln's High Street, being the principal retail district of Lincoln. Lincoln is a vibrant city, famous for its Cathedral, Castle and growing University. It has a population of circa. 100,000 residents and a much wider catchment given the surrounding towns and villages.

DESCRIPTION
This substantial double-fronted retail building is considered suitable for a variety of business uses, having the benefit of extensive accommodation at ground floor level and providing a total ground floor space of 122 sq.m (1,317 sq.ft) and in addition, there is the option to rent the first floor accommodation which extends to a further 44 sq.m (473 sq.m), resulting in a total floor area of 166 sq.m (1,790 sq.ft). The property benefits from having two allocated car parking spaces within the private car park to the rear. Viewing is highly recommended to appreciate all that is on offer. The Landlord will also give consideration to selling the Freehold of the entire block comprising the neighbouring retail units and additional residential apartments. Further details are available on request.

ACCOMMODATION
The ground floor retail area comprises two sales areas, together with a further kitchen, office and storage areas. The Landlord is in the process of installing a ground floor WC.

At first floor level, there is a landing area giving access to a further retail space/office, with ancillary WC facilities.

To the rear of the building there are two allocated car parking spaces.

SERVICES
Mains electricity, water and drainage are connected. Heating is via electric wall heaters.

EPC Rating - C

TERMS
LEASE TERMS - The property is available to let for a term of years to be agreed on a Full Repairing & Insuring Lease, subject to an initial annual rent of £15,000 per annum, payable monthly in advance. A deposit equivalent to three months' rent will also be payable.

There is the option to rent the upper floor accommodation, to be agreed with the Landlord.

OUTGOINGS
Rateable Value - £13,750 (for the whole)

Retail, Hospitality and Leisure Multiplier (2026/2027) 38.2p in the £

VAT
The Landlord has confirmed that there is no VAT payable on the rent charged.

LEGAL COSTS
The ingoing Tenant will be responsible for the payment of a referencing fee of £150 inc VAT, together with the Landlord's costs for the production of the Lease. Further details are available on request.

PLANNING
The property is classified as being suitable for Class E Retail & Business uses as described by the Town & Country Planning (Use Classes Order) 1987 (as amended).

VIEWING
Via prior appointment through Mundys Commercial.