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LOCATION
The property is located close to the Junction of High Street and Boultham Avenue, on the southern fringe of Lincoln City Centre. High Street is the principal retail district of Lincoln, which has recently undergone significant Highways improvements. The property has the benefit of short-stay parking immediately in front of the building, along High Street.
DESCRIPTION
(Business Relocating) - We are pleased to let this ground floor self-contained retail unit located on Lincoln's High Street. The accommodation extends to 52.1 sq.m (560 sq.ft) comprising a larger than average open-plan Retail/Sales Area, together with further ancillary Workspace/Stores and Kitchen/WC facilities. The property is considered suitable for a variety of professional services.
SERVICES
Mains drainage, electricity and water are connected.
EPC Rating - B
TERMS
The property is available to let under the terms of a new Internal Repairing & Insuring Lease for a term of years to be agreed exclusive of Business Rates and all other outgoings. Apportioned Buildings Insurance will be charged back to the ingoing Tenant and a deposit equivalent to three months' rent will also be payable.
OUTGOINGS
Rateable Value - £5,400
Small Business Multiplier (2023/2024) 49.9p in the £.
The property may qualify for small business rates relief.
It may be possible to obtain Small Business Rates Relief, depending on individual circumstances.
VAT
VAT is not payable on the rent.
LEGAL COSTS
The prospective Tenant will be responsible for the payment of a referencing fee of £120 inc VAT and in addition, the ingoing Tenant will be responsible for the Landlord's reasonable legal costs for the preparation of the Lease. Further details are available on request.
VIEWING
Via Mundys Commercial.
