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
We are pleased to offer to let this recently refurbished self-contained retail unit, located on Lincoln's High Street, with floorspace extending to 14 sq.m (150 sq.ft) comprising a retail/sales area, together with a WC compartment, which is considered ideally suited to a variety of retail/business uses, including Retail, Office, Deli, Hair & Beauty Salon, etc.
SERVICES
Mains drainage, electricity and water are connected.
EPC Rating - To be confirmed.
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. The Tenant is responsible for maintaining the interior and shop front. 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 - To be assesssed.
Small Business Multiplier (2025/2026) 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 £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.
PLANNING
The property is understood to be classified as Class 'E' Retail under the Town & Country Planning (Use Classes Order) 1987 (as amended). The unit may be suitable for a variety of uses subject to the necessary planning consents being obtained and it is the responsibility of the ingoing Tenant to ensure that the property has the permitted use for their intended business and occupation.
VIEWING
Via Mundys Commercial.
