LOCATION
The property is prominently located along Lincoln's High Street, within a busy commercial/residential district, situated approximately half a mile south of Lincoln's City Centre.
The Cathedral City of Lincoln is a vibrant University City, famous for its Cathedral, Castle and having a population of circa. 100,000 residents, together with a much wider catchment given the surrounding villages and towns.
DESCRIPTION
Ground Floor Retail Unit For Sale - This is a rare opportunity to purchase a very well-presented self-contained retail unit extending to 19.5 sq.m (210 sq.ft), which has just been refurbished and is ready for immediate occupation. The property is considered suitable for a variety of business uses.
ACCOMMODATION
The retail premises have a frontage of 3.4m and a total depth of 6.4m, with a modern WC compartment located towards the rear of the property, together with a fire escape access. The accommodation is presented to a high standard, having been recently redecorated throughout.
SERVICES
Mains electricity, water and drainage are connected.
EPC Rating - C
TERMS
The property is being sold on a Long Leasehold basis (999 years) and a Peppercorn Ground Rent will be payable. Full details to be confirmed.
A Service Charge will be payable to contribute towards the maintenance of the entire building, including Buildings Insurance. Further details are available on request.
The Freehold to be divided appropriately between the Long Leaseholders of 5 properties in total, once all properties have been sold.
OUTGOINGS
Rateable Value - £4,700
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
The property is understood to be elected for VAT, which will be chargeable in addition to the purchase price.
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.
