£8,750 per annum
Lincoln is a cathedral city and the administrative and major shopping centre within the County of Lincolnshire with an urban area population of 130,200 (2011 Census). It is also a university city with over 14,000 students and staff contributing an estimated £250 million into the local economy. The city attracts circa 3.7 million tourists annually spending £1 billion.
The subject property is situated within the popular West End area of the city on the southern side of West Parade approximately 250 metres to the west of its junction with Yarborough Road and less than a mile from the city centre.
A ground floor lock-up shop currently arranged as a retail sales area with storage and WC to the rear. The property benefits from a return frontage to South Parade. The return frontage originally had two windows which have since been bricked up.
There is therefore the potential for these to be reinstated. There is also an attached single garage available if required by negotiation
Measured on a net internal area (NIA) basis in accordance with the RICS Code of Measuring Practice the unit provides the following accommodation:
Retail 47.9 sq m (516 sq ft)
Storage 7.1 sq m (77 sq ft)
Total NIA 55.0 sq m (593 sq ft)
We understand that mains gas, electricity, water and drainage are connected to the property. Interested parties should make their own enquiries with relevant service providers.
The current use of the property falls within Class A1 (Shop) of the Town and Country Planning (Use Classes) Order 1987 (as amended). The property would however suit a variety of alternative uses. Interested parties are advised to contact City of Lincoln Council Planning Department on 01522 881188 to verify the current use of the property and to establish the likelihood of obtaining planning permission for a change of use if required.
Rateable Value (2017 List): £3,900
Standard Multiplier (2017/18): 47.9p in the £
Small Business Multiplier (2017/18): 46.6p in the £
Interested parties are advised to contact City of Lincoln Council Business Rates Department on 01522 81188 to verify the above and to enquire about their eligibility for small business rate relief (which may amount to 100% depending on circumstances).
Available to let upon a new effective full repairing and insuring lease for a term to be agreed
£8,750 per annum exclusive. Offers are invited for consideration
The guide rent quoted in these particulars is exclusive of VAT. At the time of preparation of these particulars (October 2017) we understand that the landlord has not elected to charge VAT.
C52. The front page of the Energy Performance Certificates (EPC) can be found at the end of these particulars. The full EPC and recommendation report are available to interested parties upon request.
Each party is to be responsible for their own legal costs.
For further information or to arrange a viewing please contact sole agents JHWalter:
Andrew Curtis BSc (Hons) MRICS DEA
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* Please Note: If Google Street View appears with no imagery, it is not available for this property