city centre retail unit 2 cornhill pavements lincoln ln5 7he
CITY CENTRE RETAIL UNIT 258.10 sq m (2,778 sq ft)
2 CORNHILL PAVEMENTS LINCOLN LN5 7HE
TO LET
GOAD PLAN
Strong retailing pitch close to Waterstones, W H Smith, Thomas Cook, Game, Lush, Card Factory, Savers and Bright House Prominent location in city centre close to new Cornhill Quarter development Total sales 167.80 sq m (1,806 sq ft) plus upper floor ancillary areas Available on new flexible tenant friendly lease terms
LOCATION
TENURE
The property is located in a prominent location on Cornhill Pavements in Lincoln city centre on what is a strong retailing pitch. Nearby retailers include Waterstones, W H Smith, Game, McDonald’s, Lush, Thorntons, Thomas Cook and a variety of banks including Halifax and Santander.
The premises are available on a new contracted out lease for a term of 3 years with the lease to incorporate mutual rolling breaks at any time with 6 months’ notice. The lease will be drawn on Full Repairing and Insuring terms.
The new Cornhill Quarter Development is to commence within the block opposite in mid 2016. Lincoln is the shopping and administrative centre for the county of Lincolnshire. It has a resident population of circa 100,000 with a catchment within a 20 mile radius of th 300,000. Lincoln is ranked 4 in the Experian East Midlands Retail Rankings behind Nottingham, Leicester and Derby.
RENT Rental offers invited.
VAT VAT will be charged in addition to the rental at the prevailing rate.
LEGAL COSTS PROPERTY A ground floor retail unit with a full height/width glazed frontage to Cornhill Pavements together with upper floor storage and staff accommodation.
First Floor storage/staff
167.80 sq m
1,806 sq ft
90.30 sq m
972 sq ft
Shop depth
10.70 m
52 ft 2 in
Internal width
15.90 m
35 ft 2 in
SERVICES All mains services to include gas, water, drainage and electricity are available and connected to the property.
TOWN AND COUNTRY PLANNING The existing and long established use of the property falls within Class A1 (Retail) of the Town and Country Use Classes Order 1987 (as amended), but it may also be suitable for alternative uses falling within Class A2 (Financial & Professional Services) and A3 (Restaurant & Café), subject to the receipt of planning permission.
RATES Charging Authority: Description: Rateable value: UBR: Period:
ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate is available on request.
ACCOMMODATION Ground Floor Sales
The ingoing tenant is to be responsible for all legal costs incurred in documenting the transaction.
Lincoln City Council Shop and Premises £80,000 0.497 2016-2017
Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.
VIEWING To view the premises and for any additional information please contact the sole agents.
Contact: James Butcher or Harriet Hatcher Tel: 01522 544515 Email: [email protected] [email protected] Ref:
JRB/LS/314/2/E16
2 CORNHILL PAVEMENTS LINCOLN LN5 7HE
TO LET
GOAD PLAN
Strong retailing pitch close to Waterstones, W H Smith, Thomas Cook, Game, Lush, Card Factory, Savers and Bright House Prominent location in city centre close to new Cornhill Quarter development Total sales 167.80 sq m (1,806 sq ft) plus upper floor ancillary areas Available on new flexible tenant friendly lease terms
LOCATION
TENURE
The property is located in a prominent location on Cornhill Pavements in Lincoln city centre on what is a strong retailing pitch. Nearby retailers include Waterstones, W H Smith, Game, McDonald’s, Lush, Thorntons, Thomas Cook and a variety of banks including Halifax and Santander.
The premises are available on a new contracted out lease for a term of 3 years with the lease to incorporate mutual rolling breaks at any time with 6 months’ notice. The lease will be drawn on Full Repairing and Insuring terms.
The new Cornhill Quarter Development is to commence within the block opposite in mid 2016. Lincoln is the shopping and administrative centre for the county of Lincolnshire. It has a resident population of circa 100,000 with a catchment within a 20 mile radius of th 300,000. Lincoln is ranked 4 in the Experian East Midlands Retail Rankings behind Nottingham, Leicester and Derby.
RENT Rental offers invited.
VAT VAT will be charged in addition to the rental at the prevailing rate.
LEGAL COSTS PROPERTY A ground floor retail unit with a full height/width glazed frontage to Cornhill Pavements together with upper floor storage and staff accommodation.
First Floor storage/staff
167.80 sq m
1,806 sq ft
90.30 sq m
972 sq ft
Shop depth
10.70 m
52 ft 2 in
Internal width
15.90 m
35 ft 2 in
SERVICES All mains services to include gas, water, drainage and electricity are available and connected to the property.
TOWN AND COUNTRY PLANNING The existing and long established use of the property falls within Class A1 (Retail) of the Town and Country Use Classes Order 1987 (as amended), but it may also be suitable for alternative uses falling within Class A2 (Financial & Professional Services) and A3 (Restaurant & Café), subject to the receipt of planning permission.
RATES Charging Authority: Description: Rateable value: UBR: Period:
ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate is available on request.
ACCOMMODATION Ground Floor Sales
The ingoing tenant is to be responsible for all legal costs incurred in documenting the transaction.
Lincoln City Council Shop and Premises £80,000 0.497 2016-2017
Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.
VIEWING To view the premises and for any additional information please contact the sole agents.
Contact: James Butcher or Harriet Hatcher Tel: 01522 544515 Email: [email protected] [email protected] Ref:
JRB/LS/314/2/E16
