retail / office / workshop premises 8-16 portland street lincoln ln5 7jx
RETAIL / OFFICE / WORKSHOP PREMISES with Development Potential (STP) 890.59 sq m (9,584 sq ft) on 0.10 hectares (0.25 acres)
8-16 PORTLAND STREET LINCOLN LN5 7JX
OS SITE PLAN
FOR SALE / TO LET © Tele Atlas NV/Crown Copyright; Reproduced by Permission of Tele Atlas NV
LOCATION PLAN
Prominent location close to Lincoln City Centre Mixed-use surrounding occupiers Suitable for continued commercial use or redevelopment for residential purposes (subject to planning)
LOCATION
RATES
The property is located on the northern side of Portland Street, close to its junction with the High Street. The surrounding area is of mixed use in character with a range of retailers, offices, clinical and leisure uses located nearby. The prime city centre retailing pitch and St Marks Shopping Centre are located a short walk to the north and the University of Lincoln is approximately half a mile to the west. There is a large residential catchment within the surrounding area.
Charging Authority: Description: Rateable value:
Lincoln is the administrative and shopping centre for the County of Lincolnshire with a population of circa 100,000 and a catchment of 300,000. It is an historic Cathedral city that is also the home of two expanding Universities with 14,000 students and staff that contribute an estimated £250 million to the local economy.
PROPERTY A complex of one and two storey buildings providing retail, office and workshop space – together with a secure yard area. The site area extends to about 0.10 hectares (0.25 acres).
ACCOMMODATION
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.
TENURE The property is available for sale freehold with vacant possession on completion. Alternatively the Landlord would grant a lease over the whole premises for a term of years to be agreed, subject to Full Repairing and Insuring terms.
PRICE / RENT Price - £395,000 Rent - £37,500 per annum exclusive
Having measured the property in accordance with the prevailing RICS Code of Measuring Practice, we calculate that it provides the following Gross Internal Floor Areas : sq m sq ft 8/8A Portland Street 141.37 1,521 12 Portland Street 644.71 6,939 16 Portland Street 104.51 1,124 Total GIA:
UBR: Period:
Lincoln City Council Shop and premises 8/8A £ 3,150 12 £20,750 16 £ 4,100 0.493 2015-2016
890.59
9,584
SERVICES
VAT VAT may be charged in addition to the price/rental at the prevailing rate.
LEGAL COSTS In the case of a letting the ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in connection with the preparation and grant of the lease.
We understand that all mains services to include gas, water, drainage and electricity are available and connected to the property. Interested parties are advised to make their own enquiries with the relevant service providers.
In the case of a sale each party will pay their own costs.
TOWN AND COUNTRY PLANNING
VIEWING
The property was most recently utilised as a funeral parlour, florists and Chapel of Rest falling within Classes A1 (Retail) and B1 (Office/Light Industrial). The property is not Listed, however, it does fall within a Conservation Area.
To view the premises and for any additional information please contact the agents.
Having regard to the character of the surrounding area, we perceive that the property offers potential for redevelopment for residential purposes, subject to the receipt of planning permission. Interested parties are advised to discuss any enquiries with the Local Planning Authority.
Tel: Email:
ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate is attached.
Contact:
Ref:
Harriet Hatcher or James Butcher 01522 544515 [email protected] [email protected] JRB/CD/86/G15
8-16 PORTLAND STREET LINCOLN LN5 7JX
OS SITE PLAN
FOR SALE / TO LET © Tele Atlas NV/Crown Copyright; Reproduced by Permission of Tele Atlas NV
LOCATION PLAN
Prominent location close to Lincoln City Centre Mixed-use surrounding occupiers Suitable for continued commercial use or redevelopment for residential purposes (subject to planning)
LOCATION
RATES
The property is located on the northern side of Portland Street, close to its junction with the High Street. The surrounding area is of mixed use in character with a range of retailers, offices, clinical and leisure uses located nearby. The prime city centre retailing pitch and St Marks Shopping Centre are located a short walk to the north and the University of Lincoln is approximately half a mile to the west. There is a large residential catchment within the surrounding area.
Charging Authority: Description: Rateable value:
Lincoln is the administrative and shopping centre for the County of Lincolnshire with a population of circa 100,000 and a catchment of 300,000. It is an historic Cathedral city that is also the home of two expanding Universities with 14,000 students and staff that contribute an estimated £250 million to the local economy.
PROPERTY A complex of one and two storey buildings providing retail, office and workshop space – together with a secure yard area. The site area extends to about 0.10 hectares (0.25 acres).
ACCOMMODATION
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.
TENURE The property is available for sale freehold with vacant possession on completion. Alternatively the Landlord would grant a lease over the whole premises for a term of years to be agreed, subject to Full Repairing and Insuring terms.
PRICE / RENT Price - £395,000 Rent - £37,500 per annum exclusive
Having measured the property in accordance with the prevailing RICS Code of Measuring Practice, we calculate that it provides the following Gross Internal Floor Areas : sq m sq ft 8/8A Portland Street 141.37 1,521 12 Portland Street 644.71 6,939 16 Portland Street 104.51 1,124 Total GIA:
UBR: Period:
Lincoln City Council Shop and premises 8/8A £ 3,150 12 £20,750 16 £ 4,100 0.493 2015-2016
890.59
9,584
SERVICES
VAT VAT may be charged in addition to the price/rental at the prevailing rate.
LEGAL COSTS In the case of a letting the ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in connection with the preparation and grant of the lease.
We understand that all mains services to include gas, water, drainage and electricity are available and connected to the property. Interested parties are advised to make their own enquiries with the relevant service providers.
In the case of a sale each party will pay their own costs.
TOWN AND COUNTRY PLANNING
VIEWING
The property was most recently utilised as a funeral parlour, florists and Chapel of Rest falling within Classes A1 (Retail) and B1 (Office/Light Industrial). The property is not Listed, however, it does fall within a Conservation Area.
To view the premises and for any additional information please contact the agents.
Having regard to the character of the surrounding area, we perceive that the property offers potential for redevelopment for residential purposes, subject to the receipt of planning permission. Interested parties are advised to discuss any enquiries with the Local Planning Authority.
Tel: Email:
ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate is attached.
Contact:
Ref:
Harriet Hatcher or James Butcher 01522 544515 [email protected] [email protected] JRB/CD/86/G15
