retail unit 153 burton road lincoln ln1 3lw
OFFICE / RETAIL UNIT 67 sq m (728 sq ft)
153 BURTON ROAD LINCOLN LN1 3LW OS PLAN
TO LET
© Tele Atlas NV/Crown Copyright; Reproduced by Permission of Tele Atlas NV
LOCATION PLAN
Retail unit in popular uphill location Assignment of the existing lease Nearby occupiers include Coral, Co-op Convenience Store and independent retailers On street parking directly outside the unit
LOCATION
RATES
The unit is located in a popular uphill location, close to Cathedral Quarter, in a busy commercial area serving a residential catchment. There are numerous commercial occupiers nearby including Coral, Co-op Convenience Store and other independent retailers and restaurants. Bishop Grosseteste University is located a short walk away.
Charging Authority Description Rateable value UBR Period
Lincoln is the administrative and major shopping centre within the County of Lincolnshire and is ranked fourth in the East Midlands Experian Centre Rating, behind Nottingham, Derby and Leicester. It has a population of circa 100,000 and a catchment of 300,000. The City has a CACI ranking of 60 with an established comparison spend of £23 million and a total catchment spend of £864 million and attracts 3.7 million tourists a year.
: : : : :
Lincoln City Council Shop and Premises £3,200 0.493 2015-2016
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. An ingoing tenant may be able to apply for Small Business Rates Relief. We would encourage interested parties to make their own enquiries with City of Lincoln Council.
RENT PROPERTY The property comprises a self-contained mid-terrace retail unit, and a first floor office, providing the following accommodation:
Ground Floor Shop Rear Office First Floor Office Office Total
Sq m
Sq ft
31.24 5.85
336 63
16.89 13.71 67.69
182 147 728
The units were measured in accordance with the RICS Code of Measuring Practice (Sixth Edition).
£8,500 pax (Eight thousand and five hundred pounds per annum exclusive)
VAT VAT may be charged in addition to the rental at the prevailing rate.
LEGAL COSTS The purchaser will be responsible for the landlord’s and current tenant’s legal fees incurred with grant of the lease.
ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate is attached.
SERVICES VIEWING All mains, water, drainage and electricity are available and connected to the property.
To view the premises and for any additional information please contact the sole agents.
TOWN AND COUNTRY PLANNING The current use of the unit falls within Class A2 (Financial & Professional Services) of the Town and Country Use Classes Order 1987, as amended. Under Permitted Development Rights Class A1 (Retail) would be acceptable. Other uses may be suitable, subject to planning.
TENURE The property is available by way of an assignment of the th existing lease expiring 12 May 2018. The lease is drawn on effectively full repairing and insuring terms, subject to a Schedule of Condition.
Contact: Tel: Email:
Harriet Hatcher 01522 544515 [email protected]
Ref:
HH/JRB/JAH/7457-1/I15
153 BURTON ROAD LINCOLN LN1 3LW OS PLAN
TO LET
© Tele Atlas NV/Crown Copyright; Reproduced by Permission of Tele Atlas NV
LOCATION PLAN
Retail unit in popular uphill location Assignment of the existing lease Nearby occupiers include Coral, Co-op Convenience Store and independent retailers On street parking directly outside the unit
LOCATION
RATES
The unit is located in a popular uphill location, close to Cathedral Quarter, in a busy commercial area serving a residential catchment. There are numerous commercial occupiers nearby including Coral, Co-op Convenience Store and other independent retailers and restaurants. Bishop Grosseteste University is located a short walk away.
Charging Authority Description Rateable value UBR Period
Lincoln is the administrative and major shopping centre within the County of Lincolnshire and is ranked fourth in the East Midlands Experian Centre Rating, behind Nottingham, Derby and Leicester. It has a population of circa 100,000 and a catchment of 300,000. The City has a CACI ranking of 60 with an established comparison spend of £23 million and a total catchment spend of £864 million and attracts 3.7 million tourists a year.
: : : : :
Lincoln City Council Shop and Premises £3,200 0.493 2015-2016
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. An ingoing tenant may be able to apply for Small Business Rates Relief. We would encourage interested parties to make their own enquiries with City of Lincoln Council.
RENT PROPERTY The property comprises a self-contained mid-terrace retail unit, and a first floor office, providing the following accommodation:
Ground Floor Shop Rear Office First Floor Office Office Total
Sq m
Sq ft
31.24 5.85
336 63
16.89 13.71 67.69
182 147 728
The units were measured in accordance with the RICS Code of Measuring Practice (Sixth Edition).
£8,500 pax (Eight thousand and five hundred pounds per annum exclusive)
VAT VAT may be charged in addition to the rental at the prevailing rate.
LEGAL COSTS The purchaser will be responsible for the landlord’s and current tenant’s legal fees incurred with grant of the lease.
ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate is attached.
SERVICES VIEWING All mains, water, drainage and electricity are available and connected to the property.
To view the premises and for any additional information please contact the sole agents.
TOWN AND COUNTRY PLANNING The current use of the unit falls within Class A2 (Financial & Professional Services) of the Town and Country Use Classes Order 1987, as amended. Under Permitted Development Rights Class A1 (Retail) would be acceptable. Other uses may be suitable, subject to planning.
TENURE The property is available by way of an assignment of the th existing lease expiring 12 May 2018. The lease is drawn on effectively full repairing and insuring terms, subject to a Schedule of Condition.
Contact: Tel: Email:
Harriet Hatcher 01522 544515 [email protected]
Ref:
HH/JRB/JAH/7457-1/I15
