retail unit 22 portland street lincoln ln5 7jx

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RETAIL UNIT 14 sq m (153 sq ft)

22 PORTLAND STREET LINCOLN LN5 7JX

SITE PLAN

TO LET

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LOCATION PLAN

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Situated on Portland Street in a busy secondary location, close to its junction with the High Street Planning consent for A1 (Retail) use Located only a short walk from the prime retail pitch and St Mark’s Shopping Centre Available on flexible terms

LOCATION

TENURE

The unit is situated in a busy secondary location on Portland Street, relatively close to its junction with the High Street. The surrounding area is mixed use in character with a range of retailers, offices, clinical and leisure uses located nearby. The prime City Centre retailing pitch and St Mark’s Shopping Centre are located a short walk to the north.

The property is available by way of a new three year lease or multiples thereof, subject to three yearly rent reviews, to be drawn on the equivalent of Full Repairing and Insuring terms.

There is a large residential catchment in the surrounding area providing a good customer base for any occupier of the unit.

RENT The asking rent is £4,000 per annum exclusive.

VAT

PROPERTY

VAT may be charged in addition to the rent at the prevailing rate.

A compact self-contained retail unit with frontage to Portland Street. There is a separated accessed WC.

LEGAL COSTS

ACCOMMODATION

The ingoing lessee is to be responsible for the Landlord’s reasonable legal costs incurred in connection with the preparation and grant of the lease.

Shop

14.24 sq m

(153 sq ft)

The unit was measured in accordance with the RICS Code of Measuring Practice (Sixth Edition).

To view the premises and for any additional information please contact the sole agents.

SERVICES We understand that mains water, electricity and drainage are connected to the property.

TOWN AND COUNTRY PLANNING The property has consent for A1 (Retail) uses of the Town and Country Use Classes Order 1987, as amended. The property is not listed, however is situated within a Conservation Area.

RATES Charging Authority: Description: Rateable value: UBR: Period:

VIEWING

Lincoln City Council Shop and Premises £2,500 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. The property may be suitable for Small Business Rates relief, we would encourage interested parties to speak with Lincoln City Council.

Contact: Harriet Hatcher or James Butcher Tel: 01522 544515 Email: [email protected] [email protected] Ref:

HH/LS/M608-22/L15