unit 1 the gateway, ruston way, lincoln, ln6 7db - Banks Long & Co
UNIT 1 THE GATEWAY, RUSTON WAY, LINCOLN, LN6 7DB
P rominent office unit on busy roundabout
S uitable for retail use - subject to planning
69.32 sq m (746 sq ft) NIA
4 car parking spaces to the rear
Close to City Centre and University
TO LET
LOCATION
TOWN AND COUNTRY PLANNING
The property enjoys a prominent location within the ground floor of The Gateway, one of the largest purpose built blocks of student accommodation in Lincoln City Centre. The unit overlooks the Ropewalk/Tritton Road/Brayford Way roundabout, adjacent to the Holiday Inn Express and opposite a McDonalds Drive Thru. The University Campus is about 2 minutes’ walk to the east and the City Centre is about 5 minutes’ walk to the east.
The current use of the property is Class B1 (Offices). In our view the property would be suitable for alternative A1 (Retail), A2 (Financial and Professional Services) and A3 (Food and Drink) uses, subject to the receipt of Planning Permission.
Lincoln is the administrative and major shopping centre within the County of Lincolnshire. It has a catchment of circa 543,367 and an established total catchment spend of £984.40 million. It is a growing University City, with close to 15,000 students and academic staff based at the main campus in Lincoln, contributing an estimated £250 million a year to the local economy.
Charging Authority: City of Lincoln Council Description: Office and Premises Rateable value: £12,000 UBR: 0.479 Period: 2017-2018 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.
PROPERTY
TENURE
A modern ground floor office/retail unit, with a full width glazed frontage and 4 car parking spaces to the rear.
The property is available by way of a new sub-lease contracted out of the Security of Tenure and Compensation Provisions of the 1954 Landlord and Tenant Act for a term of years to be agreed, (maximum term expiring in September 2025). Landlords break is on 1st September 2020. The lease is drawn on the equivalent of Full Repairing and Insuring terms, by way of a service charge.
EPC Rating – B38.
ACCOMMODATION The property provides the following approximate NIAs.
RENT
Main Office
51.95 sq m
(559 sq ft)
Meeting Room
11.18 sq m
(120 sq ft)
£14,700 per annum exclusive of VAT and Business Rates.
Kitchen
6.19 sq m
(67 sq ft)
VAT
WC
-
-
VAT may be charged in addition to the rental at the prevailing rate.
Total NIA:
69.32 sq m
(746 sq ft)
LEGAL COSTS
SERVICES Mains water, electricity and drainage are connected to the unit.
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 require estate agents and solicitors to formally identify parties to a transaction. Interested parties will therefore be required to provide proof of identity and address, normally a photocard driving licence or passport and recent utility bill. BANKS LONG & CO for themselves and for the vendors or lessors of this property whose agents they give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessers and do not consitute part of an offer or contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of BANKS LONG & CO has any authority to make or give any representation or warranty whatever in relation to this property.
RATES
VIEWING: To view the premises
and for any additional information please contact the sole agents.
The ingoing tenant will be responsible for the landlords’ reasonable legal costs incurred in documenting the transaction.
Contact: James Butcher or Lewis Cove T : 01522 544515 E : [email protected] or [email protected] Ref. 9136/2017
P rominent office unit on busy roundabout
S uitable for retail use - subject to planning
69.32 sq m (746 sq ft) NIA
4 car parking spaces to the rear
Close to City Centre and University
TO LET
LOCATION
TOWN AND COUNTRY PLANNING
The property enjoys a prominent location within the ground floor of The Gateway, one of the largest purpose built blocks of student accommodation in Lincoln City Centre. The unit overlooks the Ropewalk/Tritton Road/Brayford Way roundabout, adjacent to the Holiday Inn Express and opposite a McDonalds Drive Thru. The University Campus is about 2 minutes’ walk to the east and the City Centre is about 5 minutes’ walk to the east.
The current use of the property is Class B1 (Offices). In our view the property would be suitable for alternative A1 (Retail), A2 (Financial and Professional Services) and A3 (Food and Drink) uses, subject to the receipt of Planning Permission.
Lincoln is the administrative and major shopping centre within the County of Lincolnshire. It has a catchment of circa 543,367 and an established total catchment spend of £984.40 million. It is a growing University City, with close to 15,000 students and academic staff based at the main campus in Lincoln, contributing an estimated £250 million a year to the local economy.
Charging Authority: City of Lincoln Council Description: Office and Premises Rateable value: £12,000 UBR: 0.479 Period: 2017-2018 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.
PROPERTY
TENURE
A modern ground floor office/retail unit, with a full width glazed frontage and 4 car parking spaces to the rear.
The property is available by way of a new sub-lease contracted out of the Security of Tenure and Compensation Provisions of the 1954 Landlord and Tenant Act for a term of years to be agreed, (maximum term expiring in September 2025). Landlords break is on 1st September 2020. The lease is drawn on the equivalent of Full Repairing and Insuring terms, by way of a service charge.
EPC Rating – B38.
ACCOMMODATION The property provides the following approximate NIAs.
RENT
Main Office
51.95 sq m
(559 sq ft)
Meeting Room
11.18 sq m
(120 sq ft)
£14,700 per annum exclusive of VAT and Business Rates.
Kitchen
6.19 sq m
(67 sq ft)
VAT
WC
-
-
VAT may be charged in addition to the rental at the prevailing rate.
Total NIA:
69.32 sq m
(746 sq ft)
LEGAL COSTS
SERVICES Mains water, electricity and drainage are connected to the unit.
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 require estate agents and solicitors to formally identify parties to a transaction. Interested parties will therefore be required to provide proof of identity and address, normally a photocard driving licence or passport and recent utility bill. BANKS LONG & CO for themselves and for the vendors or lessors of this property whose agents they give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessers and do not consitute part of an offer or contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of BANKS LONG & CO has any authority to make or give any representation or warranty whatever in relation to this property.
RATES
VIEWING: To view the premises
and for any additional information please contact the sole agents.
The ingoing tenant will be responsible for the landlords’ reasonable legal costs incurred in documenting the transaction.
Contact: James Butcher or Lewis Cove T : 01522 544515 E : [email protected] or [email protected] Ref. 9136/2017
