About this property

Detailed Description

131 West Parade briefly comprises a Ground Floor Retail Unit. The Retail Space has been divided to create a Reception area, Office with a Kitchenette and WC to the rear.

Location

Lincoln is a Cathedral City with an urban population of circa 130,000. It is also a University City with circa 15,000 students and staff attending the main City centre Campus.

The subject property is situated within the popular West End area of the City on the Northern side of West Parade, approximately 0.6 miles from Lincoln High Street.

Accomodation

The property has been measured on a Net Internal Area Basis.

Description m2 Sq.ft
Sales Area/Kitchenette 34.0 366
WC - -
Total NIA 4.0 366

Business Rates

The property is assessed under the 2023 Rating List as a Shop and Premises with a Rateable Value of £3,150.

Subject to the ingoing tenant meeting certain criteria, it is possible to claim up to 100% exemption from the payment of Non Domestic Business Rates utilising the Government's Small Business Rate Relief Initiative. Further information in this regard can be supplied by Lincoln City Council as The Billing Authority. Tel: 01522 881188.

Services

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

Prospective tenants are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to entering into a commitment to take a new lease in respect of this property.

Viewing

For further information or to arrange a viewing please contact:

Brown&Co
William Gaunt
01522 504322
07919 694235
william.gaunt@brown-co.com

5 Oakwood Road
Lincoln
LN6 3LH

VAT

We understand that the property is not elected for VAT.

Legal Costs

Each party will be responsible for their own legal costs incurred in respect of any new lease negotiated.

Other

TOWN & COUNTRY PLANNING
The property was previously used as a Retail Unit and as such should have an established planning consent now covered by Use Class E of The Use Classes Order 2020.

For further information in respect of planning-related matters, prospective tenants are advised to make their own enquiries via The Planning Department at Lincoln City Council. Tel: 01522 881188.

EPC
The property has an EPC rating of D82.

Terms

LEASE TERMS
The property is to be made available by way of a new effective full repairing and insuring lease for a minimum initial term of 3 years.

RENTAL TERMS
£7,000 per annum.