About this property

Detailed Description

18A Minster Yard briefly comprises an attractive attached stonebuilt structure in the ownership of our clients, Lincoln Cathedral. The building is Grade I Listed and we are instructed to offer 3 First Floor Serviced Office Suites within the building.

In terms of specification, each Office Suite benefits from carpet flooring & lighting. The building also benefits from gas fired central heating and shared Kitchen, WC and Break Room on the First Floor.

Location

18A Minster Yard is located immediately opposite Lincoln Cathedral in the favoured Uphill area of the City of Lincoln in a mixed Residential and Commercial location. Minster Yard is accessed from Pottergate by car and can also be accessed on foot from both Eastgate and Exchequergate. This location is
approximately 200 metres from the entrances to both Steep Hill and Bailgate.

Accommodation

In terms of net internal area, the 3 First Floor Serviced Office Suites comprise as follows:

Description | m2 | Sq.ft
Suite 1 | 24.7 | 266
Suite 2 | 13.4 | 144
Suite 3 | 27.2 | 293

Business Rates

We would recommend that prospective tenants contact The Billing Authority with regard to Business Rates, and to potentially discuss any exemptions or reliefs available to suitable ingoing businesses which may be applicable utilising the Government's Small Business Rate Relief Initiative prior to entering into a lease in respect of the 3 Serviced Office Suites described herein. Please contact Lincoln City Council: 01522 881188.

Services

We understand that 18A Minster Yard is connected to mains electricity, gas, water and drainage. Gas-fired central heating is provided throughout the property. We have not carried out tests on any of the services or appliances present at the property and potential tenants should arrange for their own tests to ensure that services are adequate and in good working order prior to agreeing to enter into a lease in respect of any of the Office Suites within the subject property

Viewing

For further information or to arrange a viewing please contact:

Brown & Co William Gaunt
5 Oakwood Road M: 07919 694235
Lincoln T: 01522 504222
LN6 3LH E: william.gaunt@brown-co.com

VAT

We understand that VAT will be charged upon the rents agreed.

Legal Costs

Each party will be responsible for their own legal costs incurred in respect of the preparation and agreement of each lease.

Other

TOWN AND COUNTRY PLANNING
The property has been used historically for Office & Administrative purposes and as such should have an established planning consent now falling under Use Class E of The Use Classes Order 2020 (as amended). Prospective tenants should make their own planning-related enquiries in respect of this property via The
Planning Department at Lincoln City Council prior to committing to a Licence Agreement in respect of any of the Serviced Office Suites. Tel: 01522 881188.

EPC
18A Minster Yard has an EPC Rating of D93 valid until 11th January 2033.

Terms

RENTAL TERMS
The rent to be paid in respect of each Serviced Office Suite includes utilities (to include central heating), maintenance of the fabric of the structure to include common parts, cleaning of common parts, external grounds maintenance, buildings insurance and compliance with Health & Safety matters to include provision of annual Fire Risk Assessment, maintenance of the central heating system and periodic fixed electrical certification as and when required.

Each ingoing tenant will be responsible for liabilities for Non Domestic Business Rates (if appropriate) and individual telecommunications, internet and internal repairs/decoration in respect of each Office Suite.

Quoting rents are as follows:
Suite 1 - £7,000 p.a.x
Suite 2 - £4,000 p.a.x
Suite 3 - £8,000 p.a.x

LEASE TERMS
Each of the 3 Serviced Office Suites is to be made available by way of a new internal repairing lease outside Sections 24-28 of The Landlord and Tenant Act 1954 Part II for a term to be negotiated.