About this property

Detailed Description

The property briefly comprises a modern Ground Floor Retail / Restaurant Unit forming part of the much larger 5 storey Danesgate House providing Student Accommodation which has recently been subject to an extensive refurbishment programme.

The property is largely open-plan and has been subject to an internal refurbishment programme and is now ready for the ingoing tenant's fit-out and comprises a plastered shell with concrete floor ready for the installation of suspending ceilings and lighting to the main area. The property has a fire alarm system and electric internal security shutters to the majority of the shop front. Stores, a Kitchen and Staff WC Facilities can be found to the rear of the main space which has an eaves height of approximately 2.90m (9' 6"). A 3 phase electricity supply is also provided and there is the potential availability of additional Basement Storage space should the ingoing tenant require this.

A fire escape at the rear of the property leads to a Service Yard providing bin storage, car parking and loading/unloading space accessed from Danesgate.

Location

Lincoln is an expanding University City having the benefit of a large amount of Tourism centred on Lincoln Cathedral and Lincoln Castle.

As of 2023, Lincoln has an estimated population of approximately 104,000 with Lincoln University, now incorporating a newly-built Medical School, having approximately 3,300 students with this number set to grow steadily over coming years.

Lincoln has an established and regular train link to London Kings Cross via Peterborough with the fastest journey times being just over 2 hours.

The City is well-served in terms of road links via the A46 to the A1 at Newark 16 miles away.

Clasketgate is a mixed-use area within the City centre being home to many of the City's Estate Agents and Solicitors as well as a number of Public Houses and Eateries together with Nightclubs, Public Houses and Bars.

Accommodation

The property has been measured on a net internal area basis and comprises as follows:

Floor Description Sq M Sq Ft
Ground Retail/Restaurant - Zone A 108.6 1,169
Ground Retail/Restaurant - Zone B 97.3 1,047
Ground Stores 65.9 709
Ground Kitchen 4.3 46
Ground Plant Room - -
Ground Male & Female WC's - -
TOTAL 276.1 2,971

Business Rates

The property is assessed under the 2023 Rating List as a Shop & Premises with a Rateable Value of £26,000.

For further information in respect of the level of Business Rates payable, prospective tenants should contact Lincoln City Council. Tel: 01522 881188.

Services

We understand that the property is connected to mains electricity (with 3 phase supply), water and drainage. We understand that mains gas is available in this location but is not currently connected to the subject property.

We have not carried out any tests on any of the services or appliances or believed to be present at the property and potential tenants should arrange for their own tests to ensure that any services are adequate and in good working order prior to committing to take a new lease in respect of this property.

Viewing

Strictly by prior appointment with the Sole Letting Agents:

Brown & Co
5 Oakwood Road Lincoln
LN6 3LH
Tel: 01522 457800

James Cameron
01522 457172
07768 465753
james.cameron@brown-co.com

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

VAT

We understand that the property is elected for VAT and therefore VAT will be charged upon the rent to be paid under the terms of any new lease negotiated.

Legal Costs

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

Other

EPC RATING
The property has a current and compliant EPC Rating of C68 valid until 23rd June 2025.

TOWN & COUNTRY PLANING
The property has historically been used as a Retail Unit and as such has an established consent now falling under Use Class E.

Following changes to The Use Classes Order that came into effect on 1st September 2020, Use Class E now encompasses a number of other uses including A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Café), B1 (Business) and D2 (Assembly & Leisure).

For further information in respect of planning-related matters, prospective tenants should contact The Planning Department at Lincoln City Council. Tel: 01522 881188.

Terms

LEASE TERMS
A new effective full repairing and insuring lease is available for a minimum term of 5 years.

RENTAL TERMS
The property is available at a rent of £25,000 per annum exclusive of VAT.