About this property

Detailed Description

The property comprises a two-storey, mid-terraced building currently being used a Dance School and where the Ground Floor comprises of a Sales Area, Kitchen and WC's. Part of the Sales Area has been divided by stud walls to create 3 separate rooms. The First Floor comprises of various Offices/Stores and WC's. The property has the potential to be used for many alternative uses to include a Bar & Restaurant.

Location

Lincoln is a Cathedral City with an urban population of 130,200 (2011 Census). The City is located approximately 33 miles north east of Nottingham, 41 miles south east of Sheffield and 48 miles north of Peterborough.

The property is situated on the southern side of Clasketgate (B1308) approximately 35 meters to the east of its junction with the High Street. Nearby occupiers include Tesco Express, Pizza Express and Caffe Nero.

Accommodation

Measured on a net internal area basis the property provides the following accommodation.

Description |m2 | Sq.ft
Ground Floor Restaurant | 247.8 | 2,668
First Floor Restaurant and Storage | 234.5 | 2,524
Basement Cellar | 72.1 | 777
Total NIA | 554.4 | 5,969

Business Rates

According to the Valuation Office Agency the property is entered on the 2023 Rating List as 'dance school and premises' with a rateable value of £21,000.

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

Services

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

Prospective tenants are advised to check upon the adequacy and provision of services within the relevant Statutory Authorities prior to making an offer to take a new sub-lease in respect of this property.

Viewing

Strictly by appointment with the Sole Agents.

For further information or to arrange a viewing please contact sole agents Brown & Co

AGENT
Will Gaunt
01522 457182
07919 694235
william.guant@brown-co.com

VAT

All rent quoted is exclusive of, but may be liable to, VAT at the prevailing rate. Brown & Co have been advised by the client that they have elected to charge VAT.

Legal Costs

As is usual the ingoing tenants will be responsible for our clients' reasonable legal fees incurred in this transaction.

Other

EPC
The property has an EPC rating of TBC.

TOWN AND COUNTRY PLANNING
The property was previously used as a restaurant/dance school and therefore has an established use falling under Use Class E. For further information in respect of planning related matters, prospective occupiers are advised to make their own enquiries via the Planning Department at Lincoln City Council, Tel: 01522 881188 to confirm that their proposed use of the property will be acceptable.

Terms

LEASE & RENTAL TERMS
A new effective full repairing and insuring lease is available at a rent of £30,000 per annum exclusive.

The ingoing tenant will be required to pay three months deposit.