About this property

Detailed Description

450 High Street, Lincoln is an end-terraced ground Retail Unit comprising a sales area, 2 kitchens, store and WC on the ground floor
with 3 offices and WC on the first floor. The office space has been divided by stud wall partitioning which could be removed to create an
open-plan office if required. The Retail area benefits from a return frontage, air conditioning, laminate flooring and suspended ceilings
with inset lighting. The first floor office space has carpet flooring, strip lighting and double-glazed windows.

The adjacent Retail Unit (449 High Street) is also available by separate negotiation.

Location

Lincoln is a Cathedral and University City within urban population of approximately 130,000 people as of the 2011 Census. The City is
located approximately 33 miles North East of the City of Nottingham, 41 miles South East of the City of Sheffield and 48 miles North of the City of Peterborough.

450 High Street is located on the lower end of Lincoln High Street, adjacent to Shakespeare Street which is around 0.8 miles to the South of Lincoln Railway and Bus Stations.

Accomodation

The property has been measured on a Net Internal Area basis:

Ground Floor - Sales Area - 45.6 sq m / 491 sq ft
Ground Floor - Kitchen - 9.8 sq m / 105 sq ft
Ground Floor - Store - 4.6 sq m / 50 sq ft
Ground Floor Kitchen - 3.2 sq m / 34 sq ft
Ground Floor - WC
First Floor Offices - 37.2 sq m / 400 sq ft
Ground Floor - WC
Total NIA - 100.4 sq m / 1,080 sq ft

Business Rates

449 & 450 High Street combined are assessed under the 2023 Rating List as a Shop and Premises with a Rateable Value of £11,000.

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. We would recommend that prospective tenants contact
Lincoln City Council regarding this matter 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
making an offer to take a new lease in respect of this property.

Viewing

For further information or to arrange a viewing please contact:

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

VAT

We understand that VAT will not be charged upon the rent.

Legal Costs

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

Other

TOWN AND COUNTRY PLANNING
The property has been used as a Letting Agency and as such has an established use which is now covered by Use Class E of The Use
Classes Order 2020. We would recommend that prospective tenants discuss any planning related enquiries with the Planning Department at Lincoln City Council prior to making an offer to take a lease in respect of this property. Tel: 01522 881188.

EPC
The property has an EPC rating of C58. Valid until 15th July 2034.

Terms

The property is made available by way of assignment of our clients effective full repairing and insuring lease. The original lease
commenced on the 5th February 2002 and was renewed on the 5th February 2020 for a period of 15 years. There is a break clause on 5th February 2026 and a rent review on every 3rd anniversary of the renewal term.