About this property

Detailed Description

Units 29&30 is currently a former Bank which is being divided and refurbished to create two individual retail units. Each unit is to have a new shop frontage, rear exit, kitchenette and WC. Unit 29 will benefit from gas heating system with Unit 30 to be fitted with electric air conditioning/heating. The Forum has a large amount of customer car
parking.

Location

The Forum Shopping Centre is located off Newark Road, North Hykeham which a large suburb to the South West of Lincoln, having a population in excess of 16,000 people and being approximately 3.4 miles south of Lincoln Railway Station and 2.2 miles from the A46 Eastern bypass providing quick access to the A1.

The Forum has 36 retail outlets e with a number of occupiers including Tesco Express, Morrisons Local, Co-Op Pharmacy and Coffee Culture.

Accomodation

We have estimated that each unit will have the following accommodation once the refurbishment has been completed on a net internal area basis:

Unit 29 | m2 | Sq.ft
Sales Area | 66.3 | 714
Kitchen/Store | 4.2 | 45
WC | - | -
Total NIA | 70.5 | 759
Unit 30 | m2 | Sq.ft
Sales Area | 63.6 | 687
Kitchen | 10.8 | 116
Store | 0.7 | 8
WC | - | -
Total NIA | 75.1 | 809

Business Rates

Units 29 & 30 are currently assessed under the 2023 Rating List as a Bank and Premises with a Rateable Value of £33,000. The current single Rating Assessment will need to be split once our clients refurbishment and sub-division works have been completed. We would recommend that prospective tenants contact North Kesteven District Council regarding this matter Tel: 01529 414155

Services

We understand that both units are connected to mains electricity, water and drainage. Unit 29 will have gas central central heating and Unit 30 will have electric air conditioning/heating.

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 either property

Viewing

VIEWING AND FURTHER INFORMATION
For further information or to arrange a viewing please contact:

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

VAT

We understand that VAT will be charged upon the rent.

Legal Costs

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

Terms

Both units are available by way of a new effective full repairing and
insuring leases for a minimum initial term of 3 years