About this property

Detailed Description

Unit 3, 421 Newark Road briefly comprises a corner Ground Floor Retail/Office Premises. Internally, the property has been extensively refurbished and benefits from air conditioning throughout together with fire and burglar alarm systems, spot lighting, vinyl floor coverings, a Kitchen facility together with a disabled/unisex WC. There is also access via a rear fire door to a shared Yard area suitable to storing bins/general waste. Internally, the property comprises an open-plan area together with 2 private rooms which is suitable for both Retail and Office purposes.

The development within which the property is situated comprises an established Retail Parade believed to have been built during the early 1960's occupying an extremely prominent position on the corner of the Junction of Newark Road and Rookery Lane and where there is plentiful staff/customer car parking to the frontage. Neighbouring occupiers include a Hairdressers together with a Hot Food Take Away. The property is therefore suitable for a wide variety of uses.

Location

Lincoln is a Roman City which has grown dramatically over the last 20 years and which currently has a resident population, to include North Hykeham, of approximately 115,000 people.

The A46 bypasses the Town and links it to the A1 at Newark approximately 16 miles away.

Lincoln has an established mainline rail connection to London Kings Cross with a journey time of approximately 2 hours.

The property is situated on the corner of the junction of Newark Road and Rookery Lane in an established Retail Parade with customer and staff Car Parking to the frontage.

Accomodation

The property provides the following accommodation and has been measured on a net internal area basis:-

Floor Description Sq M Sq Ft
Ground Shop/Office Suite 46.0 495
Ground Kitchen 6.47 70
Ground Store 2.6 28
Ground Disabled/Unisex WC - -
TOTAL 55.0 593

Business Rates

The property is assessed under the 2017 Rating List as a Shop and Premises with a Rateable Value of £8,700.

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. We understand that mains gas is available in this location but not connected to the subject property.

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

Strictly by prior appointment with the Sole Letting Agents:

James Cameron / William Gaunt
Brown & Co LLP
5 Oakwood Road
Lincoln, LN6 3LH
Direct Dial: 01522 457172 / 01522 457182
Mobile: 07768 465753 / 07919 694235
Email: james.cameron@brown-co.com / william.gaunt@brown-co.com

VAT

We understand from our landlord client that VAT will not be charged upon any rent agreed with the ongoing tenant.

Legal Costs

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

Other

The property has an EPC Rating of C70.

The property was last used as a Beauty Salon and as such has an established use which is now

Terms

RENT
We are quoting an asking rent of £10,000 per annum in respect of this property

LEASE TERMS
The property is to be made available by way of a new effective full repairing and insuring lease for a minimum term of 3 years.