About this property

Detailed Description

The property comprises an end-terraced Ground Floor Retail Unit. Internally there is a Sales Area to the front with a Store, Kitchenette and WC to the rear. The Sales Area has suspended ceilings with inset lighting and carpet flooring.

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.

Larchwood Crescent is located in a primarily Residential area to the South West of Lincoln, adjacent to Birchwood Avenue. The property is around 1 mile from the A46 and approximately 3.5 miles East of Lincoln Railway and Bus Stations.

Accommodation

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

Description |m2 | Sq.ft
Ground - Sales Area | 32.1 | 514
Ground - Store | 13.3 | 143
Ground - Kitchenette | 1.8 | 19
Ground - WC | - | -
Total NIA | 66.5 | 71

Business Rates

The property is assessed under the 2023 Rating List as a Shop and Premises with a Rateable Value of £6,500.

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 Governments Small Business Rate Relief Initiative and we would recommend that prospective tenants contact Lincoln City Council in this regard Tel: 01522 881188.

Services

We understand that mains electricity, water and drainage are 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

For further information or to arrange a viewing please contact the Sole Letting Agents:

Brown & Co
5 Oakwood Road William Gaunt
Lincoln 01522 504322
LN6 3LH 07919 694235
william.gaunt@brown-co.com

VAT

We understand from our client that the property is not elected for VAT and therefore VAT will not be charged upon any rent negotiated.

Legal Costs

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

Other

EPC
The property has an EPC Rating of TBC

TOWN AND COUNTRY PLANNING
We believe that the property is suitable for a variety of uses covered under Use Class E however, we would recommend the prospective tenants direct any planning-related enquires to the Planning Department at Lincoln City Council on Tel: 01522 881188.

Terms

LEASE & RENTAL 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 at a rent of £8,500 per annum.