About this property

Detailed Description

449 High Street, Lincoln is a mid-terraced, ground floor Retail Unit comprising a sales area to the front with a kitchen, WC and yard to the rear. The property benefits from air conditioning, laminate flooring and suspending ceilings with inset lighting.

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.

449 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 and the main pedestrianised shopping area.

Accommodation

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

Description | m2 | Sq.ft
Ground Floor - Sales Area | 37.3 | 401
Ground Floor - Kitchen | 2.2 | 24
Ground Floor - WC | - | -
Total NIA | 39.5 | 425

Business Rates

449 & 450 High Street combined are currently 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:

Brown & Co William Gaunt
5 Oakwood Road 01522 504322
Lincoln 07919 694235
LN6 3LH 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 previously 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 B46 which expires on the 2nd September 2034

Terms

LEASE & RENTAL TERMS
The property is available by way of a new effective full repairing and insuring lease available for a minimum initial lease term of 3 years at a rent of £8,500 per annum.