About this property

Detailed Description

161-162 High Street is a City Centre, mid-terraced Retail Premises spread over 3 floors on the pedestrianised part of Lincoln High Street.

The Ground Floor comprises of a predominately open-plan Retail Area with laminate flooring, slat boarded walls, suspended ceilings with inset lighting and a glazed window shop front with a security electric roller shutters. The First Floor comprises of additional Sales/Office space (previous tenant used it as a Showroom), WC & Kitchen and the Second Floor comprises of Storage accommodation.

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.

162 High Street is well-located on the pedestrianised part of Lincoln High Street and is around 0.2 miles to the South of Lincoln Railway and Bus Stations. Neighbouring properties include Tesco Express, JD Sports, Merkur Slots, Poundland and Iceland.

Accommodation

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

Description | m2 | Sq.ft
Ground Floor - Sales Area - Zone A | 33.0 | 355
Ground Floor - Sales Area - Zone B | 33.0 | 355
Ground Floor - Sales Area - zone C | 21.7 | 234
Ground Floor - Sales Area - Zone D | 32.4 | 348
First Floor - Office/Sales Area & Kitchen & WC | 58.6 | 631
Second Floor - Stores | 27.9 | 300
Total NIA | 206.6 | 2,224

Business Rates

The property is currently assessed under the 2026 Rating List as a Shop and Premises with a Rateable Value of £27,250.

Prospective tenants should check the level of Business Rates payable via Lincoln City Council. 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 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 Retail Shop 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 new lease in respect of this property. Tel: 01522 881188.

EPC
The property has an EPC Rating of D87, which expires on the 6th July 2033.

Terms

LEASE & RENTAL TERMS
The property is to be made available by way of a new full repairing and insuring lease for a minimum term of 5 years at an initial rent of £30,000 per annum.