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Retail Premises, Unit 24 Outer Circle Road, Lincoln LN2 4QD

To rent: £19,000.00 Per Annum|1,069 Sq Ft|Retail

Property details

TO RENT£19,000.00 Per Annum
SIZE1,069 Sq Ft
ADDRESSRetail Premises, Unit 24 Outer Circle Road, Lincoln LN2 4QD
TYPERetail
TENURETo Let
POSTED ON6th February 2017

Description

Prominent retail unit, roadside location on inner city ring road, on-site parking, opposite The Carlton Centre - the largest retail development north of the city, adjacent to Domino's Pizza.

A single storey modern retail unit with fully glazed frontage.

LOCATION
The property is situated opposite The Carlton Centre, the largest commercial and shopping destination to the north of Lincoln City Centre, with over 10,000 living within walking distance. The shopping catchment covers the whole uphill area of the city and a number of large affluent villages to the north and east, including Nettleham and Welton.

Lincoln is the administrative and major shopping centre within the county of Lincolnshire and is rated 4th in the East Midlands Experian Centre Rankings behind Nottingham, Derby and Leicester. It has a population circa 100,000 and a catchment of 300,000. The City Centre has a CACI retail ranking of 60 and an established comparison spend of £231m, with a total catchment spend of £864m.

TOWN AND COUNTRY PLANNING
The property has consent for A1 (Retail) consent under the Town and Country Planning (Use Classes) Order 1987 (as amended).

The property is not Listed nor is it located within a Conservation Area.

RATES
Charging Authority: City of Lincoln Council
Description: Shop and Premises
Rateable value: £18,500
UBR: 0.512
Period: 2020-2021

Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.

TENURE
The property is available by way of a new lease for a multiple of three years on Full Repairing and Insuring terms.

RENT
£19,000 per annum exclusive

SERVICE CHARGE
A contribution towards the upkeep of communal areas will be required. Further details are available upon request.

VAT
VAT will be charged in addition to the rental at the prevailing rate.

LEGAL COSTS
The ingoing tenant is to be responsible for the Landlord’s reasonable costs incurred in the preparation and grant of a new lease.

VIEWING
To view the premises and for any additional information please contact the sole agents.

Location

marker
Location: Retail Premises, Unit 24 Outer Circle Road, Lincoln LN2 4QD

Lincoln Central (1.6 miles)

Hykeham (4.9 miles)

Saxilby (6.7 miles)

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