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Prominent Retail Unit, Newark Road, North Hykeham, Lincoln LN6 8QE

To rent: £14,950.00 Per Annum|906 Sq Ft|Retail, Office, Restaurant/Cafes, Offices

Property details

TO RENT£14,950.00 Per Annum
SIZE906 Sq Ft
ADDRESSProminent Retail Premises, Unit 1, 275 Newark Road, North Hykeham, Lincolnshire LN6 8QE
TYPERetail, Office, Restaurant/Cafes, Offices
TENURETo Let
POSTED ON25th June 2019

Description

Highly prominent retail unit in large residential catchment area, on-site customer parking, suitable for a variety of uses - STP, available on a new lease, the parade is currently undergoing extensive external refurbishment works, suitable for a variety of uses including office, retail and hot food takeaway, subject to approval

A large single storey open plan retail unit, including an office and WC facilities.

On site customer car parking is also available.

Externally, the retail parade is currently undergoing extensive refurbishment works, which will include a new modern contemporary facade.

EPC Rating: TBC

LOCATION
North Hykeham is a town on the outskirts of the city of Lincoln, which lies about 5 miles to the north. It offers a good range of shopping and educational facilities and is a popular residential location. The A46 Lincoln bypass, and dual carriageway to Newark, where access is available onto the A1, is located about 2 miles to the south.

The property is situated on Newark Road, close to the busy Station Road junction. Within the locality are multiple businesses including an Indian Restaurant, Spar Convenience Store, hairdressers, fish & chip shop and bicycle shop. An Asda Superstore is located a short distance to the north.

SERVICES
We understand that mains electricity, water and drainage are available and connected to the property. Interested parties should make their own enquiries within the relevant suppliers.

TOWN AND COUNTRY PLANNING
The property has consent for a wide variety of uses, falling within Class E (Commercial, Business & Service Uses) of the Town & Country Planning (Use Classes) Order 1987 (as amended).

The property is suitable for a wide range of commercial uses, including retail, showroom, health and fitness, and hot food takeaway.

RATES
Charging Authority: North Kesteven District Council
Description: Shop and Premises
Rateable value: £14,500
UBR: 0.512
Period: 2021-2022

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 unit is available by way of a new lease on effectively Full Repairing and Insuring terms.

RENT
The unit is available at a rent of £14,950 per annum exclusive

SERVICE CHARGE
A service charge is payable by all occupiers to cover the upkeep and maintenance of the common areas. Please contact the agents for further details.

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

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.

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

Location

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Location: Prominent Retail Premises, Unit 1, 275 Newark Road, North Hykeham, Lincolnshire LN6 8QE

Hykeham (0.4 miles)

Lincoln Central (3.5 miles)

Swinderby (4.3 miles)

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