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AGENT'S DETAILS


Office/Retail Unit, 5 St Peter at Arches, Silver Street, Lincoln LN2 1EA

To rent: £35,000.00 Per Annum|976 Sq Ft|Retail, Leisure, Restaurant/Cafes, Office, Offices

PROPERTY DETAILS

TO RENT£35,000.00 Per Annum
SIZE976 Sq Ft
ADDRESSOffice/Retail Unit, 5 St Peter at Arches, Silver Street, Lincoln LN2 1EA
TYPERetail, Leisure, Restaurant/Cafes, Office, Offices
TENURETo Let
POSTED ON26th February 2021

DESCRIPTION

The retail premises are arranged over ground and first floor levels with an attractive double frontage and strong passing footfall.

LOCATION
The unit enjoys a prominent position on the corner of the High Street/Silver Street. The property forms part of the popular St Peter at Arches retail parade, which is home to Greggs, The Works and CEX.

The property is surrounded by a wide range of national and regional retailers and A3/A4 operators within close proximity including White Stuff, Joules, Poundland, Intersport, Caffè Nero and NatWest Bank.

Leisure operators include Walkabout and the new TGI Fridays, scheduled to open in 2021.

Lincoln is one of England’s finest Cathedral cities and the administrative and major shopping centre within the County of Lincolnshire. It has a catchment population of circa 543,367 and an established total catchment spend of £984.40m. cIt also has a growing University with close to 15,000 students and economic staff based on the main campus, contributing an estimated £250m to the local economy.

TOWN AND COUNTRY PLANNING
We understand that the premises hold consent for Class A2 (Financial & Professinal Services) of the Town & Country Planning (Use Classes) Order 1987 (as amended). In the agent’s opinion the property is suitable for a variety of alternative uses, including A1 (Shops), subject to planning.

Interested parties are advised to make their own investigations to the Local Planning Authority.

RATES
Charging Authority: City of Lincoln Council
Description: Shop and Premises
Rateable value: £31,250
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 To Let by way of an effective Full Repairing and Insuring lease for a term to be agreed.

RENT
£35,000 per annum exclusive

SERVICE CHARGE
An annual service charge will be levied in addition to the rent to cover the upkeep, maintenance and repair of all common parts of the property.

VAT
We understand VAT will be payable 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

Location: Office/Retail Unit, 5 St Peter at Arches, Silver Street, Lincoln LN2 1EA

Lincoln Central (0.2 miles)

Hykeham (3.5 miles)

Saxilby (5.9 miles)

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