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Agent's details

Prime Retail Unit - 3-4 Cornhill, Lincoln LN5 7HE

To rent: £37,500.00 Per Annum|1,814 Sq Ft|Retail, Offices, Mixed use, Leisure, Other Property Types & Opportunities

Property details

TO RENT£37,500.00 Per Annum
SIZE1,814 Sq Ft
ADDRESS3-4 Cornhill, Lincoln, LN5 7HE
TYPERetail, Offices, Mixed use, Leisure, Other Property Types & Opportunities
TENURETo Let
POSTED ON29th September 2021

Description

The property is arranged over three floors, plus a recently tanked basement. The main sales area on the ground floor has large glazed windows overlooking the recently-renovated Speakers Corner, with stairs at the rear of the ground floor to the first floor. The large ground floor lends itself to a number of uses.

The property is well laid out, offering a mix of open plan retail space on the ground floor, versatile ancillary space on the first floor and more cellular offices on the second floor.

LOCATION
The Cornhill Quarter is part of a £70m redevelopment aiming to rejuvenate Lincoln’s retail offering and city centre, encompassing Sincil Street, City Square and the Corn Exchange. The overall regeneration zone will deliver in excess of 150,000 sq. ft of mixed-use commercial space and has already accounted for significant improvements to city centre infrastructure links, including a new multi-storey car park and bus station. The property enjoys a prominent location overlooking the most recent development – the new Speakers Corner and improved paving.

Occupiers within the scheme include restaurants The Botanist and The Cosy Club, national retailers such as Hobbs, Phase Eight and Whistles, a 4-screen Everyman Cinema and 200 Degrees Coffee.

Lincoln is the administrative centre and largest city in Lincolnshire with an urban population of 130,000 and a total catchment population of 545,000, giving it a total comparison goods expenditure of over £985m. It is also a growing University City with over
15,000 students and staff based at the main campus in Lincoln, contributing an estimated £250 million to the local economy.

ACCOMMODATION
Ground Floor - 52.22 sq m (562 sq ft)
First Floor - 40.04 sq m (430 sq ft)
Second Floor - 37.96 sq m (408 sq ft)
Basement - 38.5 sq m (414 sq ft)

Total - 168.72 sq m (1,814 sq ft)

TENURE
The property is available To Let by way of an effective Full Repairing and Insuring lease for a term to be agreed.

RENT
£37,500 per annum exclusive

TOWN & COUNTRY PLANNING
We understand the property has consent for uses falling within Class E (Commercial, Business & Services Use) of the Town & Country Planning Use Classes Order 1987 (amended 2020). Following changes to the Use Classes Order that came into effect on 1st September 2020, Class E now encompasses a number of uses including A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Café), B1 (Business) and D2 (Assembly & Leisure).

RATES
Charging Authority: City of Lincoln Council
Description: Shop and premises
Rateable value: £35,500
UBR: 0.512
Period: 2021-2022

VAT
VAT may be charged in addition to the rent at the prevailing rate

VIEWING
For viewing and all other enquiries please contact the agents.

Location

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Location: 3-4 Cornhill, Lincoln, LN5 7HE

Lincoln Central (0.1 miles)

Hykeham (3.4 miles)

Saxilby (6.0 miles)

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