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Commercial property for sale
Guildhall Street, Lincoln, LN1
- Retail Premises
- 5 Storeys Inc Basement
- City Centre Location
- Highly Prominent Location
- 165.82 Sq M (1784 Sq Ft)
- For Sale £350
- 000 or To Let £27
Tenure: LeaseholdAn excellent opportunity to take either purchase or lease this prime retail commercial premises comprising basement, ground floor, first floor, second floor and third floor accommodation, suitable for retail, commercial and other uses in a prime position fronting onto a pedestrianised area just off the main Lincoln High Street. The premises are presently used for hot food takeaway / sandwiches / cafeteria with 30 sit down covers to the rear.
SITUATION Lincolnshire is one of the fastest growing economies in the UK, and its capital Lincoln is ranked third out of thirty five centres within the East Midlands (Experian Retail Centre ranking 2002 report) with a diverse range of shops and businesses.
Lincolnshire is experiencing major investment from industrial, agriculture, food and other operators together with major investments by the Ministry of Defence and the expansion of their military bases.
Lincoln now has the benefit of being connected to the A46 dual carriageway linking to the main A1 and the national motorway network. It is approx 15 mins from Newark Northgate station which benefits from a regular National Express service to London's Kings Cross with a minimum journey time of 1 hour 20 mins. Lincoln is 142m north of London, 75m from Leeds, 52m from Leicester, 36m from Nottingham, 60m from Peterborough and 48m from Sheffield. Lincoln is therefore strategically located to benefit the region as a whole.
SITUATION Lincoln City centre is experiencing major redevelopment and is rapidly expanding, The University is also adding to the prosperity of the City. Lincoln is ranked 3rd out of 35 centres within the East Midlands (Experian Retail Centre Ranking 2002 report) and offers a diverse range of shops and business's. It is an extremely popular tourist destination and it is estimated that the City receives approximately 1 million visitors per year with 75% being from within the UK or the majority of oversees visitors from neighbouring European Countries and a sizable contingent from American visitors.
Lincoln now has the benefit of being connected to the A46 dual carriageway linking to the main A1 and the national motorway network. It is approx 15 mins from Newark Northgate station which benefits from a regular National Express service to London's Kings Cross with a minimum journey time of 1 hour 20 mins. Lincoln is 142m north of London, 75m from Leeds, 52m from Leicester, 36m from Nottingham, 60m from Peterborough
DESCRIPTION The property comprises a five storey premises including basement, and is situated in a prime location fronting onto Guildhall Street, among a host of national retailers and only a few yards to the main city centre High Street. The property would suit a variety of uses including retail, commercial and other uses, subject to planning permission.
STREET SCENE .
ACCOMMODATION The accommodation more particularly comprises:
Overall total area of the premises: 165.82 sq m (1784.88 sq ft)
GROUND FLOOR Totalling 38.60 sq m
With display window.
BASEMENT Totalling 31.13 sq m
Comprising two rooms and WC.
FIRST FLOOR Totalling 36.04 sq m
Comprising two rooms.
SECOND FLOOR Totalling 36.44 sq m
Comprising two rooms.
THIRD FLOOR Totalling 23.61 sq m
Comprising two rooms.
LEASE TERMS The property is presently offered on negotiable lease terms, on full repairing insuring basis, with the ingoing tenant to be responsible for landlords legal costs, and the rent to be paid quarterly in advance. Any lease is subject to suitable tenant references.
PRICE Rental of £27,500 per annum exclusive or For Sale at £350,000 for the freehold.
VAT The rent/price expressed in these particulars is exclusive of VAT at the appropriate rate.
RATES Contact Lincoln City Council, tel: 01522 881188.
FIXTURES AND FITTINGS Items described in these particulars are included in the sale, all other items are specifically excluded. We cannot verify that they are in working order, or fit for their purpose. The buyer is advised to obtain verification from their solicitor or surveyor. Measurements shown in these particulars are approximate and are given as room guides only. These must not be relied upon or taken as accurate. Purchasers must satisfy themselves in this respect.
EPC The Energy Performance Certificate for this property is attached hereto:
VIEWING Viewing is strictly by appointment with the sole agents: Pygott & Crone Lawrence House 27-29 Clasketgate Lincoln LN2 1JJ Tel: 01522 536777
NOTE The Money Laundering Regulations 2003 has been extended to include estate agency work with the definition of relevant business. Estate agency is as defined in the Estate Agents Act 1979. Auctioneers and estate agents will have to put certain anti-money laundering procedures into place. Failure to do so will be a criminal offence that carries a penalty of a maximum of two years imprisonment, or a fine or both.
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