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Retail Property (high street) to rent

Waterside North, Lincoln, Lincolnshire, LN2

1,910 sq. ft. | £25,000 pa| £2,083 pcm

Property Description

Commercial information

  • 1,910 sq ft (177 sq m)

Full description

A modern building where the ground floor units have been subdivided into three 'white boxed' retail/restaurant units with plastered and painted walls and ceilings, with each unit benefitting from a disabled W/C.

The property has planning permission for A1 (Retail) and A3, (Restaurant/Café) use.

The property is not Listed - but is situated within a Conservation Area.

The units enjoy an attractive waterside setting on the City Centre leisure circuit, adjacent to the Waterside Shopping Centre, which has recently been refurbished in order to provide new units for Next and H & M. Other nearby occupiers include a Burger King restaurant, The Witch & Wardrobe and Green Dragon pubs.

Lincoln is the administrative and major shopping centre for the County of Lincolnshire and is ranked 4th in the East Midlands Experian Centre rankings behind Nottingham, Derby and Leicester. The City has CACI ranking of 60 with an established comparison spend £231 million and a total catchment spend of £831 million. The City has a student population of around 10,000 which continues to expand annually. The City has a population of circa 100,000 and a catchment of 300,000.

TENURE
The commercial units are available on new full repairing and insuring leases for a term by arrangement.

RENT
Unit 1 £12,500 per annum exclusive

Unit 2 £15,000 per annum exclusive

Unit 3 £25,000 per annum exclusive


PREMIUM
Nil Premium is payable.

RENT FREE PERIOD
The Landlords are prepared to grant a rent free period of three months.

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

LEGAL COSTS
Both parties will be responsible for their own costs.


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