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Retail Property (high street) to rent

Silver Street, Lincoln, Lincolnshire, LN2

Leasehold £2,083 pcm

Property Description

Key features

  • A2 (Financial and Professional Services) and A1 (Retail) uses
  • 1739 sq ft (161.55 sq m)
  • Prominent Location

Full description

Tenure: Leasehold

CITY CENTRE RETAIL/OFFICE

Prominent location on Silver Street

* A2 (Financial and Professional Services) and A1 (Retail) uses
* 1739 sq ft (161.55 sq m)

LOCATION
The property is situated in a prominent location at the eastern end of Silver Street, in a location very popular with Estate Agents and other A2 financial services providers. Nearby occupiers include Mundy's, Bairstow Eaves and Newton Fallowell. The property links through to Clasketgate and has a retail frontage to this elevation.

PROPERTY
A 3 storey mid terrace property with a main frontage to Silver Street and a return frontage to Clasketgate to the rear. The property has been fitted out to a good standard.

ACCOMMODATION
Ground floor 39.18 sq m 422 sq ft
Upper ground floor 19.85 sq m 214 sq ft
First floor - Office 51.46 sq m 554 sq ft
Second floor - Office/Staff areas 51.03 sq m 549 sq ft
Total Net Useable Area 161.55 sq m 1,739 sq ft

SERVICES
All mains services are connected to the property. Air conditioning has been installed to provide heating/cooling throughout the building.

TOWN AND COUNTRY PLANNING
The existing use of the property as an estate agent and mortgage broker falls within Class A2 (Financial and Professional Services) of the Town and Country Use Classes Order 1987 (as amended). A1 (Retail) use will also be allowed without the need to secure planning permission.

BUSINESS RATES
Charging Authority: Lincoln City Council
Description: Shop and Premises
Rateable value: 12,750
UBR: 0.497
Period: 2017-2018
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.

EPC
The property has an Energy Performance rating of D:93. The full EPC and Recommendation Report are available upon request.

RENT
25,000 per annum exclusive, payable quarterly in advance. - 4 years remaining

The property is also available by way of a NEW lease (if required) for a term of years to be agreed on Full Repairing and Insuring Terms please (contact for further information)

LEGAL COSTS
Each party will pay their own legal costs.

VIEWING
To view the premises and for any additional information please contact Adrian Taylor on 07525476740 or Joanne Taylor on 07921566861.

e-mail - adriantaylor@northwooduk.com, joannetaylor@northwooduk.com


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