Sharpe's Sweets Business, 46 Sincil Street, Lincoln, LN5 7ET

Location
The property is prominently positioned within the recently regenerated Cornhill district of Lincoln City Centre and Sincil Street provides a direct-link between the Waterside Shopping Centre and the Lincoln Transport Hub, comprising the Bus and Railway Stations. Sincil Street contains an eclectic mix of local retailers and is located directly opposite the indoor market and restaurants and leisure facilities available within Cornhill.

Description
(For the Lease and Business Plus Stock at Valuation) Thriving and Long-Established Business For Sale - Located within the recently refurbished Cornhill district of Lincoln, this property occupies a prime position, opposite the Market Hall and comprises a very well-regarded and long-established sweet shop business, popular with locals and tourists alike. The premises, held on Lease, provide extensive ground floor retail accommodation together with additional storage and office accommodation at ground and first floor level, extending, in total, to 67 sq.m (720 sq.ft).

Accommodation
At ground floor level, the retail accommodation is open-plan, extending to circa. 40 sq.m (430 sq.m). In addition, there is ground floor storage accommodation and at first floor level, further office space with ancillary stores and staff room/WC facilities. The overall floor area extends to 67 sq.m (720 sq.ft).

Services
Mains electricity, water and drainage are connected.

EPC Rating - C.

Lease Terms
The premises are available to take under the terms of a new Lease for a term of 5 years, at a rent of £22,000 plus VAT per annum. A deposit may also be payable.

Rates
Rateable Value - £22,000

The current owners have indicated that the currently monthly rates liability is circa. £550.

Small Business Multiplier (2024/2025) 49.9p in the £.
The property may qualify for small business rates relief.

It may be possible to obtain Small Business Rates Relief, depending on individual circumstances.

VAT
VAT is chargeable on the rent at the prevailing rate.

Legal Costs
The prospective Purchaser of the business will be responsible for their own legal costs in relation to the purchase, together with the Landlord's reasonable legal costs in preparing a new Lease. There will also be a payment to the Agent of £150 inc VAT for the purposes of referencing.

Viewing
Strictly by prior appointment with Mundys Commerical.

Planning
The property is understood to be classified as Class E 'Retail' under the Town & Country Planning (Use Classes Order) 1987 (as amended).