A recently refurbished retail unit extending to approximately 80 square metres (860 square feet). The premises are situated in a prime zone of the busy secondary shopping area of Burton Road, neighboured by the Coop and Countdown hardware store.
The property has undergone a substantial refurbishment in 2021 including rewiring, and is available as a bare unit for the tenant to adapt to their particular needs. The premises were previously a retail bakers’ shop.
Planning: Current use class E
EPC: Will be available shortly.
Rateable Value: We are informed by Lincoln City Council the current rateable value is £3,739 prior to refurbishment.
Lease: A new ten year lease is offered subject to three year upward only reviews tied to retail price index. The tenant will be responsible for all internal fitting out and repairs (landlord responsible for external maintenance). The lease is to be contracted out of the 1954 Landlord & Tenant Act which means the lease terminates at the end of year 10 and will be subject to a renegotiation at that time should the tenant wish to continue in occupation.
Terms: The premises are to be let by way of informal tender. Offers are invited in excess of £2,000 for the new lease and are to be submitted in writing or by email to Slingsbys Lincoln Limited. email@example.com
Rent: Offers are invited for the initial annual rent (first three years) in excess of £14,000 per annum.
Owners: Slingsbys Lincoln Ltd., 3 Greestone Place, Lincoln LN2 1PP.
Solicitors: Adie Pepperdine, 3 The Landings, Burton Waters, Lincoln LN1 2TU Tel: 01522 577088 FAO: Louise Pepperdine.
Call us now to book a viewing.