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£60,000
Lincoln, Lincolnshire, An excellent opportunity to take a
Price:
£60,000 Get Prequalified Today
Contact:
01522 536777
Location:
Lincoln, Lincs
Description:
An excellent opportunity to take a lease on this to be refurbished and built ground floor retail premises in a highly prominent position within minutes walking distance of the main City Centre, in an excellent retail location with busy traffic and pedestrian footflows. The premises comprise 578 sq m (6,221 sq ft) overall and could be split into either 2 or 3 units. The development will be beneath an apartment scheme of 20 apartments comprising 1 and 2 bedrooms, and will be a highly prominent and prestigious location.
SITUATION
In the heart of the East Midlands lies the City of Lincoln which has one of the fastest growing economies in the UK. The City and its suburbs have a population in excess of 100,000, and a retail catchment area in the region of 300,000.
2006 Acorn Population Profile
Lincoln 10 mile radius 188,612
Lincoln City is an administrative, educational, business, financial and cultural centre. Companies based in the City include Siemens, Hyder Business Services, Walkers Foods, British Telecom, Lincat and Anglian Water.
Lincolnshire is the fourth largest County in England and there is plenty of scope for growth. Population density of the County is approximately 650,000 in an area covering some 2,200 square miles.
Each year thousands of people choose to settle in Lincolnshire, in fact it is the second fastest growing of all the Shires, with a net inward migration twice that of the national average.
(Source: Lincolnshire Enterprise)
Lincoln City Centre is experiencing major redevelopment and is rapidly expanding. Lincoln is ranked third out of thirty five centres in the East Midlands (Experian retail centre ranking 2002 report) and offers a diverse range of shops and businesses. Lincoln also has one of the UK's newest Universities situated in the heart of the City by the Brayford Pool.
The University is a vibrant forward thinking institution which continues to grow with new facilities being opened recently, including the architects building and medical centre
ACCOMMODATION
The property comprises a former car showroom which has recently been used for retail furniture. We understand the property is suvbject to redevelopment and demolitioners are looking for a pre-let arrangement prior to the commencement of the development.
The accommodation will more particularly comprise:
578 sq m (6.221 sq ft) ocne complete, and could be split into smaller units if required. The agents believe this to be an excellent location for a food market or general retailer, being in a densely populated residential/commercial area within minutes walking distance of the main High Street with an excellent frontage onto the secondary High Street and close to the St Marks retail development.
LEASE TERMS
The property is offered on a negotiable length of lease on full repairing insuring terms, subject to rent being paid quarterly in advance with the ingoing tenants to be responsible for the landlords legal costs in the usual way.
EPC
A commercial EPC will be carried out once the building has been completed.
VAT
The price expressed in these particulars is exclusive of VAT at the appropriate rate.
SERVICES
Mains gas, water, drainage and electricity will be connected to the property.
LOCAL AUTHORITY
Lincoln City Council, tel: 01522 881188.
NOTE
The Money Laundering Regulations 2007 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.
The principal requirements are identification of clients, record keeping, internal reporting procedures and employee training and awareness.
This footer paragraph is an example only and should not be relied upon as complying with current legislation. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
Property Type:
Single-Family Houses
Sq feet:
221 sq. ft.
Amenities:
Pool
For sale by:
Agent/Broker
Phone:
01522 536777
Posted:
Contact:
01522 536777
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Let me know if you have any questions. – Pygott & Crone - Commercial
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More About this Listing: Lincoln, Lincolnshire, An excellent opportunity to take a
Lincoln, Lincolnshire, An excellent opportunity to take a is a Houses for Sale in Lincoln LIN. Find other listings like Lincoln, Lincolnshire, An excellent opportunity to take a by searching Oodle Marketplace for Houses for Sale in Lincoln LIN.
Lincoln, Lincolnshire, An excellent opportunity to take a is a Houses for Sale in Lincoln LIN. Find other listings like Lincoln, Lincolnshire, An excellent opportunity to take a by searching Oodle Marketplace for Houses for Sale in Lincoln LIN.