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137-141 BURTON ROAD, LINCOLN, LN1 3LN
Groundfloorretailunitwithupperfloorstorage/flat
NIA217.23sqm(2,338sqft)
SituatedwithinthepopularBurtonRoadareaofthecityservinganextensiveresidentialcatchment
Closetoawidevarietyofotherretailers
Firstfloorsuitableforcommercialorcontinuedresidentialuse
TO LET
LOCATION
The property is located on the busy and popularBurtonRoad,northofLincolncitycentreandashortwalkfromtheworldfamousCathedralandMedievalCastle. The shops onBurtonRoad serve a largenearbyresidentialcatchment.
The unit is situated on the eastern side of BurtonRoadeasilyaccessiblefromthecitycentreandtheA46 Bypass. There is on-street parking directlyoutsidetheproperty.
LincolnisoneofBritain’sfinestCathedralcitiesandis the administrative and major shopping centrewithin Lincolnshire. It is ranked 4th in the EastMidlandsExperianCentreratingsbehindLeicester,NottinghamandDerby.Lincolnhasatotalcatchmentpopulationof543,367andatotalcatchmentspendof£985m.
PROPERT Y
Thepropertycomprisesanopenplanretailunitonthegroundfloorwithstorage rooms,anofficeandWCfacilitiestotherear.
Laidoutoverthefirstfloorisalargeself-containedflatwithaccessfromtherearthatwouldbesuitableforeithercommercialorcontinuedresidentialuse.
Thepropertyalsobenefitsfromareasonablysizedgardentotherear.
ACCOMMODATION
Havingmeasured the property in accordancewiththeprevailingRICSCodeofMeasuringPractice,wecalculatethatitprovidesthefollowingfloorareas:
Groundfloor 108.62sqm (1,169sqft) Firstfloor 108.61sqm (1,169sqft)
Total NIA: 217.23 sq m (2,338 sq ft)
SERVICES
Weunderstandthatmainsservicesincludingwater,drainageandelectricityareavailabletotheproperty.Thesehavenotbeentestedand interestedpartiesareadvisedtomaketheirowninvestigationstotherelevantutilityserviceproviders.
TOWN AND COUNTRY PLANNING
We understand that the property has consentfor uses falling within Class A1 (Shops) andC3 (Dwellinghouses) of the Town and CountryPlanning(UseClasses)Order1987(asamended).Alternative uses may be appropriate subject toreceiptofnecessaryPlanningConsent.
RATES
Charging Authority:CityofLincolnCouncil Description: ShopandPremises Rateable value: £16,000 UBR: 0.504 Period: 2019-2020
MultiplyingtheRateableValuefigurewiththeUBRmultipliergivestheannualratespayable,excludingany transitional arrangements which may beapplicable. For further information, please contacttheChargingAuthority.
TENURE
The property is available To Let by way of theassignment of two Full Repairing and Insuringleasesexpiringonthe5thFebruary2022.
Alternatively, a new lease(s)may be available,subjecttoaseparatenegotiatonwiththeLandlord.
RENT
£12,560 per annum exclusive, payable quarterly in advance
VAT
VAT will be charged in addition to the rent at theprevailingrate.
LEGAL COSTS
The ingoing tenant will be responsible for theLandlord’s and outgoing tenants reasonable legalcostsincurredinconnectionwiththeassignmentofthelease.
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 require estate agents and solicitors to formally identify parties to a transaction. Interested parties will therefore be required to provide proof of identity and address, normally a photocard driving licence or passport and recent utility bill. BANKS LONG & CO for themselves and for the vendors or lessors of this property whose agents they give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute part of an offer or contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of BANKS LONG & CO has any authority to make or give any representation or warranty whatever in relation to this property.
VIEWING:Toviewthepremisesandforanyadditionalinformationpleasecontactthesoleagents.
Contact: JamesLockwoodorJamesButcher T : 01522544515 E :[email protected]@bankslong.com Ref.9837/2019i
