High Street Retail Property to Rent, 5 Silver Street, , LN2 1DY - CBRE Commercial

Overview

LEASEHOLD AVAILABLE

The premises are arranged over ground and first floor. The ground floor comprises a large sales area, customer toilets, large staff accommodation and large storage space. The basement provides additional storage space. Tenure The premises are available by way of an assignment of the existing lease expiring 24/12/2021. Alternatively, the premises are available by way of a sub-lease. Rent The current passing rent is £24,500, exclusive of all other outgoings. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £23,500.00 and the rates payable are £11,726.50 pa. The UBR for 2019/2020 is 49.90p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

The historic Cathedral city of Lincoln is the principle retail destination for the County of Lincolnshire and is situated approximately 32 miles north east of Nottingham, 48 miles to the north of Peterborough and 49 miles east of Sheffield. The subject property occupies a position on Silver Street and fronts High Street, which is the main retail provision in the city. National retailers in the vicinity include House of Fraser, Cafe Nero and NatWest.

Sizes and Measurements

Total Size

1,608sqft

Sales Area

1,026sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,026sqft

Status

Available

Available from

Now

1st

Details

Non-Sales

Size

582sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

24/12/2021

Lease type

Assignment

For rent

£24,500/pa

UBR

49.9p

Rateable Value

£23,500.00

Business Rates

£11,726.50/pa

Specification

  • City Centre
  • Leasehold

Floorplan

SILVER

Photos

IMG_0329