0 Bed Retail Property (high Street) To Rent

Location

The property is situated in the heart of the historic 'Steep Hill' district of Lincoln, close to the Castle, Cathedral and all tourist attractions around the Bailgate area, yet just a short walk from the main city centre High Street. Steep Hill is famous for its eclectic mix of local retailers which include eateries, local crafts, boutiques etc.



Lincoln is one of England's finest Cathedral Cities, having a population and surrounding catchment of circa. 550,000 residents.



Description

Self-Contained Retail Unit within a Prime Tourist/Retail Location - We are pleased to offer to let this small retail unit, within Lincoln's premier retail location, situated within the heart of the historic 'Steep Hill' district of the City Centre, close to the Castle and Cathedral and sitting within a bustling tourist district, just a short walk away from Lincoln's famous Bailgate area and the High Street within the City Centre, famous for its independent businesses, vintage boutiques, quaint tea rooms and the long-established neighbouring chocolate shop. The retail space extends to 14 sq.m (150 sq.ft). The property currently incorporates a range of shelving units, which can be used for display purposes if required.



Accommodation The retail space is self-contained and benefits from having a beautiful panelled wall and original stone fireplace, which create an excellent, atmospheric retail environment and is currently equipped with shelving/storage units, which can be removed if required. To the rear of the retail area is a WC compartment and staff area/kitchen facility. The overall ground floor space extends to 14 sq.m (150 sq.ft).

Services Mains water, electricity and drainage are connected to the property.



EPC Rating - No applicable (Grade II Listed).



Lease Terms

The property is available to let for a term of years to be agreed at a rental of £14,000 per annum (£1,166.67 per calendar month). The ingoing Tenant will be responsible for the payment of a three month rent deposit and will also be responsible for the payment of a referencing fee of £150 inc VAT and a Lease preparation fee of £500 inc VAT.



Rates

Rateable Value - £6,000



Small Business Multiplier (2025/2026) 49.9p in the £.



The property qualifies for Small Business Rates Relief, and it is therefore likely that the ingoing Tenant will be exempt from the payment of Business Rates, depending on individual circumstances.



VAT

VAT is not payable in addition to the rent.



Viewing

By prior appointment through Mundys Commercial.



Planning

The property is understood to be classified as Class 'E' Retail under the Town & Country Planning (Use Classes Order) 1987 (as amended). The unit may be suitable for a variety of uses subject to the necessary planning consents being obtained and it is the responsibility of the ingoing Tenant to ensure that the property has the permitted use for their intended business and occupation.