4 Guildhall Street, Lincoln, LN1 1TT

Location
Guildhall Street is prominently located within Lincoln's prime city centre being accessed directly off High Street, close to its junction with Stonebow. Neighbouring occupiers include HSBC Bank, Subway Sandwich Shop and James Usher Jewellery.

Lincoln is a vibrant Cathedral City, being the administrative and major shopping centre for the county of Lincolnshire, with an urban population of 130,000 residents and a total catchment population of 544,000. It is also famed for its growing University with over 15,000 students living within the city.

Description
City Centre Investment Property For Sale - We are pleased to offer for sale this four-storey city centre property offered for sale subject to the existing tenancy, generating an income of £21,250 per annum. The accommodation is particularly well-appointed throughout with accommodation across five floors and a gross internal floor area of 213 sq.m (2,290 sq.ft).

Accommodation
The property provides for well-presented, refurbished accommodation across the basement, ground, first, second and third floors, all used in association with the current Tenant's business as a Beauty Spa. The basement comprises an open-plan salon area, extending to 38.4 sq.m. The ground floor provides for an Entrance Lobby, Main Retail/Spa Area and has a useable floor space of 37.6 sq.m. The first floor accommodation is air-conditioned and divided to comprise three Treatment Rooms together with a seating area and WC Compartment extending to 35.2 sq.m. The second floor also provides for three air-conditioned Treatment Rooms and extends to 36.8 sq.m and the third floor accommodation comprises; General Office and Staff Facilities extending to a total of 36.8 sq.m.

Services
Mains drainage, electricity and water are connected. Please note the air conditioning installation is owned by the tenant rather than the Landlord.

EPC Rating - D

Tenure
The property is available on a Freehold basis, subject to the existing Tenancy, as described below.

Tenancy Information
The property is let under the terms of a ten year lease commencing 18th November 2014, at a Passing Rent of £21,250 per annum, fixed for the remainder of the term. The Lease is a conventional Full Repairing & Insuring Lease. Full details are available on request.

Rates
Rateable Value - £18,500.00

Standard Business Multiplier (2023/2024) 51.2p in the £.

VAT
VAT may be applicable in addition to the purchase price at the prevailing rate.

Viewing
Strictly by prior appointment through Mundys Commercial - .