Hairdressing Salon, 38 Grantham Street, Lincoln, Lincolnshire, LN2

Location
Grantham Street is located directly off Lincoln's pedestrianised High Street, on the junction with Pizza Express and The Cardinals Hat Public House. The property is therefore easily accessible and convenient for the full range of amenities that the Cathedral City of Lincoln has to offer.

Description
City Centre Hairdressing Salon - £9,000 Per Annum plus a premium of £1,000 for all business fixtures and fittings (Optional). We are pleased to offer to let this rare opportunity to acquire a fully equipped hairdressing salon, located within Lincoln City Centre, just off the prime pedestrianised stretch of High Street, which has been refurbished and equipped to a contemporary specification to include three hairdressing stations and two backwash basins. A full inventory of all business fixtures and fittings is available to all seriously interested parties. The open-plan accommodation extends to 38 sq.m (407 sq.ft), together with ancillary kitchen and WC facilities. Viewing is highly recommended to appreciate the location and excellent presentation throughout.

Accommodation
The ground floor entrance lobby provides direct access to the salon - 4.5m (wide) x 8.4m (deep) being open-plan in nature and particularly well-presented and equipped. There is a secure storage cupboard underneath the stairwell and in addition to the main salon, there is a kitchen and WC facility.

Services
Mains drainage, electricity and water are connected. Water is shared with the upper floors and the Landlord will apportion this when bills are received.

EPC Rating - C

Lease Terms
The property is available to let under the terms of a new Internal Repairing & Insuring Lease for a term of years to be agreed at a rental of £9,000 per annum. In addition, the option for a one-off payment of £1,000 to purchase all salon business fixtures and fittings within the premises.

A rent deposit equivalent to three months' rent will also be required, refundable at the end of the term.

Rates
Rateable Value - £4,600

Small Business Multiplier (2023/2024) 49.9p in the £.
The property may qualify for small business rates relief.

It may be possible to obtain Small Business Rates Relief, depending on individual circumstances

VAT
VAT is not understood to be chargeable in addition to the rent.

Legal Costs
The ingoing Tenant will be responsible for the Agent's referencing fee of £120 inc VAT together with the reasonable costs for the production of the Lease agreement.

Service Charge
e A Service Charge will be levied to contribute towards the costs associated with Buildings Insurance and maintenance of communal areas.

Viewing
By prior appointment through Mundys Commercial.