The Forum Shopping Centre, North Hykeham

Location

The Forum Shopping Centre is prominently located on Newark Road, North Hykeham, a large suburb to the South West of Lincoln, having a population in excess of 16,000. The centre benefits from an average vehicle passing of over 20,000 per day. The centre is, effectively, the ‘town centre’ for North Hykeham. It is a 35 unit scheme anchored by Tesco Express and is home to a number of national retailers supported by established regional and local trades.

Description

Unit 29/30 is currently an open plan ground floor retail unit, available as either a single unit (approx. 1605sqft / 1162 ITZA), or as two individual units (approx. 759 sq ft / 564 ITZA) and (817sqft / 585 ITZA)

Following refurbishment the units will include new shop fronts, kitchenettes and w/c’s, painted plaster walls and suspended ceiling with inset lighting. Unit 29 will have a gas fired central heating system and unit 30 to be fitted with Air Conditioning system.

Rent/Size

Unit 29 – £18,000p/a – approx. 759sqft (564 ITZA)
Unit 30 – £18,500p/a – approx. 817sqft (585 ITZA)
Unit 29/30 £36,500p/a – approx. 1605sqft (1162 ITZA)

Rent payable quarterly in advance.

Tenure

The property is available To Let by way of a Full Repairing and Insuring lease at a term to be agreed.

VAT

The property is VAT registered, VAT is payable on all costs.

Service Charge

A service charge is payable for the upkeep and maintenance of the common areas of the estate.

Rateable Value

To be re-assessed on separation of the units by the Valuation Office.

Legal Costs

Each party will be responsible for their own legal costs.

Energy Performance Certificate

The EPC and Recommendation Report are available on request.

Services

We understand all mains electricity, gas (unit 29 only), water and drainage are available to the property. Interested parties are advised to make their own investigations.

Viewings & Further Information

For further information or to discuss your requirements please contact:
Amy Willoughby MARLA
Commercial Property Manager