About this property

Detailed Description

17 Minster Yard briefly comprises an historic attached stone-built structure in the ownership of our clients, Lincoln Cathedral. The building is Grade I Listed and we are instructed to offer 5 Serviced Office Suites within the building, with each to have one designated car parking space within the walled and gated car park to the side of the property accessed from Minster Yard.

In terms of specification, the property benefits from a passenger lift between Ground and First Floor levels together with DDA Compliant WC facilities accessed from the common areas. The building also benefits from a delightful double-height central Reception Area with the property retaining many period features making this a wonderful working environment. Gas-fired central heating is provided throughout the building which also benefits from shared Kitchen facilities at Ground Floor level.

Location

17 Minster Yard is located immediately opposite Lincoln Cathedral in the favoured Uphill area of the City of Lincoln in a mixed Residential and Commercial location. Minster Yard is accessed from Pottergate by car and can also be accessed on foot from both Eastgate and Exchequergate. This location is approximately 200 metres from the entrances to both Steep Hill and Bailgate.

Accommodation

In terms of net internal area, the Serviced Office Suites comprise as follows:

Floor Suite No. Sq M Sq Ft
Ground 1 57.36 617
Ground 2 26.39 284
Ground 3 46.06 496
First 4 71.62 771
First 5 39.72 428

Business Rates

Having carried out an online search via The Valuation Office Agency website, there are 4 current Rating Assessments under the 2023 Rating List which may or may not correspond with the space described herein. We would therefore recommend that prospective tenants contact The Billing Authority with regard to this matter, and to potentially discuss any exemptions available to suitable ingoing businesses which may be applicable utilising the Government's Small Business Rate Relief Initiative prior to entering into a Licence Agreement in respect of the 5 Serviced Office Suites described herein. Please contact Lincoln City Council: 01522 881188.

Services

We understand that 17 Minster Yard is connected to mains electricity, gas, water and drainage. Gas-fired central heating is provided throughout the property. We have not carried out tests on any of the services or appliances present at the property and potential tenants should arrange for their own tests to ensure that services are adequate and in good working order prior to agreeing to enter into a Licence Agreement in respect of any of the Office Suites within the subject property.

Viewing

For further information in respect of this property, or to arrange a viewing, please contact the Sole Letting Agents:

James Cameron
01522 457800
07768 465753
james.cameron@brown-co.com

William Gaunt
01522 504322
07919 694235
william.gaunt@brown-co.com

VAT

We understand that VAT will be charged upon the rents agreed.

Legal Costs

Each party will be responsible for their own legal costs incurred in respect of the preparation and agreement of each Lease which will be for an initial 24 month term and excluded from the Security of Tenure provisions covered by Sections 24-28 of The Landlord & Tenant Act 1954 Part II.

Other

EPC
17 Minster Yard has an EPC Rating of D81 valid until 16th December 2030.

TOWN & COUNTRY PLANNING
The property has been used historically for Office & Administrative purposes and as such should have an established planning consent now falling under Use Class E of The Use Classes Order 2020 (as amended). Prospective tenants should make their own planning-related enquiries in respect of this property via The Planning Department at Lincoln City Council prior to committing to a Licence Agreement in respect of any of the Serviced Office Suites. Tel: 01522 881188

Terms

Each of the 5 Serviced Office Suites is to be made available by way of an initial 24 month Lease.

RENTAL TERMS
The rent to be paid in respect of each Serviced Office Suite towards utilities (to include central heating), maintenance of the fabric of the structure to include common parts, cleaning of common parts, lift maintenance, external grounds maintenance to include car park, buildings insurance and compliance with Health & Safety matters to include provision of annual Fire Risk Assessment, maintenance of the central heating system and periodic fixed electrical certification as and when required. Each ingoing tenant will be responsible for liabilities for Non Domestic Business Rates (if appropriate) and individual telecommunications, internet and internal repairs/
decoration in respect of each Office Suite.

Quoting rents are as follows:
Suite 1 - £17,000 p.a.x
Suite 2 - £8,000 p.a.x
Suite 3 - £14,000 p.a.x
Suite 4 - £21,500 p.a.x
Suite 5 - £12,000 p.a.x