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3.73 Acres (1.51 Ha) of Commercial Development Land, Venture Way, off Trent Road, Grantham, NG31 7XS

Guide price £950,000

Under offer

GUIDE £950,000 FREEHOLD

Strategic Employment Land

•Broadly rectangular site off Venture Way having a total area of approximately 3.73 acres (1.51 hectares).

•Western boundary of the site abuts southbound carriageway of the A1.

•Site is understood to be allocated for employment uses falling under Use Classes B1, B2 and B8 covering Light & General Industrial uses, Offices, Warehousing and Storage/Distribution.

•Approximately 1.93 acres available for immediate development with a further 1.8 acres currently let to 2 Recycling Limited by way of a lease expiring in September 2021 at a rent of £27,000 per annum exclusive.

•Of interest to developers, owner-occupiers and investors looking for land to develop immediately, but whe…

GUIDE £950,000 FREEHOLD

Strategic Employment Land

•Broadly rectangular site off Venture Way having a total area of approximately 3.73 acres (1.51 hectares).

•Western boundary of the site abuts southbound carriageway of the A1.

•Site is understood to be allocated for employment uses falling under Use Classes B1, B2 and B8 covering Light & General Industrial uses, Offices, Warehousing and Storage/Distribution.

•Approximately 1.93 acres available for immediate development with a further 1.8 acres currently let to 2 Recycling Limited by way of a lease expiring in September 2021 at a rent of £27,000 per annum exclusive.

•Of interest to developers, owner-occupiers and investors looking for land to develop immediately, but where potential exists for future expansion on the let land.
3.73 Acres (1.51 Hectares)


LOCATION
Grantham is an established and expanding market town in South Lincolnshire being located approximately 23 miles east of Nottingham and 25 miles south of Lincoln with a resident population of approximately 38,000 people and having a large and expanding catchment area.

The site at Venture Way is situated directly off Trent Road and the immediate area houses many of the towns' larger warehousing and manufacturing operations. The A1 abuts the site's western boundary can be accessed approximately 0.5 miles from the site.

DESCRIPTION
The site is broadly rectangular in shape and extends in total to approximately 3.73 acres (1.51 acres) having a hammerhead access from Venture Way and being largely flat.

Approximately 1.93 acres (0.78 hectares) is available for immediate development for commercial purposes falling under Use Classes B1, B2 and B8 covering Light & General Industrial uses, Offices, Warehousing and Storage/Distribution. The remaining 1.8 acres (0.73 hectares) is let by way of a lease expiring in September 2021 to 2 Recycling Limited who occupy the adjacent warehouse premises in third party ownership, and who use the land for storage purposes having erected a fence boundary around the site. The 2 Recycling lease is outside Section 24-28 of the Landlord & Tenant Act 1954 Part II thereby offering the purchaser the opportunity to develop part of the site and collect income from the remainder whilst also offering the potential in the future for further development.

SERVICES
It is believed that mains electricity, gas, water and drainage are available to the site from Venture Way, however interested parties are to make their own enquires with the relevant Statutory Authorities prior to submitting an offer to acquire this land.

TERMS
The southern portion of the site extending to approximately 1.8 acres (0.73 hectares) is let to the occupier of the adjacent warehouse, 2 Recycling Limited, on an effective full repairing and insuring basis for a term expiring in September 2021 at a rent of £27,000 per annum exclusive of VAT with the lease being outside the Security of Tenure provisions of Sections 24-28 of the Landlord & Tenant Act 1954 Part II. A copy of the lease in respect of this part of the site is available from Brown & Co as the Sole Selling Agents.

Asking Price
We are instructed to seek offers in the region of £950,000 for this site in its entirety, part with the benefit of vacant possession and part subject to the terms of the lease described herein. Our clients are primarily interested in selling the site in its entirety, however, interest in the vacant or investment elements of the property can be expressed via ourselves as Sole Selling Agents.

VAT
The sale price quoted within these sales particulars is exclusive of but may be liable to VAT at the prevailing rate and you should clarify the position regarding VAT prior to making an offer to acquire this site.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in any transaction negotiated.

PLANNING
We understand from the Planning Department at South Kesteven District Council that the site is zoned for Employment Uses falling under Use Classes B1, B2 and B8 covering Light & General Industrial uses, Offices, Warehousing and Storage/Distribution.

Further enquires in respect of planning-related matters should be directed to the Planning Department at South Kesteven District Council Tel: 01476 406080.

OTHER
Easements, Wayleaves and Rights of Way
The site is sold subject to, and with the benefit of, all existing obligations and rights, including rights of way, whether public or private, light, support, drainage, water, electricity supplies and other obligations, easements, quasi-easements and all wayleaves, whether referred to or not in these Particulars.

VIEWING
The vacant element of the site can be viewed from Venture Way, however, for a full inspection of the land in its entirety, please contact:
Brown & Co
Granta Hall
6 Finkin Street
Grantham
NG31 6QZ
Tel: 01476 514433
Direct Dial: 01476 514450
james.cameron@brown-co.com

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