About this property

Detailed Description

Units 10 & 11 briefly comprise a self-contained, single storey Office Suite offering a good and modern specification with carpeted floors, painted and plastered walls, beamed and vaulted ceilings with suspended LED lighting panels. The space is currently divided to provide 2 x kitchens, three office/meeting rooms and two Disabled/Unisex WC facilities. The Units will have use of 4 allocated car parking spaces provided to the frontage, with the Office Suite benefiting from super-fast broadband connection where a negotiable download speed is available to potential tenants.

Location

Buckminster is a highly attractive and sought-after Village between the Towns of Melton Mowbray, Grantham, Stamford and Oakham. The A1 is approximately 5 miles to the East providing easy access to the North and South of the Country.

The subject property is located within the established Office Courtyard known as Buckminster Yard with the Village having amenities to include a Public House, Village Hall and Shop.

Accomodation

The property has been measured on a net internal area basis:

Floor Description Sq M Sq Ft
Ground Unit 10 - Office Space 22.8 245
Ground Unit 10 - Kitchen 12.4 135
Ground Unit 11 - Office Space 54.1 582
Ground Unit 11 - Kitchen 2.5 27
Ground WC's - -
Total 91.8 989

Business Rates

Units 10 & 11 are assessed under the 2023 Rating List as Offices & Premises with a Rateable Value of £9,800.

Subject to certain criteria being met by the ingoing tenant, it is possible to claim up to 100% exemption from the payment of Non-Domestic Business Rates utilising the Government's Small Business Rates Relief Initiative. For further information regarding Business Rates and any reliefs applicable to the property, please contact Melton Borough Council. Tel: 01664 502502

Services

We understand that the property has connection to mains electricity, water and drainage.

Prospective tenants are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to making an offer to take a new lease in respect of this property.

Viewing

Strictly by prior appointment with the Sole Letting Agents:
Brown & Co
5 Oakwood Road Lincoln
LN6 3LH
Tel: 01522 457800

01522 457800 | lincoln@brown-co.com
William Gaunt
01522 504322
07919 694235
william.gaunt@brown-co.com

VAT

The rental terms and service charge quoted herein are exclusive of VAT at the prevailing rate. VAT will be charged on the rent and service charge payable.

Legal Costs

The ingoing tenant will be responsible for payment of 50% of the landlord's legal costs
associated with the preparation of the new lease.

Other

EPC RATING
Units 10 & 11 have an EPC Rating of B26 valid until 13th April 2033.

PLANNING
We understand that these Premises have an established planning consent falling under Use Class E covering Office & other uses. We would recommend that potentially interested parties contact the Planning Department at Melton Borough Council to discuss planning-related matters. Tel: 01664 502502

Terms

LEASE TERMS
The property is to be made available by way of a new effective full repairing and insuring lease (via service charge) for a minimum term of 3 years.

RENTAL TERMS
£10,000 per annum plus VAT.

Service Charge

The ingoing tenant will be expected to pay a service charge in addition to rent in respect of Units 10&11. The service charge for 2023 is understood to be £2.72 per sq.ft per annum plus VAT.

The service charge includes the tenant's contribution towards communal heating and
electricity costs together with those associated with water and drainage, buildings insurance, maintenance of common external areas to include landscaping and external redecoration, maintenance of the car park, fences and gates etc.

The tenant will be responsible for their own electricity usage which will be recharged by the landlord.

The tenant will only be responsible for the payment of Non Domestic Business Rates,
if appropriate, together with broadband and telephone to the Service Providers
concerned as and when required.