About this property

Detailed Description

10-12 Watergate briefly comprises a mid-terraced 3 storey property in a parade of similar properties constructed during the 1960's.

The property has previously been used for Retail and Gymnasium purposes and has LED lighting throughout together with a fire alarm system. There is a rear access into the property at Ground Floor level for loading purposes should this be required.

The Ground Floor Retail element of the property is substantially larger than the two Upper Floors making it suitable for a wide variety of uses.

Location

Grantham is an established Market Town in South Lincolnshire being approximately 23 miles East of the City of Nottingham and 25 miles South of the City of Lincoln and having a resident population of approximately 38,000
people with a large catchment area.

The A1 runs immediately to the West of the Town providing excellent road communication links with Grantham also having a main line rail connection to London Kings Cross with a journey time of approximately 75 minutes.

Watergate is a Town Centre location being home to many Retail and Food Outlets together with Estate Agency Branches. A large Public Pay & Display Car Park is also located within 100 metres of the subject property.

Accomodation

The property provides the following accommodation and has been measured on a net internal area basis:-

Floor Description Sq M Sq Ft ITZA Sq M ITZA Sq Ft
Ground Retail Premises 184.83 1,990 109.90 1,183
First Stores (3 Rooms) 65.15 691 3.21 35
Second Store (1 Room) 18.94 204 0.63 7
Second Showers & WC's
TOTAL 268.92 2,885 113.74 1,225

Business Rates

The property is assessed under the 2017 Rating List as a Shop & Premises with a Rateable Value of £21,000.

Potential tenants should contact South Kesteven District Council regarding the level of Business Rates payable in respect of this property. Tel: 01476 406080.

Services

We understand that the property is connected to mains electricity, water and drainage. We understand that mains gas is available in this location but is not currently connected to the subject property.

Prospective tenants are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to making a commitment 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

James Cameron
01522 457172
07768 465753
james.cameron@brown-co.com

VAT

The rental terms quoting herein are exclusive of, but may be liable to VAT at the prevailing rate.

Legal Costs

Each party will be responsible for their own legal costs incurred in respect of any new lease negotiated.

Other

TOWN & COUNTRY PLANNING

The property has been used in the past for Retail and Gymnasium purposes. The last planning consent granted was for D2 Gymnasium Use in 2019 which would now be covered by Use Class E(d) of The Use Classes Order 2020 which came into force on 1st September 2020.

For further information in respect of planning-related matters, prospective tenants are advised to make their own enquiries via The Planning Department at South Kesteven District Council. Tel: 01476 406080.

EPC RATINGS

The property has a current and compliant EPC Rating of C61.

Terms

RENT

We are quoting £21,500 exclusive of VAT at the appropriate rate for the property.

LEASE TERMS

The property is to be made available by way of a new effective full repairing and insuring lease for a term to be agreed.