About this property

Detailed Description

Unit 2 Tollemache Road South is currently under construction and due for completion by the end of June 2023.

The property is of steel portal framed construction with insulated cladding to all external elevations as well as the roof covering which will also contain translucent roof lighting panels which will house Solar PV panels. The property will have an eaves height of approximately 5.50 metres (18') and will have a gross internal area (from Architects Plans supplied to us) of 4,521 sq ft (420 sq m). A personnel door will be installed on one side of the front elevation with an electric 3.60m by 3.60m sectional loading door to the other side and where aluminum framed and double glazed window openings will be installed at two levels to the front elevation allowing the ingoing tenant to install their own Office and Ancillary Accommodation to suit their own requirements. Our clients will install DDA Compliant WC facilities are well as a basic Kitchenette within the main space.

Unit 2 will have a floor loading capacity of 35 KN and a 3 phase electricity supply will be provided together with ducting within the Car Park for the installation of EV Charging Points. LED lighting will be provided as part of the build process to the main space.

Externally, the detached structure will benefit from its own Yard and Car Parking with the site to be enclosed by 1.8m high mesh fencing and with a gated access also to be provided.

Location

Grantham is an expanding Market Town in South Lincolnshire with a resident population of approximately 38,000 people being approximately 23 miles East of the City of Nottingham and 25 miles South of the City of Lincoln. The A1 runs to the West of the Town and it also benefits from a Main Line Rail Connection to London Kings Cross with a journey time of approximately 75 minutes.

Tollemache Road South is located off Spittlegate Level which is home to the majority of Grantham's Car Dealerships along with Industrial and Warehouse Premises. The property is situated within 0.5 miles of the Southbound carriageway of the A1 and within similar distance of the newly-constructed Northbound link to the A1 which is due to be opened shortly. The proposed Grantham Retail Outlet Village is located within 0.5 miles of the subject property which is also in close proximity is a proposed Logistics Hub where terms have been agreed with the landowner for the construction of additional large Warehousing facilities.

Accommodation

From Architects Plans submitted to us, we understand that Unit 2 Tollemache Road South will have a gross internal area upon completion of 4,521 sq ft (420 sq m).

Business Rates

The property will be assessed for Non Domestic Business Rates upon completion. The Billing Authority is South Kesteven District Council. Tel: 01476 406080.

Services

We understand that Unit 2 upon completion will be connected to mains electricity (with 3 phase supply), water and drainage.

We have not carried out any tests on any of the services or appliances believed to be connected to the property and potential tenants should arrange for their own tests to be completed once the building has been constructed to ensure that any services and appliances are adequate and in good working condition before committing to take a new lease in respect of the property described herein.

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

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

VAT

We understand that VAT will be charged upon the rent to be paid by the ingoing tenant.

Legal Costs

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

Other

EPC RATING
An EPC will be provided by our landlord client upon completion of the build process due to occur at the end of March 2023.

PLANNING
Planning consent was granted on 10th May 2022 under Reference S22/0285 for the erection of this and an adjacent property by our clients. Further enquiries can be made via The Planning Department at South Kesteven District Council. Tel: 01476 406080.

Terms

LEASE TERMS
Unit 2 will be made available upon completion by way of a new effective full repairing insuring lease for a minimum initial term of 10 years where the lease will be subject to an upward-only rent review at the end of Year 5.

RENT
£38,500 per annum exclusive of VAT.