About this property

Detailed Description

An end of terrace industrial/storage unit that provides good open space with loading through a roller shutter door . The unit is of steel framed construction with part bricked walls covered with asbestos sheet cladding to the walls and roof. The unit benefits from a concrete floor, strip lights and has a kitchen, WC, and office to the rear.

Location

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

The A1 runs immediately to the west of the town providing excellent road communications and the town also benefits from a main line rail connection to London Kings Cross with a journey time of approximately 75 minutes.

The premises are situated at the Old Malthouse on Springfield Road. The Old Malthouse is in an established commercial location with a number of offices, stores and further workshops on site. Springfield Road is primarily a residential area but provides good access to both the A607 and the A52.

Accommodation

We have measured the unit in accordance with IPMS3 and it provides 49.7 sq m (534 sq ft) of accommodation.

Description | m2 | Sq.ft
Industrial/Storage | 88.4 | 952
Office, Kitchen & WC | 18.8 | 202
Total NIA | 107.2 | 1,154

Business Rates

Small Business Rates Relief may be available on this property for qualifying occupiers. For further information relating to Business Rates please contact South Kesteven District Council on 01476 406080.

Services

We understand that mains electricity and water is connected to the property. 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. There is a single metered water supply to the Estate, and the tenant will reimburse the landlord a fair proportion of the total cost incurred by the landlord. The charge is payable by the tenant as if it were rent and is recoverable.

Viewing

Strictly by appointment with the Sole Letting Agent:

For further information or to arrange a viewing please contact:

William Gaunt
Brown & Co
5 Oakwood Road
Lincoln
LN6 3LH
mobile: 07919 694235
william.gaunt@brown-co.com

VAT

All prices quoted will be subject to VAT at the prevailing rate.

Legal Costs

As is usual the ingoing Tenant will be responsible for our client's reasonable legal fees incurred in this transaction. For leases under 3 years, our fee for producing the agreement is £395 +VAT.

Other

EPC
The property has an EPC rating of E110 which expires on the 14th October 2029.

MAINTENANCE RENT AND BUILDING INSURANCE
The tenant covenants to pay on demand a maintenance rent equal to 10% of the rent passing towards the cost of the landlord providing the services to The Old Malthouse. In addition to maintenance rent, the ingoing tenant will be liable for a fair proportion of the estate's insurance premium and will be recharged annually.

Terms

LEASE & RENTAL TERMS
A new full repairing and insuring lease is available on terms to be agreed at the quoting rent of £7,500 per annum.

RENT
The property is available at the quoting rent of £7,500 per annum exclusive. The rent is exclusive of building insurance, water, gas, electricity, and Business Rates which the tenant will be responsible for the payment of direct.