About this property

Detailed Description

An end terraced 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 has 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 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 on a Gross Internal Area Basis and it provides the following accommodation:

Description | Sqft | Sqm
Industrial/Storage, Office, Kitchen & WC| 1,453| 135.0
Total GIA | 1,453| 135.0

Business Rates

Having carried out an online search via The Valuation Office Agency website, Unit 22 is assessed under the 2023 Rating List as a Workshop & Premises with a Rateable Value of £7,100.

Subject to the ingoing tenant meeting certain criteria, it is possible to claim up to 100% exemption from the payment of Business Rates utilising the Government's Small Business Rate Relief Initiative.

We would recommend that prospective tenants contact South Kesteven District Council to ascertain the level of Business Rates payable in respect of the property and the potential for claiming exemption for part or all of the liability. Tel: 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 via a maintenance rent charge.

Viewing

Strictly by appointment with the Sole Letting Agent:
Brown & Co William Gaunt
5 Oakwood Road 01522 504322
Lincoln 07919 694235
LN6 3LH william.gaunt@brown-co.com

VAT

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

Legal Costs

The ingoing tenant will be responsible for our legal fees for producing the Law Society Business Lease which are £395 + VAT.

Other

MAINTENANCE RENT AND BUILDING INSURANCE
The tenant will pay 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 buildings insurance premium and will be recharged annually.

The property has an EPC Rating of E105 which expires on the 25th May 2031.

Terms

LEASE & RENTAL TERMS
A new full repairing and insuring lease is available on terms to be agreed.

The property is available at a rent of £10,250 per annum exclusive.