About this property

Detailed Description

Unit 32 briefly comprises a newly-built, mid-terraced Industrial / Warehouse Unit of steel portal frame construction with brick and block external walls to a height of approximately 2 metres with profiled and insulated metal cladding above to eaves height as well as a pitched and insulated profiled metal roof covering containing translucent roof light panels. The Unit benefits from a 3-phase electricity supply, electric roller shutter door access from the front elevation and a disabled / unisex WC facility to one corner. Subject to acceptable lease and rental terms being offered by a suitable tenant, the landlord may contribute towards installation of lighting within the unit.

Location

Lincoln Enterprise Park is an established Commercial location accessed directly off the A46 Dual Carriageway between Lincoln & Newark and approximately 1 mile from the roundabout at South Hykeham.

Lincoln is a Cathedral City with an urban population of approximately 130,000 people as of the 2011 Census. The City is located approximately 33 miles North East of the City of Nottingham, 41 miles South East of the City of Sheffield and 48 miles North of the City of Peterborough.

Accommodation

Unit 32 has been measured on a Gross Internal Area basis and comprises as follows:

Description | m2 | Sq.ft
Industrial/Warehouse Unit | 162.9 | 1,754
Total NIA | 162.9 | 1,754

Business Rates

Unit 32 is assessed under the 2023 Rating List as a Workshop & Premises with a Rateable Value of £12,500.

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 North Kesteven Council to ascertain the level of Business Rates payable in respect of the property and the potential for claiming exemption from part or all of the liability. Tel: 01529 414155.

Services

We understand that Unit 32 is connected to mains electricity (with 3- phase supply), 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

For further information, or to arrange an accompanied viewing please contact the Sole Letting Agents:

Brown & Co
5 Oakwood Road
Lincoln, LN6 3LH
01522 547800

James Cameron
07768 465753
james.camerson@brown-co.com

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

VAT

We understand that VAT will be payable upon the rent to be paid under the terms of any new lease negotiated.

Legal Costs

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

Other

EPC
Unit 32 has an EPC Rating of B48 which is valid until 27th August 2034

Terms

LEASE TERMS
Unit 32 Lincoln Enterprise Park is to be made available by way of a new effective full repairing and insuring lease for a minimum initial lease term of 3 years.

RENTAL TERMS
Unit 32 is available at a highly competitive rent of £14,500 per annum plus VAT at the appropriate rate equating to £8 per sq ft.

Subject to acceptable lease and rental terms being offered by a suitable potential ingoing tenant, the landlord may grant an initial rent-free period to the new tenant.