About this property

Detailed Description

The Unit briefly comprises a modern, Industrial/Storage Unit of steel portal frame construction with brick and block walls to the base and with profiled and insulated metal cladding above to eaves height as well as to the pitched roof covering. The Unit benefits from an electric roller shutter door together with a 3-
phase electricity supply and a disabled/unisex WC facility. The eaves height is approximately 5 metres (16 ft 6 inches). The Unithas 3 designated parking spaces.

Location

Exchange Business Park is located off Doddington Road which leads from the A46 which bypasses the City of Lincoln. The surrounding area is predominately Commercial in nature and home to many of the City's Manufacturing and Logistical Businesses.

Accommodation

The property has been measured on a gross internal basis

Description | Sqft | Sqm
Industrial/Storage Unit| 83.6 | 900

Business Rates

Having carried out an online search via The Valuation Office Agency website, Unit 6B is assessed under the 2023 Rating List as a Workshop & Premises with a Rateable Value of £5,000.

Subject to the ingoing tenant/purchaser 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 Relieve Initiative.

We would recommend that prospective tenants/purchasers contact Lincoln City 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: 01522 881188.

Services

We understand that the Unit is connected to mains electricity (3 phase), water and drainage. Prospective tenants/purchasers are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to making an offer to purchase or take a new lease.

Viewing

For further information or to arrange a viewing please contact:

Brown & Co William Gaunt
5 Oakwood Road 01522 504322
Lincoln, LN6 3LH 07919 694235
01522 457800 william.gaunt@brown-co.com

VAT

We have been informed that the landlord has elected to charge VAT on the rent and purchase price

Legal Costs

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

Other

TOWN AND COUNTRY PLANNING
We understand that the Unit now falls under Use Class E of The Use Classes Order 2020. For further information in respect of planning related matters, potential tenants/purchasers are advised to contact the Planning Department at Lincoln City Council Tel: 01522 881188.

EPC
The property has an EPC Rating of D84.

Terms

GUIDE PRICE
The asking rent for the unit is £7,500 P.A.X
The asking price for the freehold interest is £135,000

LEASE & RENTAL TERMS
Unit 6B Exchange Business Park is to be made available by way of a new effective full repairing and insuring lease for a term to be negotiated.