About this property

Detailed Description

The property comprises a modern detached Industrial Unit with a gated and surfaced Yard on a site area of approximately 0.21 acres. The Unit is of steel portal frame construction with brick walls to the base with insulated metal cladding above to eaves height as well as to the pitched roof covering which also
contains translucent panels.

Internally the property comprises of an Entrance Lobby, 3 Offices, Kitchen, WC/Shower Room (Disabled), Stores & Warehouse/ Workshop on the Ground Floor with the First Floor comprising of 3 Offices, Ladies WC/Shower Room and a Mezzanine Store.

The Warehouse/Workshop benefits from a small Mezzanine, 2 x electric roller shutter doors to the front and rear elevations together with a 3 phase electricity supply, concrete floor and lighting. The Unit has a minimum eaves height of approx 5.0m and a maximum ridge height of approx 5.9m.

Externally there is a gated and surfaced Yard with security fencing surrounding the whole site

Location

Exchange Road 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 area basis and comprises as follows

Description | m2 | Sq.ft
Ground Floor - Warehouse/Workshop | 157.0 | 1,690
Ground Floor - 3 Offices, Stores, Kitchen & WC | 58.5 | 630
First Floor - 3 Offices & WC | 64.8 | 698
Mezzanine | 21.2 | 228
Total GIA (excluding Mezzanine) | 280.3 | 3,017

Business Rates

Having carried out an online search via the Valuation Office Agency website, we believe that Elite house is assessed under the 2023 Rating List as a Warehouse & Premises with a Rateable Value of £15,750.

We would recommend that prospective tenants contact North Kesteven District Council to ascertain the level of Business Rates payable in respect of the property. Tel: 01529 414155.

Services

We understand that the property is connected to mains 3 phase electricity, water and drainage.

We have not carried out any tests on any of the services or appliances present at the site and potential tenants should arrange for their own tests to ensure that services are adequate and in good working order prior to agreeing to take a new lease in respect of this property.

Viewing

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

James Cameron
01522 457172
07768 465753
james.cameron@brown-co.com

VAT

We understand that VAT will be charged on any rent agreed.

Legal Costs

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

Other

EPC
The property currently has an EPC rating of B39 which expires on the 22nd October 2035

TOWN AND COUNTRY PLANNING
Interested parties should make their own enquiries of North Kesteven District Council to ensure that their proposed use of the building is acceptable to the Local Planning Authority. Tel: 01529 414155.

Terms

LEASE TERMS
The property is available by way of a new effective full repairing and insuring lease for a minimum term of 3 years.

RENTAL TERMS
£32,000 per annum exclusive of VAT.