About this property

Detailed Description

The property comprises four modern and presently interconnecting industrial units currently used as Warehousing, Trade Counter and Offices. Units 4, 5 & 6 (Gem House) were constructed circa 2017 and Unit 6a (rear extension) was constructed circa 2020.

The Units are of steel portal framed construction, with reinforced concrete roof gantries to Units 4, 5 and 6, and brick and block elevations with profile sheet cladding to the upper side elevations and roofs. Each Unit has roller shutter door access of polished concrete floors. The maximum eaves heights range from 4.5 metres in Units 4, 5 & 6 to 6.75 metres in Unit 6a. Unit 6 incorporates well specified two storey air-conditioned Offices to the front including a full height Atrium Reception Lobby.

Externally there is a fully-fenced, tarmacadam surfaced Yard plus car parking for 18 cars (including 4 disabled spaces). The Units are currently interconnected and used by one tenant but there is potential for the Units to be let separately, as originally constructed, or as a combination of Units

Location

Saxilby is a large Village located approximately 5 miles West of the City of Lincoln.

Riverside Enterprise Park is an established Commercial location situated just off the A57 Trunk Road which links the City of Lincoln with the Town of Gainsborough and the A1 at Markham Moor approximately 12 miles away.

Accommodation

The Units have measured on gross internal area basis and comprises as follows:

Description | m2 | Sq.ft
Unit 4 - Industrial/Warehouse/Trade Counter | 192.8 | 2,075
Unit 5 - Industrial/Warehouse/Trade Counter | 155.4 | 1,673
Unit 5 - Office | 37.3 | 402
Unit 6 (Gem House) - Industrial/Warehouse | 311.7 | 3,355
Unit 6 - Ground Floor Offices | 98.5 | 1,060
Unit 6 - First Floor Offices | 70.4 | 758
Unit 6 - Mezzanine Stores | 21.5 | 231
Unit 6A - Industrial/Warehouse | 300.4 | 3,233
Total GIA | 1,188 | 12,787

Business Rates

Unit 4 is assessed under the 2023 Rating List as a Workshop and Premises with a Rateable Value of £11,250.

Unit 5 is assessed under the 2023 Rating List as a Workshop and Premises with a Rateable Value of £12,500.

Unit 6 is assessed under the 2023 Rating List as a Workshop and Premises with a Rateable Value of £21,750.

Unit 6a does not appear to be assessed.

We would recommend that prospective tenants contact West Lindsey District Council regarding the level of Business Rates payable and any Reliefs available Tel: 01427 676676.

Services

We understand that the Units are connected to mains 3 phase electricity, drainage and water.

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 any of the properties.

Viewing

For further information or to arrange a viewing please contact:

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 payable.

Legal Costs

Each party will be responsible for their own legal fees.

Other

EPC
Unit 4 has an EPC rating of B33, valid until 08/02/2027.
Unit 5 has an EPC rating of B36, valid until 10/03/2027.
Unit 6 (Gem House) has an EPC rating of B35, valid until 08/02/2027.
Unit 6A - TBC

TOWN AND COUNTRY PLANNING
We understand that the Units are suitable for Industrial/Warehouse/Trade Counter uses, now covered by Use Class E. Interested parties should make their own enquiries of West Lindsey District Council Tel: 01427 676676 to ensure that their proposed use of any of the properties is acceptable to the Local Planning Authority.

Terms

RENTAL TERMS
We are offering the Units individually or combined at the following asking rents:

Unit 4 - £20,000 per annum.
Unit 5 - £20,000 per annum.
Unit 6 (Gem House) - £50,000 per annum.
Unit 6A - £25,000 per annum.
Units 4, 5, 6 & 6A combined: £100,000 per annum

LEASE TERMS
The Units are made available by way of new effective full repairing and insuring leases for minimum terms of 3 years.