About this property

Detailed Description

Units 1&2 Partnership House briefly comprise a end- terraced Industrial Unit which we believe were constructed in the early 1980's of steel portal frame construction with brick external elevations under pitched and insulated roof covering. The eaves height is approximately 4.30m (14 ft).

Internally the Unit comprises of a Workshop with modern Offices/Showroom and a WC. The Workshop has a manual roller shutter door, concrete floor and lighting.

Shared Yardage and Car Parking is provided to the perimeter of the Units forming Partnership House.

Location

Partnership House is located off Withambrook Park which is situated on the outskirts of the established Alma Park Industrial Estate close to the edge of the Market Town of Grantham in South Lincolnshire which has a residential population of approximately 38,000 people and where the A1 runs to the West of the Town providing excellent road communications. The Town also benefits from a Main Line Rail Connection to London Kings Cross with a fastest journey time of approximately 80 minutes.

Accommodation

Units 1&2 have been measured on a gross internal area basis and comprises as follows:

Description | Sq ft | Sq m
Industrial Unit with Offices/Showroom & WC | 1,309 | 122.0

Business Rates

Units 1&2 are assessed under the 2023 Rating List as a Workshop and Premises with a Rateable Value of £6,200.

Subject to the prospective new tenant meeting certain criteria, it is possible that up to 100% exemption from the payment of Non Domestic Business Rates could be claimed in respect of either property utilising the Government's Small Business Rate Relief Initiative.

For further information in respect of the level of Business Rates payable and regarding the potential for claiming exemption from part or all of the liability, please contact South Kesteven District Council. Tel: 01476 406080.

Services

We understand that the property is connected to mains electricity (single phase), water and drainage. We understand that mains gas is not available in this location.

We have not carried out any tests on any of the services or appliances within the property and prospective tenants are advised to arrange for their own tests to ensure that the services and utilities are in good working order prior to making a commitment to take a new lease in respect of the property.

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

VAT

We understand that VAT will be charged on the rent.

Legal Costs

The ingoing tenant will pay the sum of £300 plus VAT to Brown & Co who will draft the Law Society Business Lease on behalf of the landlord in respect of any letting negotiated for an initial term of 3 years.

Other

TOWN AND COUNTRY PLANNING
Units 1&2 have previously been used as a Workshop and should therefore have an established use now covered by Use Class E of The Use Classes Order 2020.

We would recommend that potential tenants make their own planning-related enquiries via The Planning Department at South Kesteven District Council. Tel: 01476 406080.

EPC
Units 1&2 have an EPC Rating of TBC.

Terms

LEASE TERMS
Units 1&2 are to be made available by way of a new effective full repairing and insuring lease for an initial term of 3 years.

RENTAL TERMS
£9,800 per annum exclusive of VAT at the appropriate rate

MAINTENANCE RENT AND BUILDING INSURANCE
A monthly Maintenance Rent of 10% of the rent plus VAT will be payable by the ingoing tenant to the landlord via Brown & Co as their Managing Agents to cover a proportion of the landlord's costs associated with maintaining the common external areas at Partnership House. Buildings insurance will also be payable by the ingoing tenant to the landlord annually in advance via Brown & Co who will be able to confirm the current premium appropriate to the property to potential tenants.