About this property

Detailed Description

Units 5-7 Ruston Road briefly comprises three detached structures, being two Workshops with the remaining building being a detached single-storey Office. We believe the site has been developed from the early 1970's onwards. The three buildings are well-presented throughout and capable of immediate occupation and benefit from 3 phase electricity with the two Workshops having overhead craneage having capacities of 3 tonnes and 5 tonnes respectively. The site has CCTV coverage and there is extensive concrete Yardage and Car Parking to the perimeter.

Workshop eaves heights range from 3.30m (10' 9") to 6.30m (20' 8").
property.

Location

Grantham is an established Market Town in South Lincolnshire being approximately 23 miles East of the City of Nottingham and 25 miles South of the City of Lincoln.

The Town has a resident population of approximately 38,000 people and the A1 runs immediately to the West of the Town providing excellent road communications. The Town also has a main line rail connection to London Kings Cross with a journey time of approximately 75 minutes.

Ruston Road is situated within the heart of the established Alma Park Industrial Estate which is home to many of the Town's Manufacturing and Logistical Businesses.

Accomodation

In terms of gross internal area, the accommodation comprises as follows:

Building Sq M Sq Ft
Workshop 1 (5 tonne crane) 524.2 5,643
Workshop 2 (3 tonne crane) 668.3 7,193
Detached Office Building 174.9 1,883
Mezzanine Offices & Stores 89.1 959
TOTAL 1,456.5 15,678

Business Rates

We believe that the properties are assessed as 3 separate Rating Assessments under the 2023 Rating List and have the following descriptions and Rateable Values:

5 Ruston Road - Workshop & Premises - RV £22,500
5a Ruston Road - Workshop & Premises - RV £7,200
7 Ruston Road - Workshop & Premises - RV £28,500

For further information in respect of the level of Business Rates payable in respect of these properties, prospective purchasers should contact South Kesteven District Council. Tel: 01476 406080.

Services

We understand that the properties are connected to mains electricity (with 3 phase supply), water and drainage. We understand that mains gas is not available in this location.

We have not carried out any tests of any of the services or appliances present at the properties and any potential tenant should arrange for their own tests to ensure that any services are adequate and in working order before committing to take a new lease in respect of the properties described herein.

Viewing

VIEWING AND FURTHER INFORMATION
Strictly by prior appointment with the Sole Letting Agents:

Brown & Co
5 Oakwood Road Lincoln
LN6 3LH
Tel: 01522 457800

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

William Gaunt
01522 457182
07919 694235
william.gaunt@brown-co.com

VAT

We understand that VAT will be charged upon the rent to be paid under the terms of the existing lease.

Legal Costs

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

Other

EPC RATINGS

The Workshop accommodation has an EPC Rating of D81 with the Office space having an EPC Rating of D94. Both EPC's were produced in March/April 2022.

Terms

PRICE

The freehold interest in the property is available at an asking price of £800,000. Vacant possession will be granted upon completion.

TOWN & COUNTRY PLANNING

The property has been used for a number of years as Workshops and Offices and as such should have an established use now falling under Use Class E of The Use Classes Order 2020.

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