About this property

Detailed Description

A Lower Ground Floor Office Suite having two entrances, one is via a communal Entrance Lobby off Castlegate and the other a private entrance off East Street. The Suite is currently divided to create four Offices, Kitchenette, and WC's. The space is modern and benefits from lift access, suspended ceilings, inset lighting, carpet or hard flooring,entrance phone and air conditioning

Location

Grantham is a traditional Market Town in South Lincolnshire having a resident population of approximately 45,000 people with a wide catchment area. The A1 runs immediately to the West of the Town which also benefits from a main line rail connection to London Kings Cross with a journey time of approximately 80 minutes.

The Office Suite is located on the corner of Castlegate and East Street in a mixed Office & Residential area of the Town centre. Neighbouring occupiers include Duncan & Toplis Chartered Accountants and South Kesteven District Council.

Accommodation

The Office Suite has been measured on a net internal area basis.

Description | m2 | Sq.ft
Offices | 109.9 | 1,183
Kitchen | 3.2 | 34
WC's | - | -
Total NIA | 113.1 | 1,217

Business Rates

The Suite is assessed under the 2023 Rating List as an Office & Premises with a Rateable Value of £12,250.

Subject to the ingoing tenant meeting certain criteria, it is possible to claim up to 100% exemption from the payment of Non-Domestic Business Rates utilising the Government's Small Business Rate Relief Initiative. We would recommend that prospective tenants contact South Kesteven District Council regarding this matter Tel: 01476 406080.

Services

We understand that mains gas, electricity, water and drainage are connected to the subject property. Prospective tenants are advised to check upon the adequacy and provision of services within the relevant Statutory Authorities prior to making an offer to take a new lease in respect of this property

Viewing

For further information or to arrange a viewing please contact:

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

VAT

We understand that the property is elected for VAT

Legal Costs

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

Terms

LEASE TERMS
A new effective internal repairing lease is available for a minimum term of 3 years.

The rent excludes tenants contribution towards electricity, gas, water/drainage, external repairs and buildings insurance which are collected via service charge.

RENTAL TERMS
£13,000 per annum