About this property

Detailed Description

A Lower Ground Floor Office/Storage Unit with predominantly painted plaster walls, painted plaster ceilings, strip fluorescent lighting and part carpeted, part vinyl and part painted concrete floors.

The majority of the Unit has been divided by stud-wall partitioning to create an Entrance Hallway, 8 Offices/Stores and a Kitchen. An ingoing tenant will have use of shared WC facilities on the Ground Floor and 1 non demised car parking space within the communal Car Park on site.

Location

Grantham is an established Market Town in South Lincolnshire being approximately 23 miles East of Nottingham and 25 miles South of Lincoln and having a residential population of approximately 38,000 people with a large catchment area.  The A1 runs immediately to the West of the Town providing excellent road communications and the Town also benefits from a main line rail connection to London Kings Cross with a journey time of approximately 75 minutes.

The Premises are situated at The Old Malthouse on Springfield Road.  The Old Malthouse is in an established Commercial location with a number of Offices, Stores and Workshops on site.  Springfield Road is primarily a Residential area but provides good access to both the A607 and the A52.

Accommodation

We have measured the unit in accordance with IPMS3 and it provides 236.7 sq. m (2,548 sq ft) of accommodation.

Business Rates

Having carried out an online search via The Valuation Office Agency website, we believe that Unit 3 The Old Malthouse is assessed under the 2023 Rating List as a Workshop & Premises with a Rateable Value of £8,700. The Rateable Value from April 2026 will be £8,700.

Subject to the ingoing tenant meeting certain criteria, it is possible to claim up to 100% exemption from the payment of Business Rates utilising the Government's Small Business Rate Relief Initiative. We would recommend that prospective tenants contact South Kesteven District Council to ascertain the level of Business Rates payable in respect of the property and the potential for claiming exemption for part or all of the liability. Tel: 01476 406080.

Services

We understand that mains electricity, water, drainage and gas are connected to the property.  Prospective tenants are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to making an offer to take a new lease.  There is a single metered water supply to the Estate, and the tenant will reimburse the landlord a fair proportion of the total cost incurred by the landlord.  

Viewing

Brown & Co
William Gaunt Nathan Roe
07919 694235 07788 795900
01522 504322 01522 457175
william.gaunt@brown-co.com nathan.roe@brown-co.com

VAT

All prices quoted will be subject to VAT at the prevailing rate.

Legal Costs

The ingoing tenant will be responsible for our fee for producing The Law Society Business lease for a term of up to 3 years which will be £350 + VAT.

Other

MAINTENANCE RENT AND BUILDING INSURANCE
The tenant covenants to pay on demand a maintenance rent equal to 10% of the rent towards the cost of the landlord providing services to The Old Malthouse. In addition to maintenance rent, the ingoing tenant will be liable for a fair proportion of the Estate's insurance premium and will be recharged annually.

EPC
The property has an EPC rating of D81.

Terms

LEASE & RENTAL TERMS
The property is available at the quoting rent of £8,000 per annum exclusive. The rent is exclusive of building insurance, maintenance rent, water, electricity, gas and Business Rates.