About this property

Detailed Description

Unit 5 briefly comprises a self-contained First Floor Office Suite situated within a high quality converted older building and providing a good and modern specification to include lift, vaulted and beamed ceilings, heating via Biomass boiler, carpeted floor coverings, LED sensor lighting panels, dedicated Kitchen and WC facilities to include Disabled provision. There are also several glazed cellular Offices providing privacy and 4 allocated Car Parking spaces to the frontage with the property also benefiting from super-fast Broadband connection where a negotiable download speed is available to potential tenants.

Location

Buckminster is a highly attractive and sought-after Village between the Towns of Melton Mowbray, Grantham, Stamford and Oakham. The A1 is approximately 5 miles to the East providing easy access to the North and South of the Country.

The subject property is located within the established Office Courtyard known as Buckminster Yard with the Village having amenities to include a Public House, Village Hall and Shop.

Accommodation

The Office Suite has been measured on a net internal area basis and comprises as follows:

Floor Description Sq M Sq Ft
First Office Suite 108 1,162

Business Rates

Unit 5 at Buckminster Yard is assessed under the 2017 Rating List as Offices & Premises with a Rateable Value of £10,500. This will rise to £11,000 with effect from 1st April 2023.

Subject to certain criteria being met by the ingoing tenant, 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. For further information regarding Business Rates and any reliefs applicable to the property please contact Melton Borough Council. Tel: 01664 502502.

Services

We understand that the property is connected to mains electricity, water and drainage.

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 in respect of this Office Suite

Viewing

Strictly by prior appointment with the Sole Selling Agents:

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

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

VAT

The rental terms and service charge quoted herein are exclusive of VAT at the prevailing rate. VAT will be charged upon the rent to be service charge payable.

Legal Costs

The ingoing tenant will be expected to contribute 50% towards the landlord's legal costs incurred in the preparation of the new lease.

Other

EPC RATING
Unit 5 has an EPC Rating of A25.

PLANNING
We understand that these Premises have an established planning consent falling under Use Class E covering Office & other uses. We would recommend that potentially interested parties contact the Planning Department at Melton Borough Council to discuss planning-related matters. Tel: 01664 502502.

Terms

LEASE TERMS
The property is to be made available by way of a new effective full repairing and insuring lease (via service charge) for a minimum term of 3 years.

RENTAL TERMS
£12,800 per annum plus VAT.

Service Charge

The ingoing tenant will be expected to pay a service charge in addition to rent in respect of Unit 5 which for the financial year ending 31st December 2022 was £5,460 plus VAT. The 2023 budget is currently being finalised.

The service charge includes the tenant's contribution towards all heating and electricity costs together with those associated with water and drainage, buildings insurance, maintenance of common external and internal areas to include landscaping and external redecoration, maintenance of car park, fences and gates etc.

The tenant will therefore only be responsible for the payment of Non-Domestic Business Rates, if appropriate, together with Broadband and telephone charges to the Service Providers concerned as and when required.