About this property

Detailed Description

Units 10 & 11 briefly comprise a self-contained, single storey Office/ Retail Unit offering a good and modern specification with laminate flooring, painted and plastered walls, beamed and vaulted ceilings with suspended LED lighting panels. The space is currently divided to provide a large open plan Sales Area/Office, 2 x kitchens and two Disabled/Unisex WC facilities. The Units will have use of 4 allocated car parking spaces provided to the frontage, with the Unit benefiting from super-fast broadband connection where a negotiable download speed is available to potential tenants. The Units could potentially be divided to create two separate Units if required.

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 and Retail Courtyard know as Buckminster Yard. The village has various amenities including a Public House/Restaurant, Village Hall, Primary School and a Shop. There are various established retail businesses operating in the businesses operating in the village including a Picture Framers, Coffee Barn/Shop, Sculptor, Haberdashery, Financial Adviser and Furniture Store.

Accommodation

The property has been measured on a net internal area basis:

Description | M2 | Sq.ft
Ground Floor Unit 10 - Office Space | 22.8 | 245
Ground Floor Unit 10 - Kitchen | 12.4 | 135
Ground Floor Unit 11 - Office Space | 60.2 | 647
Ground Floor Unit 11 - Kitchen | 2.5 | 27
Ground Floor - WC's | - | -
Total NIA | 97.5| 1,049

Business Rates

Units 10 & 11 are assessed under the 2023 Rating List as Offices & Premises with a Rateable Value of £9,800.

Services

We understand that the property has connection 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 property.

Viewing

For further information or to arrange a viewing please contact:

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

VAT

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

Legal Costs

The ingoing tenant will be responsible for payment of 50% of the landlord's legal costs associated with the preparation of the new lease.

Other

EPC
Units 10 & 11 have an EPC Rating of B26 valid until 13th April 2033.

SERVICE CHARGE
The ingoing tenant will be expected to pay a service charge in addition to rent in respect of Units 10&11. The service charge for 2025 is understood to be £3.67 per sq. ft per annum plus VAT.

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

The tenant will be responsible for their own electricity usage which will be recharged by the landlord.

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

TOWN AND COUNTRY 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
£12,000 per annum plus VAT.