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28 Market Place, Lincolnshire
2,090 sq. ft. (194.17 sq. m.)
£15,000
Retail
  • Town Centre former Nightclub and Bar benefiting from planning permission for Use as A1 Retail, A3 Restaurant and A4 Bar
  • Premises recently refurbished and spread across the Basement and Ground Floor levels.
  • Located in the heart of the established Bar/Pub Circuit
  • Total net internal area approx. 194 square metres (2,090 square feet) New effective FRI lease available for 12 years subject to 3 yearly rent reviews and with the potential for break options.

The property briefly comprises the Ground Floor and Basement of this building which are fitted-out internally to suit use as either a Shop, Bar or Restaurant. The property has planning consent for all of these uses and has considerable character with exposed brick barreled ceilings to part of the Basement together with exposed brick walls to part. Ceiling-mounted electric air condition/heating units are provided at both Ground and Basement levels and WC facilities are also present on both floors with disabled provision at Ground Floor level.

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About this property

Detailed Description

The property briefly comprises the Ground Floor and Basement of this building which are fitted-out internally to suit use as either a Shop, Bar or Restaurant. The property has planning consent for all of these uses and has considerable character with exposed brick barreled ceilings to part of the Basement together with exposed brick walls to part. Ceiling-mounted electric air condition/heating units are provided at both Ground and Basement levels and WC facilities are also present on both floors with disabled provision at Ground Floor level.

Location

Grantham is an established Market Town in South Lincolnshire having a population of approximately 38,000 people and with a large catchment area. The town is situated approximately 23 miles east of Nottingham and 25 miles south of Lincoln and the A1 runs immediately to the west of the town providing excellent road communications with Grantham also benefiting from a mainline rail connection to London Kings Cross with the journey time of approximately 75 minutes.

The subject property comprises the Ground Floor and Basement of this character town centre property located in the heart of the established Bar/Pub/Nightclub circuit and in close proximity to a number of public car parks.

Accommodation

The property the following accommodation and has been measured on a net internal area basis:

Floor Description Sq M Sq Ft
Basement Former Bar and Disco Area 134 1,442
Basement Store 9 99
Basement Ladies and Gentlement's WC
Ground Former Bar 51 549
Ground Disabled WC
Ground Former Cellar/Bottle Store
Ground Former Wash-up Area
TOTAL 194 2,090

Business Rates

The property is currently assessed under the 2017 Rating List as a Shop and Premises with a Ratable Value of £17,500.

Further information regarding the level of Business Rates payable can be obtained via South Kesteven District Council Tel: 01476 406080.

Services

We understand that the property has connection to mains electricity, water and drainage and that mains gas may be available in this location but is not currently connected to the subject 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 in respect of this property.

Viewing

For further information, or an appointment to view this property, please contact:

Brown & Co
5 Oakwood Road
Lincoln
LN6 3LH

Tel 01522 457173

VAT

We understand that our client will charge VAT upon any rent to be paid under the terms of any new lease negotiated.

Legal Costs

Each party will be responsible for their own legal costs incurred in the preparation of the new lease.

Other

PLANNING
The property was previously used as a Bar and Premises and as such has an established use falling under Use Class A4 the Use Class Order 2018. This Use Class allows the property to also be used for any use falling under Use Classes A1 (Retail), A2 (Estate Agency and Professional Services), A3 (Restaurant/Café) together with A4 (Bar/Public House).

We understand that 28 Market Place is a Grade II Listed structure and is situated within the established town centre Conservation Area.

Tenants are advised to make their town enquiries in respect of planning-related matters via The Planning Department at South Kesteven District Council Tel: 01476 406080.



Terms

A new full repairing and insuring lease. Lease terms to be negotiated and subject to the proposed Tenant showing adequate financial standing to our client.

We are quoting a revised rent of £15,000 per annum exclusive of VAT in respect of this property.

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To arrange a viewing contact

Brown&CoJHWalter, 5 Oakwood Road, Lincoln, Lincolnshire, LN6 3LH

07468 758887

01522 457173

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