About this property

Detailed Description

The property comprises a mid-terraced Retail Unit spread over two floors. Internally, the ground floor has an open-plan sales area of approximately 2,472 sq. ft with a plant room, lift and store to the rear. The first floor is divided to create two large stores, 5 x WC's and a kitchen. The second floor has been closed off and there is rear servicing.

Location

Grantham is an established Market Town in South Lincolnshire being approximately 23 miles East of the City of Nottingham and 25 miles South of the City of Lincoln and having a resident population of approximately 38,000 people with a large catchment area.

The A1 runs immediately to the West of the Town providing excellent road communication links with Grantham also having a main line rail connection to London Kings Cross with a journey time of approximately 80 minutes.

48a High Street occupies a prime Retail pitch with adjacent occupiers including B&M Bargains, Melton Building Society and WHSmith.

Accomodation

Description m2 Sq.ft ITZA
Ground - Sales Zone A 43.9 473 473
Ground - Sales Zone B 43.9 473 237
Ground - Sales Zone C 43.9 473 118
Ground - Sales Zone D 97.9 1,054 132
Ground - Store 6.4 69 7
Ground - Plant Room - - -
First - Stores 189.2 2,037 102
First - Kitchen 14.0 151 7
First - WC's - - -
Total NIA 439.2 4,661 1,076

Business Rates

The property is assessed under the 2023 Rating List as a Shop and Premises with a Ratable Value of £40,000.

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 entering into a commitment to take a new lease in respect of this property.

Viewing

For further information or to arrange a viewing please contact:

William Gaunt
01522 504322
07919 694235
william.gaunt@brown-co.com

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

VAT

The rent quoted will be subject to VAT at the prevailing rate.

Legal Costs

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

Other

TOWN AND COUNTRY PLANNING
The property was previously used as a Retail Unit and as such should have an established planning consent now covered by Use Class E of The Use Classes Order 2020.

For further information in respect of planning-related matters, prospective tenants are advised to make their own enquiries via The Planning Department at South Kesteven District Council. Tel: 01476 406080.

EPC
A new EPC has been ordered.

Terms

RENTAL TERMS
We are quoting a rent of £27,000 per annum for the property exclusive of VAT at the appropriate rate, if applicable.

LEASE TERMS
The property is to be made available by way of a new effective full repairing and insuring lease for a minimum term of 5 years.