About this property

Detailed Description

The Ground Floor Retail section has suspended ceiling incorporating recessed Category II lighting and air conditioning units, carpet floor coverings on a solid concrete base, wooden framed single glazed windows and shop front and panel radiators fed via a gas boiler. The rear Retail and Office section is of a similar specification to the front Retail area. To the Ground Floor there is a rear Store with Category II lighting, carpeted floor coverings on a solid concrete floor and single glazed wooden framed window with security grills.

To the First Floor there are two further Offices along with WC provision and a Kitchen. The First Floor Offices have perimeter trunking, Category II lighting, carpeted floor coverings and wooden single glazed windows.

To the Second Floor there are three further Offices along with an Attic Store Room. The Second Floor Offices are of a similar specification to that of the First Floor. We note there is a small courtyard to the rear of the property which could be used for the storage of bin.

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 property is positioned on the High Street within Grantham Town centre. Nearby occupiers include Newton Fallowell and Subway.

Accommodation

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

Description m2 Sq.ft
Zone A 26 288
Zone B 15 157
Office 9 95
Store 12 130
First Floor Offices 26 285
First Floor Kitchen 6 70
Second Floor Offices 28 302
Second Floor Storage 9 93
Total NIA 131 1,420

Business Rates

BUSINESS RATES
The property is assessed under the 2023 Rating List as a Shop and Premises with a Rateable Value of £8,800.

Subject to the ingoing tenant meeting certain criteria, 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. We would recommend that prospective tenants contact South Kesteven District Council regarding this matter Tel: 01476 406080

Services

We understand that mains electricity, gas, water and drainage 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 on this property

Viewing

For further information or to arrange a viewing please contact:

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

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

VAT

All prices are quoted exclusive of, but may be liable to, VAT at the prevailing rate.

Legal Costs

The ingoing tenant will be responsible for their own legal fees incurred in this transaction.

Other

TOWN AND COUNTRY PLANNING
The property has been used as a Retail Shop and as such has an established use which is now covered by Use Class E of The Use Classes Order 2023. We would recommend that prospective tenants discuss any planning-related matters with the Planning Department at South Kesteven District Council prior to making an offer to take a lease in respect of this property. Tel: 01476 406080.

EPC
The property has an EPC Rating of D83.

Terms

LEASE TERMS
A new full repairing and insuring lease is available for a term to be agreed.

RENT
The quoting rent is £10,000 exclusive of VAT