About this property

Detailed Description

The property comprises a Retail Unit with Storage/Office Accommodation to the Upper Floors. The property has frontage to the High Street and return frontage to Butchers Row which in turn leads to the Market Place.

The Ground Floor Retail Accommodation has a laminate floor covering, single glazed wooden framed full height display windows to two sides, suspended ceilings with recessed Category ?? lighting, spotlights to the window display areas and heating via panel radiators. The First Floor Accommodation could provide either Storage or Office Accommodation and has carpeted floors, single glazed wooden framed windows, Category ?? lighting and heating via panel radiators. The Second Floor contains a further Office/Store Room, male and female WC provision and a Kitchenette. This section of the property has carpeted floors and fluorescent strip lighting.

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 has been measured on a Net Internal Area basis and comprises as follows:

Description m2 Sq.ft
Zone A 32.39 349
Zone B 32.69 352
Zone C 19.41 209
First Floor 82.89 892
Second Floor 47.56 512
Total NIA 214.94 2314

Business Rates

The property is assessed under the 2023 Rating List as a Shop and Premises with a Rateable Value of £13,250.

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

The rent quoted is exclusive of, but may be subject 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 C69.

Terms

RENTAL TERMS
The quoting rent is £17,000 per annum exclusive of VAT.

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