About this property

Detailed Description

The property comprises a mid-terraced Retail/Restaurant Premises spread over 3 floors. Currently the Ground Floor comprises a Bar/Seating Area to the front with an additional Seating/Sales Area to the rear. From the property there is access into a garden which has Ladies, Gentleman & Disabled WC's, a
covered canopy and a converted Barn providing additional seating for customers. There is also access into the garden from a side passageway directly from Market Place.

The First Floor comprises of a Seating Area, Kitchen, WC's & 2 Stores and the Second Floor comprises 5 Storage rooms. The property also has a large Basement/Cellar providing additional storage.

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 fastest journey time of approximately 75 minutes.

The property comprises an mid-terraced Retail/Restaurant Premises fronting the recently refurbished Market Place within Grantham Town Centre. Nearby occupiers include David Grace Estate Agents , Print Hub and Westgate Bakery.

Accommodation

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

Description | Sq ft | Sq m
Basement/Cellar | 601 | 55.8
Ground Floor - Bar/Seating & Sales Area | 574 | 53.3
Ground Floor - Seating/ Sales Area | 201 | 18.7
Ground Floor - Rear Barn/Seating Area | 287 | 26.7
First Floor - Rear Barn/Seating Area | 271 | 25.2
Ground Floor - WC's | - | -
First Floor - Kitchen | 189 | 17.6
First Floor - Seating Area | 424 | 39.4
First Floor - 2 Stores | 130 | 12.1
First Floor - WC's | - | -
Second Floor - 5 Stores | 859 | 79.8
Total NIA (excluding Basement/Cellar) | 2,936 | 272.8

Business Rates

The property is assessed under the 2023 Rating List as a Shop Restaurant and Premises with a Rateable Value of £12,750.

Subject to the ingoing tenant meeting certain criteria, it is possible to claim up to 100% exemption from the payment of NonDomestic 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 the property is connected to mains electricity, gas, 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
01522 504322
07919 694235
william.gaunt@brown-co.com

VAT

We understand that VAT will be charged upon the rent.

Legal Costs

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

Other

EPC
The property has an EPC rating of D100 valid until 9th February 2028.

TOWN AND COUNTRY PLANNING
The property has been used as a Bar 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 enquiries 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.

Terms

LEASE & RENTAL TERMS
The property is made available by way of a new full repairing and insuring lease for a minimum term of 3 years at £16,000 per annum