About this property

Detailed Description

10-12 Watergate comprises a mid-terraced 3 storey property in a parade of similar properties constructed during the 1960's. The property has previously been used for Retail purposes and has LED lighting throughout together with a fire alarm system. There is a rear access into the property at Ground Floor level for loading purposes should this be required.

The Ground Floor Retail element of the property is substantially larger than the two Upper Floors making it suitable for a wide variety of uses

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 75 minutes.

Watergate is a Town Centre location being home to many Retail and Food Outlets together with Estate Agency Branches. A large Public Pay & Display Car Park is also located within 100 metres of the subject property.

Accommodation

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

Floor Description Sq M Sq Ft
Ground Retail Premises 184.83 1,990
First Stores (3 Rooms) 65.15 691
Second Store (1 Room) 18.94 204
Second Showers & Wcs - -
TOTAL 268.92 2,885

Business Rates

The property is assessed under the 2023 Rating List as a Shop & Premises with a Rateable Value of £20,000. In April 2026 the Rateable Value will be £23,250.
Potential tenants should contact South Kesteven District Council regarding the level of Business Rates payable in respect of this property. Tel: 01476 406080.

Services

We understand that the property is connected to mains electricity, water and drainage. We understand that mains gas is 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 a commitment to take a new lease in respect of this property

Viewing

For further information or to arrange a viewing please contact:
Brown & Co William Gaunt
5 Oakwood Road 01522 504322
Lincoln 07919 694235
LN6 3LH william.gaunt@brown-co.com

VAT

We understand that VAT will not be charged on the rent.

Legal Costs

The property is to be made available by way of a new effective full
repairing and insuring lease for a term to be agreed.

Other

TOWN AND COUNTRY PLANNING
The property has been used in the past for Retail and Gymnasium purposes.

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
The property has an EPC rating of C61

Terms

RENT
We are quoting a rent of £18,000 for the property.

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