About this property

Detailed Description

The property comprises a mid-terraced Ground Floor Retail Unit. Internally, the property comprises a Sales Area to the front with a Store, Office/Kitchen and an external WC to the rear. The Sales Area benefits from suspended ceilings with inset lighting and laminate flooring.

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 comprises a mid-terraced Ground Floor Retail Unit situated on Market Place within Grantham Town Centre.

Accommodation

The property provides the following accommodation and has been measured on a net internal area basis:
Description | Sq. ft | Sq. m
Ground - Sales Area | 443 | 42.1
Ground - Kitchen/Office | 93 | 8.6
Ground - Store | 96 | 8.6
Ground - WC | - | -
Total NIA | 632 | 58.7

Business Rates

The property is assessed under the 2023 Rating List as a Shop and Premises with a Rateable Value of £6,900. The Rateable Value from April 2026 is understood to be £9,200.

Subject to the ingoing tenant meeting certain criteria, it is possible to claim up to 100% exemption from the payment of Business Rates utilising the Government's Small Business Rate Relief Initiative. We would recommend that prospective tenants contact South Kesteven District Council to ascertain the level of Business Rates payable in respect of the property and the potential for claiming exemption for part or all of the liability. Tel: 01476 406080

Services

We understand that mains electricity, water and drainage are connected or available 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 an offer to take a new lease in respect of this property.

Viewing

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

VAT

We understand from our client that the property is not elected for VAT and therefore VAT will be not charged upon the rent payable.

Legal Costs

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

Other

TOWN AND COUNTRY PLANNING
We believe that the property is suitable for a variety of uses covered under Use Class E however, we would recommend the prospective tenants direct any planning-related enquires to The Planning Department at South Kesteven District Council on Tel: 01476 406080.

EPC
The property has an EPC Rating of C62 which expires on the 18th June 2033.

Terms

LEASE & RENTAL TERMS
The property is to be made available by way of a new effective full repairing and insuring lease for a minimum term of 3 years at a rent of £9,500 per annum.