About this property

Detailed Description

Unit 4 at Buckminster Yard briefly comprises a self-contained Ground Floor Office or Retail space offering a good and modern specification to include carpeted solid floor coverings with underfloor heating via Biomass boiler, painted and plastered walls, beamed ceiling with suspended LED sensor lighting panels, Kitchenette and designated Disabled/Unisex WC. Two allocated car parking spaces will be provided to the frontage of the property. This Office Suite benefits from super-fast Broadband connection where a negotiable download speed is available to potential tenants.

Location

Buckminster is a highly attractive and sought-after Village between the Towns of Melton Mowbray, Grantham, Stamford and Oakham. The A1 is approximately 5 miles to the East providing easy access to the North and South of the Country.

The subject property is located within the established Office Courtyard known as Buckminster Yard with the Village having amenities to include a Public House, Village Hall and Shop.

Accommodation

The property has been measured on a net internal area basis:

Floor Description Sq M Sq Ft
Ground Open-Plan Office & Kitchenette 37 396

Business Rates

Unit 4 is assessed under the 2023 Rating List as Offices & Premises with a Rateable Value of £6,300.

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 Rates Relief Initiative. For further information regarding Business Rates and any Reliefs applicable to the property/tenant, please contact Melton Borough Council. Tel: 01664 502502.

Services

We understand that the property has connection to mains electricity, 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

Strictly by prior appointment with the Sole Letting Agents:

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

James Cameron
01522 457172
07768 465753
James.cameron@brown-co.com

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

VAT

The rental terms and service charge quoted herein are exclusive of VAT at the prevailing rate. VAT will be charged upon the rent and service charge to be paid.

Legal Costs

The ingoing tenant will be responsible for payment of 50% of the landlord's legal costs associated with the preparation of the new lease.

Other

EPC RATING
Unit 4 has a current and compliant EPC Rating of B36 which is valid until 13th April 2033.

PLANNING
We understand that these Premises have an established planning consent falling under Use Class E covering Office & other uses. We would recommend that potentially interested parties contact the Planning Department at Melton Borough Council to discuss planning-related matters. Tel: 01664 502502.

Terms

LEASE TERMS
The property is to be made available by way of a new effective full repairing and insuring lease (via service charge) for a minimum term of 3 years.

RENTAL TERMS
£4,750 per annum plus VAT.

SERVICE CHARGE
The ingoing tenant will be expected to pay a service charge in addition to rent in respect of Unit 4. The service charge for 2024 is
understood to be £2.72 per sq ft per annum plus VAT.

The service charge includes the tenant's contribution towards communal heating and electricity costs together with those
associated with water and drainage, buildings insurance, maintenance of common external areas to include landscaping and
external redecoration, maintenance of the car park, fences and gates etc.

The tenant will be responsible for their own electricity usage which will be recharged by the landlord.

The tenant will only be responsible for the payment of Non Domestic Business Rates, if appropriate, together with broadband and
telephone to the Service Providers concerned as and when required.