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Office for sale

New Warehouse & Offices, Venture Way, Trent Road, Grantham, Lincolnshire

Removed 40,000 sq. ft. | £3,000,000

Property Description

Commercial information

  • 40,000 sq ft (3,716 sq m)

Full description

Tenure: Freehold

LOCATION
Grantham is an established and expanding market town in South Lincolnshire being approximately 23 miles east of the City of Nottingham and 25 miles south of the City of Lincoln with a resident population of approximately 38,000 people and having a large and expanding catchment area.

The A1 runs immediately to the west of the town providing excellent road communications and the town also benefits from a mainline rail connection to London Kings Cross with a journey time of approximately 80 minutes.

Grantham has recently been awarded Growth Point Status and is set to grow dramatically both residentially and commercially in coming years.

Venture Way is situated directly off Trent Road and the immediate area houses many of the town´s larger warehousing and manufacturing operations. The A1, via Swingbridge Road, can be accessed within approximately one mile of the property by both car and HGV and the town centre is approximately 1.5 miles from the site.

DESCRIPTION
The proposed scheme is to comprise a detached 40,000 sq ft (3,716 sq m) steel portal framed warehouse to incorporate 10% office content over ground and first floor levels to the frontage and to have brick and block base walls with profiled and insulated metal cladding over and to the roof covering which will also contain translucent roof light panels. A 3 phase electricity supply will also be provided along with gas fired radiator heating to the office accommodation and gas fired space heating to the warehouse space can be provided at extra cost if required by the ingoing purchaser/tenant. 51 perimeter car parking spaces will be provided together with three level access doors to the frontage. The site upon which the building is proposed to be constructed extends to approximately 1.93 acres (0.78 hectares) by giving 48% site coverage.

The premises are situated in a predominantly commercial location on the outskirts of the town of Grantham and are situated within approximately 0.5 miles of the north and southbound carriageways of the A1 thereby making this an excellent location for both logistical, warehousing and manufacturing occupiers.

Further details in respect of the specification that is to be included within the quoting price and rental terms specified herein can be provided upon request through ourselves as Sole Selling/Letting Agents and specification may be further enhanced through negotiation with our clients, however, this will doubtless incur additional cost/rent.

SERVICES
We understand that the premises to be constructed will be connected to mains electricity (with 3 phase supply), gas, water and drainage.

We would advise prospective purchasers/tenants to clarify these issues with the relevant Statutory Authorities prior into entering into a commitment to acquire this property.

TERMS
The Property can be made available by way of a freehold interest with vacant possession to be granted upon completion and the asking price on this basis is £3,000,000 (Three Million Pounds). This price is based upon the standard specification briefly detailed herein, however, the final pricing structure will be dependent upon the specification required over and above this by the ingoing purchaser.

Alternatively, the property will be made available by way of a new effective full repairing and insuring lease for a minimum term of 10 years at a commencing rent of £240,000 (Two Hundred & Forty Thousand Pounds) per annum exclusive of VAT at the appropriate rate. This equates to £6 per sq ft and is based upon the standard specification briefly described herein, however, the specification may be enhanced but an additional rent charge will be made if this is required by a prospective tenant and further details are available upon request through ourselves as the Sole Selling/Letting Agents.

OUTGOINGS
The property to be constructed at Venture Way will require assessment for Non-Domestic Business Rates upon completion of the construction process.

VAT
The asking price and rental terms quoted within these particulars are exclusive of, but may be liable to, VAT at the prevailing rate and you are advised to clarify this point prior to making an offer to acquire this property.

LEGAL COSTS
Each party will bear their own legal and professional costs incurred in any transaction negotiated.

PLANNING
We understand that planning exists over the site for uses falling under Use Classes B1, B2 & B8 covering offices, light and general industrial uses and warehousing/storage and distribution. Further enquiries in respect of planning-related matters should be directed to the Planning Department at South Kesteven District Council. Tel: 01476 406080.

OTHER
ENERGY PERFORMANCE CERTIFICATES

As the premises to be constructed on the Venture Way site has yet to be built, no Energy Performance Certificate will be available to the prospective purchaser/tenant until completion of the build process. It is intended by the Developer that the premises to be constructed will meet the highest possible standards of energy efficiency wherever possible.

VIEWING
For further information, or an appointment to meet with our clients and their Architects to discuss your individual requirements regarding this building to be constructed at Venture Way, please contact the Sole Agents:

Brown & Co
Granta Hall, Finkin Street, Grantham, NG31 6QZ
Tel: 01476 514433
Fax: 01476 594242
E-mail: james.cameron@brown-co.com
Contact: James Cameron


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