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Light Industrial for sale

Unit 1, Belton Lane Industrial Estate, Belton Lane, Grantham, Lincolnshire

Removed 4,583 sq. ft. | £275,000

Property Description

Commercial information

  • 4,583 sq ft (425 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. The town has a residential population of approximately 38,000 people with 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 main line rail connection to London Kings Cross with a journey time of approximately 75 minutes. Grantham has been awarded Growth Point Status and is set to grow dramatically both residentially and commercially in coming years.

Belton Lane Industrial Estate is a small Industrial Estate situated off Belton Lane, a predominantly residential area on the outskirts of Grantham town centre and in close proximity to Alma Park Industrial Estate.

DESCRIPTION
Unit 1 Belton Lane Industrial Estate briefly comprises a modernised semi-detached industrial unit which we believe was constructed during the 1970´s and has subsequently been extended to the side and rear. The property is of steel portal framed construction with brick and block external elevations under a mixture of pitched and insulated profiled metal and flat roof coverings. The property has parking and loading facilities to the frontage with side access being provided to a large and surfaced rear yard which offers potential to extend the existing accommodation further, subject to the relevant planning permission being obtained.

The property has gas-fired spaced heating to the main area, a range of offices, a kitchen and two sets of W.C´s as well as a reception lobby. The eaves height to the main space is approximately 3.25 metres (10 feet 8 inches) reducing to approximately 3.15 metres (10 feet 4 inches) in the loading bay to the rear of the property. The unit has a manual roller-shutter door to the frontage providing access to the main space and there is a further manual roller-shutter door in the loading bay to the rear of the property providing access to the extensive rear yard area.

ACCOMMODATION
In terms of gross internal area, the property has the following approximate areas:

Floor Use Sq Ft Sq M
Ground Workshop 2,534 235.45
Ground Loading Bay 362 33.70
Ground Offices, Kitchen and W.C´s 882 81.90
Mezzanine Store 805 74.75
TOTAL 4,583 425.80

SERVICES
We understand that mains water, gas, electricity and drainage are connected to the property. The property is understood to benefit from gas-fired central heating to the main space.

Prospective purchaser/tenants are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to making an offer to either purchase, or take a new lease in respect of this property. None of the services or apparatus contained within the premises have been tested by Brown & Co and no warranty is either implied or given as to their condition.

TERMS
The property is available by way of a new effective full repairing and insuring lease for a minimum term of 3 years.

The premises are available at a rent of £18,000 per annum exclusive of VAT, if applicable.

Asking Price
The freehold interest in this property is available at an asking price of £275,000.

OUTGOINGS
Unit 1 Belton Lane Industrial Estate is assessed under the 2010 Rating List as a Factory and Premises with a Rateable Value of £15,500. For further information and to confirm the level of Business Rates payable please contact South Kesteven District Council. Tel: 01476 406080.

VAT
The quoted asking price and rental terms expressed herein are exclusive of, but may be liable to, VAT at the prevailing rate and you should check the position regarding VAT prior to making an offer to purchase or take a new lease in respect of these premises.

LEGAL COSTS
Each party will be responsible for their own legal costs in the event of a sale but if a letting is agreed the ingoing tenant will be required to pay the landlord´s reasonable legal costs incurred in respect of preparing the new lease.

PLANNING
The premises have been used for a number of years as a Workshop or Warehouse Premises and as such has an established used covered by Use Classes B1, B2 and B8.

For further information in respect of planning-related matters please contact the Planning Department at South Kesteven District Council. Tel: 01476 406080.

OTHER
EPC Rating G.

VIEWING
For further information or an appointment to view this property please contact:

Brown & Co
Granta Hall
Finkin Street
Grantham, NG31 6QZ
Tel: 01476 514450 Fax: 01476 594242
Email: james.cameron@brown-co.com Contact: James Cameron


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