Retail Property (high street) to rent

Retail Unit 1, Conduit House, Grantham, Lincolnshire

4,573 sq. ft. | £80,000 pa| £6,667 pcm

Property Description

Commercial information

  • 4,573 sq ft (424 sq m)

Full description

LOCATION
Conduit House is to be constructed fronting Conduit Lane which is located immediately off Market Place. The surrounding area forms both the commercial hub of Grantham in retail terms, as well as being the heart of the evening restaurant and licensed premises circuit. Other occupiers in the vicinity include Asda, Lidl and Marks & Spencer.

Grantham has an urban population of approximately 38,000 people with excellent road communications via the A1 to the regional road and motorway network. The town also benefits from a main line rail link to London Kings Cross with a journey time of approximately 75 minutes.

DESCRIPTION
Conduit House will, upon completion, comprise an attractive and visually striking four storey building fronting onto Conduit Lane and being clearly visible from Market Place. The property will have brick elevations under a pitched roof covering with the ground floor retail element having extensive glazed frontages. 29 dedicated on-site car parking spaces will be provided to the rear of the development.

The ground floor element of the property has planning permission for uses under Use Classes A1 (Retail), A2 (Financial and Professional Services) and A3 (Restaurant and Cafe), thereby making the two ground floor units suitable for a wide variety of uses. The three office suites at first and second floor levels cater for small to medium sized requirements, however all three suites can be occupied by a larger organisation with both floors benefitting from passenger lift access making them DDA compliant, with each suite having dedicated W.C. and kitchenette facilities. The offices are to be constructed to a high standard to include perimeter trunking, double glazed window opening, carpeted floor coverings and suspended ceilings with inset air conditioning/heating units, as well at CAT 5 lighting panels. The two larger suites can be split if required.

It is our client´s intention to finish the ground floor retail units to a shell specification thereby allowing for individual shop fitting by the ingoing operator upon agreement of terms.

ACCOMMODATION
The following areas are taken from architects plans, which the building is to be constructed:

Ground Floor - Retail Unit 1 4,573 Sq Ft (425 Sq M)
Ground Floor - Retail Unit 2 943 Sq Ft (88 Sq M)
First Floor - Office Suite 1 4,314 Sq Ft (401 Sq M)
First Floor - Office Suite 2 941 Sq Ft (87 Sq M)
Second Floor - Office Suite 3 4,295 Sq Ft (399 Sq M)

Conduit House is to be constructed so that all three upper floor office suites can be occupied by a single entity and therefore, requirements up to 9,550 square feet (887 square metres) can be accommodated.

SERVICES
We understand that mains water, mains electricity and mains drainage will be connected to the premises and that mains gas is available from the adjacent public highway.

Prospective tenants are advised to check the adequacy and provision of services with the relevant Statutory Authorities prior to making an offer to acquire one of these properties.

TERMS
Each element of the property is to be made available by way of a new effective full repairing and insuring lease for a minimum term of 10 years and each new lease will incorporate an upward only rent review at the end of the fifth year of the term.

Rental terms are available upon application to either of the Joint Sole Letting Agents whose details are shown below.

OUTGOINGS
Each of the new properties will be assessed for Non Domestic Business Rates upon completion. For further information contact South Kesteven District Council Tel: 01476 406080.

VAT
Rental terms quoted are exclusive of VAT which will be charged on any transaction.

LEGAL COSTS
Each party is to bear their own legal costs in respect of any transaction negotiated.

PLANNING
We understand that the two ground floor retail units have planning permission for uses under Use Classes A1 (Retail), A2 (Financial and Professional Services) and A3 (Restaurant/Cafe). We believe that the upper floor office accommodation has general B1 (Office) consent.

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

OTHER
ENERGY PERFORMANCE CERTIFICATE
An Energy Performance Certificate (EPC) will be produced upon completion of the development.

VIEWING
VIEWING/FURTHER INFORMATION
For further information in respect of this development please contact either of the Joint Sole Letting Agents:
Brown & Co
Granta Hall
6 Finkin Street
Grantham, NG31 6QZ
Tel: 01476 514433
Fax: 01476 594242
Mobile: 07768 465753
Email: james.cameron@brown-co.com
Contact: James Cameron

Chesterton Humberts
14 Finkin Street
Grantham, NG31 6QZ
Tel: 01476 590013
Fax: 01476 571750
Mobile:
Email: sarah.pettefar@chestertonhumberts.com
Contact: Sarah Pettefar


More information from this agent

Nearest station

  • Grantham (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Brown & Co, Commercial

Market Chambers Tuesday Market Place, King's Lynn, PE30 1JJ

01553 403124 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Brown & Co, Commercial

Market Chambers Tuesday Market Place, King's Lynn, PE30 1JJ

01553 403124 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Grantham (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Brown & Co, Commercial

Market Chambers Tuesday Market Place, King's Lynn, PE30 1JJ

01553 403124 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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