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Office to rent

Newton House, 38 Grantham Street, Lincoln, Lincolnshire

£5,000 pa
427 sq. ft.

Property Description

Commercial information

  • 427 sq ft (39 sq m)
  • Use class orders: B1 Business

Letting information:

Furnishing: Unfurnished

Full description

Office suite to let - 427 sq ft - First floor suite with kitchen & WC facility - Situated jus off the High Street - Immediate occupation available - Potential for alternative uses (subject to planning consent)

Location - Lincoln is a cathedral city and the county town of Lincolnshire with an urban population of 130,200 (2011 Census). The subject property is situated on the northern side of Grantham Street, approximately 50 metres to the east of its pedestrian junction with the High Street and 75 metres to the west of its junction with Flaxengate, within the heart of Lincoln City Centre. Nearby occupiers include Tesco Express, Carluccios and Caffe Nero.

Description - The premises comprise a first floor office suite incorporating a kitchen and WC facility. Specification includes perimeter trunking with Cat 5 data cabling from server cabinet, wall mounted electric convector heaters, strip fluorescent lighting, double glazed windows, door entry intercom system and carpeting throughout.

Accommodation - Measured on a net internal area (NIA) basis the premises provide the following accommodation:

Office 401 sq ft (37.2 sq m)
Kitchen 26 sq ft (2.4 sq m)
WC (not measured)
Total NIA 427 sq ft (39.6 sq m)

Planning - We understand that the premises currently benefit from planning consent for use as an office within Class B1 of the Town and Country Planning (Use Classes) Order 1987 (as amended). The property would however suit a variety of alternative uses subject to gaining the necessary planning and landlord consents. Interested parties should make any planning enquiries to City of Lincoln Council Planning Department on 01522 881188.

Services - Mains electricity, water and drainage are connected to the property.

Terms - The premises are available to let by way of an assignment of an existing internal repairing and insuring lease for a term of 3 years from 23 March 2015 (approximately 13/4 years unexpired) at a current rent of £5,000 per annum exclusive. The lease provides for payment of a £300 per annum service charge by the tenant for servicing and upkeep of common parts. The tenant is also responsible for paying one third of the water rates for the building. A copy of the lease is available to interested parties upon request.

Business Rates - Rateable Value (2017 List): £3,800
Business Rate Multiplier (2017/18): 47.9p in the £
Small Business Multiplier (2017/18): 46.6p in the £

Interested parties are advised to contact City of Lincoln Council on 01522 873342 to verify the above and to enquire about their eligibility for small business rate relief.

Vat - We understand that VAT will not be applicable to the rent.

Energy Performance Asset Rating - The assignor has appointed an energy assessor to provide an energy performance certificate which will be available upon request in due course.

Legal Costs - Each party is to be responsible for their own legal costs.

Agent - For further information or to arrange a viewing please contact sole agents JHWalter LLP:

Andrew France BSc (Hons) MRICS
01522 504319 07795 657792

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