Retail Property (high street) to rent

90 Westgate, Grantham, Lincolnshire

4,220 sq. ft. | £30,000 pa| £2,500 pcm

Property Description

Commercial information

  • 4,220 sq ft (392 sq m)

Full description

LOCATION
Grantham is an expanding and popular market town in South Lincolnshire with a population of approximately 38,000 people as of the 2011 Census with an extensive catchment area. The town has been awarded Growth Point Status and is set to grown dramatically both residentially and commercially in coming years. Grantham benefits from excellent road communication links via the A1 to the regional road and national motorway network as well as a mainline rail connection to London Kings Cross with a journey time of approximately 80 minutes.

90 Watergate occupies a prominent town centre position in the heart of the busy evening pub/restaurant circuit and is located in close proximity to car parking facilities.

DESCRIPTION
The property briefly comprises a mid-terraced three storey building believed to have originally been constructed during the Georgian period of brick and tiled construction with further outbuildings to the rear. The property is currently vacant and under an extensive course of refurbishment via our Developer client, having previously operated for a number of years as a Public House/Bar for which planning permission exists. We understand that the first and second floor accommodation has planning permission to be used as Residential accommodation.

Our clients are in the course of carrying out works to the building to include the installation of new entrance doors and windows to the Ground Floor frontage. Full details of the works to be carried out are available through Brown & Co and can be tailored to a tenants requirements and fit-out program.

ACCOMMODATION
We have measured the existing ground floor space on a net internal area basis, but the first and second floors together with the outbuilding have been measured on a gross internal area basis as the internal configuration of these elements of the property may change when a new tenant is found for the property in its entirely.

Floor Potential Use Sq Ft Sq M
Ground Retail, Estate/Letting Agency, Restaurant/Café/Public House/ Bar 1,044 97
First/Second Kitchen, Offices and Stores 1,938 180
Outbuilding Two storey former Barn/Storage 1,238 115
TOTAL 4,220 392

Should a potential tenant relocate the ground floor WC facilities and Kitchen to another area of the building or one of the Outbuildings, it would be possible to increase the net internal area of the Ground Floor to approximately 1,400 sq ft (130 sq m). In addition, the property has an enclosed Rear Yard as well as a useful Cellar which has not been measured by Brown & Co.

SERVICES
We understand that mains water, gas, electric and drainage are either connected to the property or are available from the public highway known as Westgate. Please note that Brown & Co have not tested any of the utilities or apparatus contained within the property and as such prospective tenants are advised to check up on the adequacy, condition and provision of any services with the relevant Statutory Authorities prior to making an offer to take a new lease in respect of this property.

TERMS
LEASE TERMS
The property is to be made available by way of new effective full repairing and insuring lease for a minimum term of 10 years

RENTAL TERMS
The property is available at an asking rent of £30,000 (Thirty Thousand Pounds) per annum exclusive of VAT at the appropriate rate assuming that the property is presented to a shell specification throughout. Further details in respect of the refurbishment works that the Developer is to undertake as part of the rental package can be obtained via ourselves as Sole Letting Agents.

OUTGOINGS
The property is assessed under the 2010 Rating List as a Public House & Premises with a Rateable Value of £14,000. For further information and to confirm the level of Business Rates payable, please contact South Kesteven District Council Tel: 01476 406080.

VAT
The rental terms quoted within these particulars are exclusive of, but may be liable to, VAT at the prevailing rate and prospective tenants should clarify the position regarding VAT prior to entering into a commitment to take a new lease in respect of this property.

PLANNING
The property has been used for a number of years as a Public House/Bar and, as such, has an established use falling within Use Class A4 of the Use Classes Order 1987. Such a Use Class allows the property to be used for any purposes falling within Use Classes A1 (Retail), A2 (Estate/Letting Agency), A3 (Restaurant/Café) and A4 (Public House/Bar). We understand from our client that planning permission exists to use the first and second floor accommodation for Residential purposes.

We understand that 90 Westgate is a Grade II Listed Building and is situated within the town centre´s established Conservation Area.

Prospective tenants are advised to make their own enquiries in respect of planning related matters via the Planning Department at South Kesteven District Council, tel: 01476 406080.

VIEWING
For further information in respect of this property, or an appointment to view the premises concerned, please contact Brown & Co as Sole Letting Agents whose details are as follows:
Tel: 01476 514433
Fax: 01476 594242
E-mail: James.cameron@brown-co.com
Contact: James Cameron


More information from this agent

Energy Performance Certificate (EPC) graphs

Nearest station

  • Grantham (0.4 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.

Map & Street View

Nearest station

  • Grantham (0.4 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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Property reference 100005014593. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Brown & Co, Commercial.

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