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Retail Property (high street) to rent

70 High Street, Grantham, Lincolnshire

Removed 366 sq. ft. | £8,300 pa| £692 pcm

Property Description

Commercial information

  • 366 sq ft (34 sq m)

Full description

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

The property comprises a mid-terrace retail/office unit with offices/storage space above. Nearby occupiers include Fine & Country, Newton Fallowell, The Atrium and The British Heart Foundation. The property lies in an established retail location albeit a secondary location.

DESCRIPTION
The ground floor retail area has a laminate floor covering, painted papered plastered walls, painted plaster ceiling, single glazed wooden framed shop front, ceiling mounted Category 2 lighting and electric storage heaters. There is also an air conditioning unit to the rear wall. There is a kitchen and WC at first floor level. The property does have further office and storage accommodation at first and second floor level, however, these will be retained by the landlord as meeting room space. The landlord will reserve the right to access the upper floors in order to hold meetings as and when required.

ACCOMMODATION
Section Area Sq Ft Area Sq M
Zone A 347 32
Zone B 29 1.75

SERVICES
We understand that mains electricity, water and drainage are connected to the property.

Prospective tenants are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to making an offer to take a new lease.

TERMS
LEASE TERMS
A new internal and insuring lease on terms to be agreed is available at the quoting rent.

RENTAL TERMS
Rent: £8,300 per annum exclusive.

OUTGOINGS
The property is currently assessed as a whole to include the upper floors with a Rateable Value of £11,500. On completion of the letting of the ground floor the landlord will request that the Valuation Office Agency reassess the property to break the assessment into two, one relating to the ground floor and the other relating to the upper floor accommodation.

For further information relating to Business Rates, please contact South Kesteven District Council on 01476 406080.

VAT
All prices are quoted exclusive of but may be subject to VAT at the prevailing rate.

LEGAL COSTS
As is usual the ingoing tenant will be responsible for our clients reasonable legal fees incurred in this transaction.

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

Tel: 01476 514433
Fax: 01476 594242
E-mail: Sarah.pettefar@brown-co.com
Contact: Sarah Pettefar


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