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Retail Property (high street) to rent

Unit 1, Kings Walk Shopping Arcade, Guildhall Street/Westgate, Grantham, NG31 6LJ

Removed 1,304 sq. ft. | £13,500 pa| £1,125 pcm

Property Description

Commercial information

  • 1,304 sq ft (121 sq m)

Full description

LOCATION
Grantham is an expanding and popular market town with a resident population as at the 2011 Census of approximately 38,000 people with an extensive catchment area.

The town has recently been awarded Growth Point Status and is set to grow dramatically both residentially and commercially in coming years and recent road improvements have been undertaken at Spittlegate Level, approximately 1 mile from the subject property, which is set to see dramatic commercial development in the very near future.

The town benefits from excellent road communication links via the A1 to the regional road and national motorway network as well as having a mainline rail connection to London Kings Cross with a journey time of approximately 75 minutes.

Kings Walk Shopping Arcade occupies a prominent town centre position located between Guildhall Street and Westgate with pedestrian accesses from both with Unit 1 having frontages to both Guildhall Street and into Kings Walk Shopping Arcade itself.

ACCOMMODATION
In terms of net internal area, the property is arranged as follows:

Floor Use Sq Ft Sq M
Ground Hairdressing Salon 473 44.0
First Hairdressing Salon 362 33.6
First Kitchen 48 4.5
First WC
First Store/Office 175 16.3
Second Store 246 22.8
TOTAL 1,304 121.2

SERVICES
We understand that mains water, electricity and drainage are connected to the subject property. We believe that mains gas is available from Guildhall Street if required. Prospective tenants are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to making an offer to acquire this property. None of the services, heating equipment or apparatus contained within the premises have been tested by Brown & Co and as such, 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.

Asking Rent
The property is available at an asking rent of £13,500 per annum exclusive of VAT at the appropriate rate, if applicable.

OUTGOINGS
Business Rates will be the responsibility of the occupier. The premises have the following assessment:-

Description Shop & Premises
Rateable Value (2010 List) £11,250

VAT
The asking rent quoted within these particulars is exclusive of, but may be liable to, VAT at the prevailing rate and prospective tenants should clarify the position regarding VAT prior to making an offer to acquire this property.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in any transaction negotiated.

PLANNING
The property has been used for a number of years as a Hairdressing Salon and Premises and as such has an established use which falls under Use Class A1 which covers this and other Retail uses which are prevalent in the area concerned.

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 is D92.

Fixtures & Fittings
The property has traded for a number of years as a Hairdressing Salon where the current business is being closed for health reasons only. A wide variety of trade-related fixtures and fittings is available should a prospective tenant wish to continue using the premises as a Hairdressing Salon and these are available by negotiation with the outgoing tenant through ourselves as the landlord´s Sole Letting Agents.

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

Brown & Co
Granta Hall
6 Finkin Street
Grantham
NG31 6QZ
Tel: 01476 514433


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