Investment Property, 2 Northgate, Sleaford, Lincolnshire, NG34 7BL

Location
The property is located in the centre of Sleaford, close to Sleaford Market Place. Nearby occupiers comprise of restaurants, Wetherspoons, Nationwide Bank, local retail shops, service industries and a fitness suite.

Description
BUSINESS UNAFFECTED - We are pleased to offer for sale, this prominent Grade II Listed Property located in Sleaford Town Centre, close to the Market Square. The property is currently let to Lloyds Bank PLC on a five year Lease from 10th March 2022, with a rent passing of £26,000 per annum exclusive. The property offers extensive accommodation which may be suitable for a number of alternative uses in the future, subject to any necessary consents being obtained.

Accommodation
GROUND FLOOR:
Double entrance doors to Entrance Lobby with further doors to the Banking Hall - 10.42m x 8.73m (maximum overall dimensions) including the clerk counters and ATM area.

Rear Hallway with access door to external courtyard.

Office 1 - 3.86m x 3.09m

Office 2 - 3.19m x 2.90m

Inner Lobby accessed from Banking Hall leading through to:

Administration Office 1 - 8.90m x 4.14m (maximum overall dimensions).

Rear Hall with stairway to First Floor.

Inner Hallway accessed from Banking Hall

Office 3 - 4.27m x 2.43m

Office 4 - 4.14m x 2.39m

Office 5 - 3.19m x 2.27m

Office 6 (Managers Office) - 4.78m x 4.55m

Rear Hallway with stairway off to First Floor

Rear Hall with Cloakroom off and rear access door, steps to Basement.

Store Room 1 - 2.31m x 1.85m with stairs to First Floor.

Store Room 2 - 2.44m x 1.12m

Ladies Toilets - 3.94m x 1.46m and 2.31m x 1.67m

FIRST FLOOR:

Staff Room - 7.96m x 4.79m

Archive Store 1 - 4.77m x 4.07m

Archive Store 2 - 3.96m (max) x 3.85m

Toilets - 2.82m x 4.26m

Upper Landing with Ladies Toilet off

Server Room - 4.02m x 3.63m

Archive Store 3 - 4.55m x 5.54m

Administration Office 2 - 8.80m x 4.56m

Separate Toilet

Further Male Toilet Facilities - 3.75m x 3.42m off stairs returning to Rear Hallway.

There are two staircases leading from the first floor accommodation to a second floor where there are attic storage rooms.

The Valuation Office Agency Website indicates the property has a floor area of 496 sq.m and the current Commercial Energy Performance Certificate shows an area of 585 sq.m.

OUTSIDE
Disabled access is available to the rear of the property from Market Street. The rear area comprises a paved courtyard area with two external stores.

Services
Mains drainage, gas, electricity and water are all understood to be connected. There is air-conditioning provided to some rooms. Gas central heating is provided by a system of radiators.

ENERGY PERFORMANCE CERTIFICATE
EPC Rating - D(76) valid until 16th September 2031.

Tenure
The property is understood to be let on a Full Repairing & Insurance Lease for a term of 5 years, which commenced on 10th March 2022 at an annual rent of £26,000 per annum exclusive.

Rates
Rateable Value - £36,250

VAT
The owner has confirmed that VAT is not applicable on the current rent payable or the sale price.

Legal Costs
Each party is responsible for their own legal costs incurred in the transaction.

Viewing
Via Mundys Commercial.

FURTHER INFORMATION
The property is a Grade II Listed Building listed under number: 1168531. Purchasers are reminded that any alterations or changes to the property will require the necessary statutory consents being obtained from the Local Authority and are advised to satisfy themselves in this respect. The property is currently let to Lloyds Bank Plc as a Bank with ancillary accommodation or for a use within Class A1, A3 or B1A of the 1987 Order and may be suitable for a variety of other uses in the future, subject to the necessary consents being obtained from the Local Authority.

AGENT'S NOTE
Please note that the location and size of the Bank's safe and vault facilities have been excluded for security purposes. No floor plan is available due to the property being occupied as a Bank.