Commercial Property for saleBourne Road, Spalding, Lincs
- Investment Opportunity
- Situated between Bourne and Spalding
- 2 Workshops with Offices , parking, ancillary accommodation and Storage Yard
- 3 Phase Electricity
Detached Workshop and Office Complex with further separate Storage Yard FOR SALE as a freehold investment offering premises with a gross external area of approx 10,900sqft (1012sqm) within its own site and a further second site fronting the A151 Bourne Road at West Pinchbeck.
This vast premises is divided into two industrial units with offices to one site with a further neighbouring site used for storage. The whole site is tenanted by two separate companies, providing a rental income of £27,400pa.
Description - The premises comprise of a steel portal frame building with lower block work walls with brick outer skin insulated composite cladding above and further brick office suites with driveway and yard.
The property provides both useful storage and workshop facilities with the benefit of two office suites. The workshops have been designed to suit a range of vehicles with 5 roller shutter entrance doors.
The separate storage yard is located between a residential property and a commercial general purpose building one property away, also with frontage to the A151 Bourne Road.
The properties may appeal to both investors and organisations looking for future premises after the tenancies have been terminated. The separate storage yard may provide future re-development opportunities subject to planning permission.
Bars Bridge Workshops & Office Complex -
Reception - Having a pair of glazed front entrance doors with windows overlooking the front forecourt and car park. Doors leading off to:
Office 1 - 12'2" X 11'2" (3.71m X 3.40m) -
Office 2 - 12'8" X 10'8" > 9'3" (3.86m X 3.25m >2.82m) -
Office 3 - 11'4"X 5'7" (3.45m X 1.70m) - Corridor leading to:
Cloakroom - Having toilet, hand basin and towel rail
Kitchen - 9'2" x 3'4" (2.79m x 1.02m) - With sink and kitchen units.
A doorway from reception leads to:
Inner Hallway - Having doorway at the end to workshop
Office 4 - 12'8" x 9'5" (3.86m x 2.87m) -
Office 5 - 11'9"x6'11" (3.58m x 2.11m) - Extending by 9'11" x 6' 4" (3m x 1.94m)
Office 6 - 12' 4"x11' 5" (3.66m 0.10m x 3.35m 0.13m) -
Workshop 1 - 67'5" x54'2" (20.55m x 16.51m) - Extending to a further 18' 7" x 29' 8" ( 5.7m x 9.1m)
Having further storage areas 11ft10 x 5ft5 (3.38m x 1.67m) and 11ft10 x 6ft (3.38m X 1.83m)
Toilet block with fire exit 12ft x 11ft4 Gross Internal Area (3.66m x 3.45m)
3 phase electric point
Workshop Delivery Entrance - 18'7" < 22'5x19'4" max (5.66m <6.83m x 5.89m max) - Having roller shutter door and further glazed personnel door.
Door leading to:
Canteen/Staffroom - 14'2"x6'3" (4.32m x 1.91m) -
Further Reception And Office Block - Reception Area 10' 09" x 13' 07" (3.32m x 4.17m) extending by a further 9' 1" x 24' (2.77m x 7.31m)
Office 9' 8" x 9' 8" (3m x 3m)
Workshop 2 - 79'8"x44'10" (24.28m x 13.67m) - (Gross internal measurement)
Having four front facing insulated slide over doors.
Included in the measurements for the workshop are kitchen, toilet and staff room facilities.
Kitchen 11'4 x 6'10" (3.47m x 1.86m)
Cloakroom having two toilets
Staffroom 15' x 10'3" to first floor (4.57m x 3.14m)
Exterior - A driveway from the front of the premises leads to each of the two workshops and provides off road parking. To the front and left hand side of the building there is an open yard area for further storage
Second Site: Storage Yard - A further site of approximately 0.18 Acres to the right hand side of the neighbouring premises is included in the sale. The yard is used for additional parking and storage for both tenants. This area might be suitable for future redevelopment subject to the present tenancies expiring and planning permission. The yard fronts the A151 Bourne Road.
Tenure - The freehold to both sites is for sale. The properties are subject to leasehold agreements.
South Lincs Construction lease started 16th May 2018 and expires 7th May 2023. Basic rent £7,400pa. Lease excludes sections 24-28 of the Landlord and Tenant Act 1954.
S & L Mezzanines Ltd lease started 6th October 2017 for 5 years. Basic rent £20,000pa. Lease excludes sections 24-28 of the Landlord and Tenant Act 1954.
Copies of both leases are available for inspection at this office.
Business Rates - We understand from the VOA website the current Rateable Value Assessment is £9,100 for Workshop 1 and £16,250 for Workshop 2. Interested parties are advised to contact South Holland District Council to verify the amount of business rates payable. (Tel: 01775 761161)
Vat - VAT will be charged in addition to the sale price at the prevailing rate.
Viewings - Strictly by appointment with the selling agents, Bruce Mather Limited. Tel: 01205 365032 Option 3
Agents Note - Note: All measurements are approximate. The services, fixtures and fittings have not been tested by the
The rental income stated is correct as at 31st July 2018.
Buyers must satisfy themselves at time of purchase the rental income charges.
All properties are offered subject to contract or formal lease offered subject to not being previously sold or withdrawn; these particulars are issued on the understanding that all negotiations are conducted through Bruce Mather Limited.
The aerial photo shown in the brochure is an historical photo for identification purposes only. The site has been modified since the aerial photo was taken as seen in the other photographs.
Bruce Mather Limited for themselves and for Sellers and Lessors of this property whose Agent they are give notice that:-
1) the particulars, whilst believed to be accurate, are set out as a general outline for intended buyers or lessees and do not constitute nor constitute part of any offer or contract; 2) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending Buyers or Tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy; 3) no person in the employment of Bruce Mather Limited has any authority to make or give any representation or warranty whatever in relation to this property.
Note: All measurements are approximate. The services, fixtures and fittings have not been tested by the Agent. All properties are offered subject to contract or formal lease.
Bruce Mather Limited, for themselves and for Sellers and Lessors of this property whose Agent they are, give notice that:- 1) These particulars, whilst believed to be accurate, are set out as a general outline only for guidance and do not constitute any part of any offer or contract; 2) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending Buyers or Tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy; 3) No person in this employment of Bruce Mather Limited has any authority to make or give any representation or warranty whatsoever in relation to this property.
- Spalding (3.1 mi)
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- Spalding (3.1 mi)
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