Newgates Offices, Stamford

LOCATION
From the centre of Stamford, proceed North-East on the A1175 (Wharf Road) and turn left onto Brazenose Lane. At the cross-roads, continue straight onto East Street. After approximately 350m, turn left onto Newgates. The property is located on the left-hand side, after approximately 30m.

DESCRIPTION
A well-located property in Stamford, comprising of three separate offices, a kitchenette, and a W/C, positioned across both the ground and the first floors. The space provides convenient access to Stamford town centre and is well-suited for small businesses or professional services. Ideal for teams or independent professionals looking for a well-located base.

ACCOMMODATION
A schedule of the accommodation is listed below. The property has been measured on a Net Internal Area (NIA) basis.
Please note all measurements are approximate.

Ground Floor:

Entrance Lobby - 1.18m x 3.22m (3.84 sq. m. / 41.33 sq. ft.)

Office One - 4.17m x 2.85m (9.67 sq. m. / 104.08 sq. ft. excl. Stairwell)

Kitchenette - 2.05m x 2.46m (3.76 sq. m. / 40.47 sq. ft.)

W/C - 0.74m x 1.47m (1.08 sq. m. / 11.62 sq. ft.)

First Floor:

Stairwell leading to...

Office Two - 2.90m x 2.19m (6.35 sq. m. / 68.35 sq. ft.)

Office Three - 5.00m x 2.96m (15.14 sq. m. / 162.96 sq. ft.)


Total Net Internal Area (NIA) of approximately 34.09m² (367 sq.ft.).

SERVICES
We understand the property has the benefit of mains water, foul drainage and electric. Interested parties are advised to check services with the relevant statutory authority prior to making an application.

TERMS
The property is available to rent on a new lease under the Landlord and Tenant Act 1954, subject to the
following terms:
- The lease will be on a full repairing and insuring (FRI) basis.
- The lease will be for a minimum term of 6 years, although the Landlord is be prepared to include a
break clause at the end of year 3.
- The rent will be reviewed at the end of year 3 - upwards only to open market rental value.
- The lease will be contracted out of the Security of Tenure Provisions of the Landlord & Tenant Act 1954,
subsections 24-28.
- The rent will be payable monthly in advance.
- The Tenant will be required to pay a deposit of £1,250.
- The Tenant will not be permitted to assign or sub-let the premises without the Landlord´s prior consent.
- The Tenant is to reimburse the Landlord the buildings insurance premium in respect of the property.
This will be subject to review and will be payable annually in advance.
- VAT will be payable in addition to the rent.

OUTGOINGS
The current Rateable Value of the unit is £6,300.
Interested parties are advised to contact the South Kesteven District Council to confirm the exact amount of rates payable.

OTHER
Legal Costs: Each party will be responsible for their own legal costs.

Insurance: The tenant is to reimburse to the landlord the buildings insurance premium in respect of the property. This will be subject to review and will be payable annually in advance. The tenant will be responsible for insuring their use, the contents and for maintaining a Public Liability policy for up to £5,000,000.

Outgoings: The tenant will be responsible for all services/utilities, Business Rates and outgoings including telephone and broadband in connection with the property.

Energy Performance Rating: The current Energy Performance Certificate (EPC) rating is E (123).

Landlord: The advertising and marketing agent for this property on behalf of Burghley House Preservation Trust - Registration No. 951524 England. Charity Registration No. 258489. Registered Office 61 St Martins, Stamford, Lincolnshire PE9 2LQ.

VIEWING
The viewings are strictly by appointment with R Longstaff & Co LLP - Bourne on .