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Kesteven Business Centre, Kesteven Street, Sleaford, Lincolnshire, NG34 7DT

£650,000

£120.33 per sq ft

Business rates & charges may apply

Brown & Co, Lincoln
SIZE AVAILABLE

5,402 sq ft

502 sq m

SECTOR

Commercial property for sale

Key features

  • Town Centre, Multi-let Serviced Office / Cafe Investment
  • - Current rental income is £66,120 p.a.x. ERV when fully let £95,520 p.a.x
  • 15 Office Suites and Ground Floor Cafe
  • Shared kitchen & WC facilities.

Description

Town Centre, Multi-let Serviced Office / Cafe Investment

- Current rental income is £66,120 p.a.x. ERV when fully let £95,520 p.a.x

15 Office Suites and Ground Floor Cafe

Shared kitchen & WC facilities.

INVESTMENT OPPORTUNITY
Kesteven Business Centre, Kesteven Street, Sleaford, NG34 7DT
GUIDE PRICE - £650,000

INVESTMENT OPPORTUNITY
Kesteven Business Centre, Kesteven Street, Sleaford, NG34 7DT
GUIDE PRICE - £650,000

Detailed Description

The property comprises an attached, two storey Office/Café Premises of brick construction with a pitched roof.

The property is arranged as 15 serviced Office Suites and a Ground Floor Café. Each floor benefits from shared Kitchen and WC facilities. The current gross rental income is £66,120 per annum and where the estimated gross rental income when fully let is £95,520 per annum.

The rent for each Office Suite is inclusive of utility bills and we have been informed that total utility costs are approximately £12,000 per annum. The majority of tenants also pay a contribution towards internet.

Location

Kesteven Business Centre occupies a prominent Town Centre position within the bustling Market Town of Sleaford which, as of the 2021 Census, had a population of approximately 18,000.

Sleaford occupies a strategic position in the centre of the County of Lincolnshire and is situated at the junction of the A15 & A17 Trunk Roads from which easy access can be obtained to the larger conurbations of Boston & Newark together with the City of Lincoln to the North, all of which can be reached within approximately 20 minutes drive time.

The property is located just 0.5 miles to North of Sleaford Railway Station, 0.1 miles to the East of the Market Place and 0.2 miles from Southgate.

Brochures

Kesteven Business Centre, Kesteven Street, Sleaford, Lincolnshire, NG34 7DT

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Sleaford Station0.2 miles
  • Rauceby Station2.3 miles
  • Ruskington Station3.0 miles

About Brown & Co, Lincoln

5 Oakwood Road, Lincoln, Lincolnshire, LN6 3LH

Notes

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Disclaimer - Property reference 447875FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Brown & Co, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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