Unit 1 24-25 New Road, PE11 1DQ

LOCATION
** Ground Floor Retail Shop with Two Extensive Upper Floors - Attractive and Prominent Grade II Listed Building at the junction of New Road and close to Pinchbeck Road - Total Net Internal Floor Area Approximately (156.49m2 (1,683 sq.ft)) - including First and Second Floor Accommodation **

The property is situated in a prominent secondary trading location on New Road, close to the Pinchbeck Road / Westlode Street junction and traffic lights.

DESCRIPTION
A retail shop with two extensive floors being in a prominent location. The total net internal floor area of the property is approximately 166.44m² (1,791 sq.ft.) including first and second floor accommodation.

ACCOMMODATION
Ground Floor
No. 1. RETAIL SALES SHOP AREA:
Net Internal Approximately: 671 sq.ft. (62.36m2) including raised front display window area.
Shared entrance area with Unit No. 2.
NOTE: The Fittings in the shop area are not included but may be available by separate negotiation.

First Floor
STAIRCASE TO FIRST FLOOR ACCOMMODATION:

TOTAL AREA APPROXIMATELY 70.84m2 (762 sq.ft.)
LOBBY with Wash hand basin leading to Separate WC.

Second Floor
STAIRCASE TO SECOND FLOOR LANDING:
Two rooms totalling 23.29m2 (250 sq.ft.)
Further Store Room off (with restricted ceiling) 10.04m2 (108 sq.ft)

SCHEDULE OF APPROXIMATE NET INTERNAL FLOOR AREAS
Ground Floor Retail Area: 62.36m² (671 sq.ft.)
First Floor Sales/Office : 70.84m² (762 sq.ft.)
Second Floor Rooms/Storage: 23.29m² (250 sq.ft.)
TOTAL: 156.49 m² (1683 sq.ft.)

SERVICES
Mains electricity, water and drainage are available. No gas.

TERMS
A 6 year lease is offered with 3 year rent review - no premium required.

OUTGOINGS
The tenant will be responsible for the payment of the Business Rates.
Rateable Value: £8,100 (2023 List)
Interested parties are advised to make their own specific enquiries with South Holland District Council concerning any rate relief that may be available for small businesses.

LEGAL COSTS
The incoming tenant will be responsible for the Landlords´ legal costs in respect of the preparation and execution of the Agreement.

SERVICE CHARGE
MAINTENANCE: The tenant will have the responsibility for 28% of the maintenance of the main building (as shared with other units no.´s 2, 3, 4 and 5 in 24/25 New Road and 1 Pinchbeck Road. This is for the main building and external repairs.

The tenant will be responsible for all internal works, repairs, decorations etc.

OTHER
BUILDINGS INSURANCE: The tenant will reimburse the Landlord for the relevant insurance element relating to Unit 1. The current policy is due for renewal on 21st December 2025 and the amount due upon sighing of the lease from that date until 21st December is available upon request. Thereafter, the annual insurance premium for the building for Unit 1 will be payable in one sum upon demand from the Landlord.

COMMENCEMENT RENT: Payable quarterly in advance at the rate of £8,500 per annum.

RENTAL DEPOSIT: A deposit equivalent to one quarter is rent (£2,125) will be required at the commencement of the lease and will be held by the Landlords Managing Agents in a non-interest-bearing account

VIEWING
By appointment with R Longstaff & Co LLP Commercial Department Tel: Email: .