Unit 9-10, Belton Lane Industrial Estate, Grantham, Lincolnshire, NG31 9HN

FREEHOLD INDUSTRIAL UNIT WITH OFFICES & DEVELOPMENT POTENTIAL (STP)

Summary Description

A versatile freehold industrial scheme offering a rare opportunity for owner occupation, refurbishment or redevelopment, with vacant possession and scope to enhance value (stp).

Detailed Description

The property comprises two semi-detached industrial units constructed circa 1970 of steel portal frame construction with brick external elevations under a pitched and insulated profiled roof together with a later two storey office extension to the front elevation of cavity brick faced constriction under a pitched tile covered roof and a single storey industrial extension to the southern elevation of cavity brick faced construction under a flat roof. There are currently two mezzanine floors within the original part of the buildings.

Externally there are hard surfaced yard areas to the front, rear and northern sides of the building with an area currently laid to lawn to the southern side, providing land for potential further development (subject to planning).

The property has been owned and occupied by the Vendor since July 2001 with surplus space historically let out throughout the years.

Location

Grantham is a popular market town in the South Kesteven district of Lincolnshire located adjacent to the A1 approximately 22 miles (35 km) east of Nottingham and 23 miles (37 km) south of Lincoln. The town population was 49,943 at the 2021 Census.

Belton Lane Industrial estate is situated on the northern side of Belton Lane approximately 500 metres east of its junction with Manthorpe Road (A607). Grantham railway station is located within the town centre approximately 1 mile to the south and is served by the London-Edinburgh East Coast Main Line (fastest journey time to London Kings Cross approximately 70 minutes) and Nottingham to Skegness line.

Accommodation

Total GIA approximately 10,076 sq ft (936 sq m) including mezzanines totalling 1,522 sq ft (141 sq m).

Business Rates

Rateable Values (2026 List):

Lrs Ld Units 9-10 (Factory & Premises): £17,000
Maxs Gmbh Unit 9 (Warehouse & Premises): £14,750
Unit 9a (Workshop & Premises): £5,200
Part Unit 9/10 (Office): £2,000

Prospective purchasers are advised to contact the Local Authority in order to confirm the amount payable as all or part of the property may be eligible for some form of transitional relief.

Services

We have not carried out tests on any of the services or appliances and interested parties should arrange their own test to ensure these are in working order.

Viewing

Strictly by appointment with the Selling Agent.

VAT

We understand that the vendor has not opted to tax the land and buildings and VAT will therefore not be applicable to the sale price.

Legal Costs

Each party is to be responsible for their own legal costs.

Terms

Freehold for sale with vacant possession upon completion.