Self-contained banking premises located in the heart of Spalding Town Centre. Fully let to Nottingham Building Society until November 2032 (tenant break in November 2028) and producing £16,500 pa (rent reviews due from 13/11/22 and 13/11/27). Rear access gives potential for future self-containment of upper parts.
Office/showroom premises with rear workshop and parking just 1 mile from the A14 and 3 miles from Cambridge City Centre. Flexible accommodation including large open plan area with glazed frontage, separate offices and staff room, kitchen and WCs. Ample parking to the front and side with access to the rear workshop. Excellent access to the A14 and M11, plus guided bus stop within walking distance from the property which links Huntingdon, Cambridge City Centre and both Cambridge train stations.
The property comprises a ground floor Class E premises which is situated in a prominent position with a return frontage and a triple aspect. The unit benefits from ancillary storage and toilet facilities.
We are of the view that the property could lend itself to a range of business uses subject to planning (as required).
One allocated car parking space is provided to the rear of the property.
The property comprises a prominently located retail showroom with ancillary workshop/storage accommodation served by roller shutter access from George Street. Suitable for a variety of uses subject to planning. It is understood that the property benefits from the current Use Class ‘E’ classification.
The property comprises a prominently located retail showroom with ancillary workshop/storage accommodation served by roller shutter access from George Street. Suitable for a variety of uses subject to planning. It is understood that the property benefits from the current Use Class ‘E’ classification.
The property comprises of a red brick, mainly two storey building with a separate cellar bar, and also a small office area at second floor level within the eaves of the roof.
The ground floor is currently laid out as a bar/nightclub as is the upper floor – each having separate accesses.
The property has separate street level access points fronting Horsemarket, Dalkeith Place and a new entrance to the gable end of the property. Access to the cellar bar is available from the interior of the premises and from a separate external access adjacent to the walkway on Dalkeith Place.
A parade of retail units forming part of the Beaumond Cross Retail Scheme. This unit is capable of accommodating a mezzanine to further increase the floor space.
The unit is finished off to a shell specification internally, ready to take a tenant shopfit, whilst externally the shopfront has been installed by the Landlord.
Full details on the unit’s specification is available on request. This specification also contains information on the service capacity for the unit.
EPC Rating: C56
LOCATION
The unit is situated adjacent to the town’s Asda Superstore and bus station, in a prominent central location on the corner of Lombard Street and Portland Street.
The town’s established prime retail pitch is located a short walk to the north and nearby retailers within the St Mark’s retail scheme directly opposite the site include New Look, Wilkos, Costa and Clarks Shoes.
In addition to the new Travelodge Hotel and Asda Superstore, other tenants within the scheme include Subway, Lloyds Pharmacy, Barnardo’s and Your Home, and the main town centre doctors’ surgery – The Lombard Medical Centre.
Newark is an expanding prosperous market town with a population of circa 35,000 and a large and affluent catchment within 20kms of 160,000. The town is strategically located at the junction of the A1, A46 and A17 and has excellent direct rail links into Kings Cross – travel time 1 hour 20 minutes. The town enjoys above average retail space from within its catchment. (Source CACi Report 2013).
TOWN AND COUNTRY PLANNING
We understand that the property has consent for uses falling within Class E (Commercial, Business & Services Uses) of the Town and Country Planning (Use Classes) Order 1987 (as amended).
Following changes to the Use Classes Order that came into effect on 1st September 2020, Class E now encompasses a number of uses including A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & CafŽ), B1 (Business) and D1 (Clinics, Health Centre, Creche and Day Nurseries).
TENURE
The property is available on a new lease for a term to be agreed.
The lease will be drawn on the equivalent of Full Repairing and Insuring terms by way of a service charge for external maintenance and the upkeep of the common areas within the development.
RENT
The unit is available To Let on the basis of a rent calculated at £10.50 per sq ft based on a gross internal area of the space occupied.
The Landlord is prepared to discuss appropriate incentives, dependent upon each individual specific proposal.
VAT
VAT will be payable in addition to the rent at the prevailing rate.
LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.
The property is situated in a prominent location on Lincoln’s pedestrianised shopping precinct, close to a good number of national, regional and local retailers, including Poundland, Tesco, Iceland, JD Sports, Greggs, Costa and McDonalds. The main University campus is a short walk to the west and the 100% prime pitch immediately to the north.
Lincoln is one of England’s finest Cathedral cities and the administrative and major shopping centre for the county of Lincolnshire. It has a population of circa 543,367 and an established total catchment spend of £984.40 million. It is also a growing University city, with close to 15,000 students and academic staff based at the City’s main campus, contributing an estimated £250 million to the local economy.
Property
A large two storey retail unit occupying a prominent location on a strong secondary retail pitch at the southern end of Lincoln’s pedestrianised High Street precinct. Nearby retailers include Poundland and Iceland, Greggs, Nationwide, Tesco, JD Sports, McDonalds and Costa.
Lincoln is one of England’s finest Cathedral Cities and the administrative and major shopping centre for the county of Lincolnshire. It has a population of circa 543,367 and an established total catchment spend of £984.40 million.
It is also a growing University city, with close to 15,000 students and academic staff based at the City’s main campus, contributing an estimated £250 million to the local economy.
EPC: In course of preparation
Services
We understand that all mains supplies are available and connected to the property. These have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers.
Town & Country Planning
We understand that the property has consent for uses falling within Class E (Commercial, Business & Services Use) of the Town and Country Planning (Use Classes) Order (amended 2020). The property is situated within a Conservation area, but is not Listed.
Class E now encompasses a number of uses formerly known as A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & CafŽs), B1 (Business) and D1 (Clinics, Health Centre, Crèche & Day Nurseries).
Rates
Charging Authority: City of Lincoln Council
Description: Shop and Premises
Rateable value: £74,500
UBR: 0.512
Period: 2023-2024
Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.
Tenure
The property is available To Let by way of a new Full Repairing and Insuring lease for a minimum term of 10 years, subject to 5 yearly upward only rent reviews
Rent
Rental offers invited
VAT
VAT will be charged in addition to the rent at the prevailing rate
Legal Costs
Each party is to be responsible for their own legal costs incurred in documenting the transaction.
The property comprises of a ground floor retail premises having been a former butchers shop.
The premises benefit from large glazed frontage, rear storage and staff facilities partitioned out.
The unit is suitable for a variety of uses – subject to planning.
The overall approximate size is 601sq.ft.
Externally the property benefits from on street parking.
Prominent detached unit on corner of Linnell Way and Telford Way. Suitable for a variety of uses.
The walls of the property are constructed of composite panels under a pitched metal profile roof. The windows are part aluminium double glazed.
Internally the unit benefits from suspended ceilings with a mixture of fluorescent and LED lighting and single and three phase electrics, an alarm system, male and female WC’s and painted screed floor. The accommodation is mainly open plan with a partitioned off food preparation area fitted with while walling
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