Part of an established retail precinct located in a prominent central location on Southgate, currently undergoing refurbishment, First Phase now completed, available on a new lease, Costa Coffee and Card Factory located nearby
The unit provides the following net internal floor area:-
73.95 sq m (796 sq ft)
EPC Rating: C72
Located in the heart of Sleaford town centre, The Riverside is an attractive pedestrian precinct that is currently undergoing a programme of refurbishment. Phase 1 of the refurbishment work was completed in Summer 2017, with work on Phase 2 comprising a large anchor unit for the scheme starting shortly. The Centre has a good tenant mix including Costa Coffee and Card Factory within 17 retail units and there is residential accommodation above which benefit from a picturesque riverside location. The precinct leads through to a Sainsbury’s supermarket and public car park to the rear, which provides over 100 spaces.
Sleaford is a popular town at the junction of the A15 and the A17 roads with a population of about 18,000 and a catchment of about 25,000. It is the administrative centre of the North Kesteven District and provides the base for the main headquarters of Interflora.
TOWN AND COUNTRY PLANNING
The current use of the unit is retail falling within Class A1 (Retail) of the Town and Country (Use Classes) Order 1987 (as amended). Alternative A3 (Restaurants and Cafés) and A2 (Financial and Professional Services) uses are also considered appropriate subject to the receipt of Planning Permission.
The unit is available on a new lease on the equivalent of Full Repairing and Insuring Terms for a term of years to be agreed. Where the lease exceeds 5 years the lease will be subject to upward only rent reviews.
£12,000 per annum exclusive payable quarterly in advance
A service charge contribution is payable towards the external maintenance of the centre and common parts. Services provided include buildings insurance, CCTV system, caretaker services, fire alarm maintenance and external repairs. Please contact the agents for further details.
VAT will be charged in addition to the rent and service charge figures at the prevailing rate.
The ingoing tenant is to be responsible for the landlords’ reasonable legal costs incurred in documenting the new lease.
To view the premises and for any additional information please contact the sole agents.