Part of an established retail precinct located in a prominent location on Southgate, Retail unit in prime location just off Southgate, Centre currently undergoing refurbishment – Phase 1 now completed, Costa Coffee and Card Factory nearby
A detached unit with frontage towards Southgate and a prominent position within The Riverside Centre.
EPC Rating: E105
The property provides the following accommodation:
Ground Floor Sales 1,139 sq ft
First Floor Sales 848 sq ft
Total: 1,987 sq ft
Located in the heart of Sleaford town centre, The Riverside is an attractive pedestrian precinct located at the northern end of Southgate. The Centre has a good tenant mix including Costa Coffee and Card Factory and is undergoing a programme of refurbishment with the first phase having been completed in 2017 and phase 2 due to start imminently. 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 Class A2 (Financial and Professional Services) of the Town and Country Use Classes Order 1987 (as amended). Alternative use falling within Use Class A1 (Retail) and A3 (Restaurants and Cafés) 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.
£22,500 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 Landlord’s reasonable legal costs incurred in documenting the new lease.
To view the premises and for any additional information please contact the sole agents.