TYPERetail, Office, General Retail, Retail - High Street, Offices
POSTED ON21st February 2020
LOCATION Grantham is a growing market town with a current population of approximately 45,000. In coming years there is set to be 3,700 houses built as well as a health centre and shops at The Spittlegate Heath Development which is only approximately 1 mile away from the subject property. This property benefits from being situated on a prominent corner of Kings Walk Shopping Arcade which is a busy cut through from Guildhall Street to Westgate. Grantham is located approximately 15 miles South of Newark and 21 miles North of Stamford.
DESCRIPTION This unit comprises of a substantial three story building with store area, W.C and kitchen suitable for office or retail uses. The property benefits from a large visual shop frontage on a prominent location and a security roller shutter.
ACCOMMODATION The premises have been measured in accordance with the RICS code of measuring practice on a net internal floor area basis.
Floor Room Sq m Sq ft Ground Retail/ office space 43.08 464 First Retail/ office space 51.02 549 First Kitchen 4.5 48 Second Store 23.57 254 Total 122.17 1,315
SERVICES We understand that mains electricity, water and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Richardson and prospective purchasers must rely on their own investigations as to their existence and condition.
BUSINESS RATES From enquiries made of the Valuation Office website, we understand that the following rating assessment applies:- Rateable Value: £9,400
Interested parties should however rely on their own enquires as to the amount of rates payable.
TERMS The property is available on a new full repairing and insuring lease for a term to be negotiated. There will be a small service charge for the upkeep and maintainance of the common area and disposal of business waste.
VAT We understand that the property is elected for VAT.