Prominent town centre two storey retail unit, ground floor open-plan retail area with first floor storage area, office, kitchen & WC facilities, overlooks main Square and Market Place, available on a new lease.
The property is arranged over ground and first floor with frontage onto Hall Place. The ground floor comprises a large open plan retail area whilst the first floor provides additional storage, an office, kitchen and toilets.
The property occupies a prominent position in Spalding’s main shopping vicinity, just off the Market Place. There are a wide range of national multiple retailers located nearby including Costa, WH Smith, Boots, Superdrug and Dorothy Perkins. The Market Place is also home to a number of national banks including Lloyds, HSBC and Nationwide.
Hall Place is easily accessible by car, with time limited free parking available nearby on New Road and Sheep Market.
Spalding is a thriving market town with a population of circa 30,000 people and is situated on the River Welland within the District of South Holland. The town is located with easy access via the A16 through to Peterborough to the south, and the A1 and A17 to the north. Spalding also benefits from a rail connection service to London (via Peterborough).
We understand that mains water, electricity and drainage 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 AND 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 1987 (as amended 2020).
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 & Café), B1 (Business) and D2 (Assembly & Leisure).
Charging Authority: South Holland District Council
Description: Shop and Premises
Rateable value: £19,500
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.
The property is available To Let on a new Full Repairing and Insuring lease.
£22,000 per annum exclusive
VAT will be charged in addition to the rent at the prevailing rate.
Each party is to be responsible for their own legal costs incurred in documenting the transaction.
To view the premises and for any additional information please contact the sole agents.