Scotgate Mews

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Key Points

Summary

Prominent office building in Stamford town centre - investment/development opportunity

Description

The property comprises 2, two-storey office buildings of brick construction with predominantly open plan offices at ground and first floor level. Unit 1 has a large open plan office on the first floor, a board room and kitchenette on the ground floor, air conditioning, a mixture of LED and fluorescent lighting throughout, a server room, WC’s and 6 car parking spaces. Unit 2 is currently used as treatment room with LED lighting and a WC. Unit 3 has an open plan office with a kitchenette, LED lighting and 1 car parking space. Unit 4 has an open plan office with a kitchenette, fluorescent lighting and 1 car parking space.

Viewings

Strictly by appointment with the sole agents.

Location

The historic town of Stamford offers a wide range of recreational, education and shopping facilities (including Waitrose) and has easy access to the A47 and A1. Stamford is located 1 mile east of the A1 Trunk Road, Peterborough is 12 miles away to the south-east and Grantham 20 miles to the north. Scotgate is located close to Stamford town centre which is a short walk away. Nearby is the railway station which offers commuters a regular service to Peterborough, which in turn has a high-speed rail link to London Kings Cross with a journey time of about 50 minutes. The property occupies a prominent location on Scotgate, close to the town centre with a large public car park opposite the property.

Terms

The property is available for a sale freehold.

Tenancy Schedule

Unit 1 - Let to Urban Edge Architecture - Tenant only 6 month rolling break option & Rent Review 2023 - lease ends 2025 - rent: £20,000 pax
Unit 2 - Let to Aquilia Acupuncture - Break Clause 2025 - lease ends 2028 - rent: £3,600 pax
Unit 3 - Let to Urban Edge Architecture - Tenant only 6 month rolling break option & Rent Review 2023 - lease ends 2025 - rent: £8,000 pax
Unit 4 - Let to Landmark Media - Break Clause 2025 - lease ends 2027 - rent: £8,250 pax