About this property

Detailed Description

The Unit briefly comprise of a modern, Industrial/Storage Unit around 900 sq. ft which is of steel portal frame construction with brick and block walls to the base and with profiled and insulated metal cladding above to eaves height as well as to the pitched roof covering. The units benefit from electric roller shutter doors to the rear together with a 3-phase electricity supply, and a disabled/unisex WC facility. The eaves height of is approximately 5 metres (16 ft 6 inches). The unit also benefits from 3 designated parking spaces.

Location

Exchange Business Park is located off Doddington Road which leads from the A46 which bypasses the City of Lincoln. The surrounding area is predominately Commercial in nature and home to many of the City's Manufacturing and Logistical Businesses.

Accommodation

Description Sq M Sq Ft
Industrial/Storage Unit 83.6 900

The property has been measured on a gross internal basis.

Business Rates

Having carried out an online search via The Valuation Office Agency website, we believe that Unit 6F is assessed under the 2023 Rating List as a Workshop & Premises with a Rateable Value of £5,000.

Subject to the ingoing tenant meeting certain criteria, it is possible to claim up to 100% exemption from the payment of Business Rates utilising the Government's Small Business Rate Relief Initiative.

We would recommend that prospective tenants contact Lincoln City Council to ascertain the level of Business Rates payable in respect of the property and the potential for claiming exemption for part or all of the liability. Tel: 01522 881188.

Services

We understand that the Unit is connected to mains electricity (3 phased), water, and drainage.

Prospective tenants are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to making an offer to take a new lease in respect of any the properties available.

Viewing

Strictly by prior appointment with the Sole Letting Agents:

5 Oakwood Road
Lincoln
LN6 3LH

William Gaunt
01522 504322
07919 694235
william.gaunt@brown-co.com

VAT

We have been informed that the Landlord has elected to charge VAT.

Legal Costs

Each party will be responsible for their own legal costs in respect of preparing any new lease negotiated.

Other

EPC RATING
The Unit has an EPC rating of D86.

PLANNING
We understand that the Unit now falls under Use Class E of the Use Classes Order 2020.

For further information in respect of planning-related matters, potential tenants are advised to contact the Planning Department at Lincoln City Council Tel: 01522 881188.

Terms

LEASE TERMS
Unit 6F Exchange Business Park is to be made available by way of a new effective full repairing and insuring lease for a minimum term of 5 years.

RENTAL TERMS
£7,500 P.A.X.

Further information in this regard is available from Brown & Co JHWalter as Sole Letting Agents.