About this property

Detailed Description

The property is a semi-detached, single storey industrial unit of brick construction with a corrugated asbestos sheet roof. The property currently has double panelled barn style sliding doors at the front which are due to be replaced with a new electric roller shutter door prior to a new tenant taking occupation. The property has roof lights and an eaves height of approximately 3.0 metres.

The unit has WC's and an office at the front. The toilet facilities are due to be refurbished when the current tenant vacates the property.

The property has vehicular access from Newark Road via a shared private tarmac road into a communal courtyard. Outside the property there is parking for three cars.

Location

Lincoln is a Roman City which has grown dramatically over the last 20 years and which currently has a resident population, to include North Hykeham, of approximately 130,000 people. The A46 bypasses the City and links it to the A1 at Newark approximately 16 miles away. Lincoln has an established rail connection to London Kings Cross with a fastest journey time of approximately 2 hours.

Unit 4, Hereward Business Centre is situated around 4.3 miles to the South of the City Centre, just off the Newark Road. Newark Road is a busy road that leads directly onto the A46 bypass which is just 1.4 miles to the South West, and also provides quick access into the City Centre.

Accommodation

The property has been measured on a gross internal basis.

Industrial / Storage & WC - 176.7 sq m / 1,902 sq ft

Business Rates

According to the Valuation Office Agency website the property is included in the 2023 Rating List with a Rateable Value £8,500.

Subject to each ingoing tenant meeting certain criteria, it is possible to claim up to 100% exemption from the payment of Non-Domestic Business Rates utilising the Government's Small Business Rate Relief Initiative. For further information in this regard, potential tenants should discuss this matter with North Kesteven District Council Tel: 01529 414155.

Services

We understand that the Unit is connected to mains electricity (3-phase), 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 this property.

Viewing

For further information or to arrange a viewing please contact:

Brown & Co
5 Oakwood Road
Lincoln
LN6 3LH

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

VAT

We have been advised that the landlord has not 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

TOWN AND COUNTRY PLANNING

We understand that the property has an established use now falling 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 North Kesteven District Council Tel: 01529 414155.

EPC

The property has an EPC rating of TBC.

Terms

Unit 4, Hereward Business Centre is to be made available by way of a new effective full repairing and insuring lease for a minimum term of 3 years.