Retail premises to let in Unit 14-16 The Riverside Shopping Centre, Southgate, Sleaford NG34

£80,000 pa (£12.31/sq. ft. pa)
Retail premises to let 6,500 sq. ft*
Interested in this property? Call +44 1522 397760 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Property/accommodation


The unit when completed will provide net internal floor areas:-
603.87 sq m (6,500 sq ft)

With a ground floor sales area of approximately 464.51 sq m (5,000 sq ft)

EPC Rating: To be confirmed


Location


Located in the heart of Sleaford town centre, The Riverside is an attractive pedestrian precinct that is currently undergoing a programme of refurbishment. Phase 1 of the refurbishment work was completed in Summer 2017, with work on Phase 2 comprising this large anchor unit for the scheme, due to start shortly. The Centre has a good tenant mix including Costa Coffee and Card Factory within 17 retail units and there is residential accommodation above which benefit from a picturesque riverside location. The precinct leads through to a Sainsbury’s supermarket and public car park to the rear, which provides over 100 spaces.

Sleaford is a popular town at the junction of the A15 and the A17 roads with a population of about 18,000 and a catchment of about 25,000. It is the administrative centre of the North Kesteven District and provides the base for the main headquarters of Interflora.


Town and country planning


The proposed use of the unit is retail falling within Class A1 (Retail) or alternative uses falling within Classes D1 (Non-Residential Institutions), D2 (Assembly and Leisure) and Class A3 (Restaurants and Cafés) of the Town and Country (Use Classes) Order 1987 (as amended) are also considered to be appropriate subject to the receipt of Planning Permission.


Tenure


The unit will be available on a new lease on the equivalent of Full Repairing and Insuring Terms for a term of 10 years, subject to 5 yearly upward rent reviews.


Rent


£80,000 per annum exclusive payable quarterly in advance


Service charge


A service charge contribution is payable towards the external maintenance of the Centre and common parts. Services provided include buildings insurance, CCTV system, caretaker services, fire alarm maintenance and external repairs. Please contact the agents for further details.

VAT will be charged in addition to the rent and service charge figures at the prevailing rate.


Legal costs


The ingoing tenant is to be responsible for the landlords’ reasonable legal costs incurred in documenting the new lease.


Viewing


To view the premises and for any additional information please contact the sole agents.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Banks Long & Co, LN1 on +44 1522 397760 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Banks Long & Co, and do not constitute property particulars. Please contact Banks Long & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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