Light industrial to let in Newark Road, Lincoln LN5

The property comprises a modern mid-terrace unit of steel portal frame construction with brick/blockwork elevations and corrugated sheet cladding above, beneath a metal profile clad roof.

The property is primarily used for storage although benefits from ancillary office and meeting room facilities, with a WC, Kitchenette and a mezzanine providing extra storage space.

Externally the property benefits from 2 car parking spaces and unloading/loading facilities. There is separate pedestrian and vehicular access doors.

Location

The property is located within the popular and expanding Lincoln Enterprise Park, just off the A46 dual carriageway, approximately ½ mile south west of the Lincoln Bypass. The site is approximately 7 miles to the south of Lincoln City Centre with Newark and the A1 being approximately 9 miles to the south.

Services

We understand that mains water, electricity and drainage supplies are available and connected to the units. These have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers.

Town & country planning

We understand that the property has consent for uses falling within Class B2 and B8 of the Town and Country Planning (Use Classes) Order 1987 (as amended 2020).
Interested parties are advised to make their own investigations with the Local Planning Authority.

Accommodation sq M sq ft

Gf gia 287.86 3,097
Mezzanine 281.30 3,026
Total area 569.16 6,123

Tenure

The property is available To Let by way of a new Full Repairing and Insuring lease, for a term to be agreed.
Alternatively the owners may consider a sale of the Freehold interest.

Rent

To let - £27,500 per annum exclusive
May sell - Offers in excess of £375,000

Service charge

A service charge may be levied to cover the upkeep, maintenance and repair of all common parts of the development.

VAT

VAT will be charged in addition to the rent at the prevailing rate.

Legal costs

Each party is to be responsible for their own legal costs incurred in documenting the transaction.