Retail premises to let in Guildhall Street, Grantham NG31

Location

The property is situated on Guildhall Street with return frontage to Kings Walk, a busy thoroughfare between Guildhall Street and Westgate in the town centre. There is good parking with street parking close by and a large public carpark opposite. The wider area comprises a typical town centre with a variety of shops, commercial units, cafés and restaurants and professional services. Grantham is a growing market town with a current population of approximately 45,000 and benefits from great connectivity with the A1 Great North Road close by as well as The East Coast Mainline running through, linking it to London and the North. Grantham is located approximately 15 miles south of Newark and 23 miles north of Stamford.

Description

This ground floor unit comprises a main retail area with store room and W.C to the rear. The property benefits from a prominent corner location with return frontage, suspended ceiling with recessed LED lighting and a bay window.

Please note that the property will be refurbished before a new lease is granted.

Accommodation

We have calculated the net internal floor area to be as follows;

total NIA 39.25 sq m (422 sq ft)

Services

We understand that mains electricity, water and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Commercial List and prospective lessees must rely on their own investigations as to their existence and condition.

Business rates

From enquiries made though the Valuation Office website, we understand that the following rating assessment applies;

Rateable value: £6,900

This property is eligible for small business rates relief. However interested parties should make their own enquiries as to the amount of rates payable.

Terms

The property is available to let on a new full repairing and insuring lease for a term to be negotiated at an asking rent of £9,800 plus VAT per annum.

EPC

Energy rating: C

VAT

We understand that VAT will be charged.

Legal costs

Each party to pay their own legal costs incurred.

Agents note

Under the Estate Agents Act of 1979, we hereby give notice that an employee of Commercial List is a relative of the owner of this property.