Retail Property (high street)
Ground floor Retail unit in Prime Retail Location Shop width 8.85m, depth 20.29mRear storage building with ground and first floorsRent £28,500 per annum plus VAT
LOCATION
The property lies within the Prestigious building ‘20/21 Market Place’, occupying a prime retail location in Spalding town centre adjacent to Natwest Bank. Other multiple retailers in the immediate vicinity include New Look, Greggs, Lloyds Bank, WH Smith, Vodafone, Boots, Santander, Peacocks and Specsavers.
DESCRIPTION
The property has 2 display windows and a recessed doorway, and until recently has been occupied by Lloyds Pharmacy. The property is at ground floor only, and has ancillary areas and staff kitchen/WC in the rear parts, however there is a further attached storage building at the rear of the main building, with ground and first floor areas.
ACCOMMODATION
The main retail area provides accommodation on ground floor only, with the following dimensions:
Internal width 29’ (8.85m). Depth 66’ 6” (20.29m), including some partitioned off parts and including separate office and kitchen. There are additional ancillary storage areas at the rear and WC.
At the rear of the main building there is an additional attached storage building with ground and first floor areas. Ground Floor 6.02m max x 10.6m . First Floor 2.24m x 2.91m
AMENITIES
All areas have suspended ceilings. The main shop area has extensive lighting, timber laminate floors, counter and wall shelving, and the main shop area is served by air conditoning/heater units. A separate private office and kitchen areas lead off the main shop area, and to the rear store rooms, and WC. The further rear building has ground and first floors offering extensive storage, and these also give access to the rear door to the garden and rear gate.
SERVICES
Mains electricity, water and drainage. No gas. Heating is via combined Air con/heater units.
TERMS
The property is available by way of a new effectively full repairing and insuring lease for a term to be agreed, at a commending rental of £28,500 per annum plus VAT, subject to 5 yearly upwards only rent reviews.
OUTGOINGS
RV £35,000 (2023 List)
VAT
VAT is payable on the rent.
LEGAL COSTS
Each party to bear their own legal costs.
SERVICE CHARGE
A service charge is payable for the building.
PLANNING
The property lies in the primary shopping area of Spalding and is in the Conservation Area. It is expected that E class uses would all be permitted.
OTHER
The property has a pedestrian footpath from the rear building to Crackpool Lane. There is however no rear parking or direct vehicular access to the rear of the property.
VIEWING
Strictly by appointment only with R Longstaff & Co LLP - Commercial Department.
