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£750,000
Gainsborough, Lincolnshire, An excellent opportunity to
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Price:
£750,000 Get Prequalified Today
Contact:
01522 536777
Location:
Gainsborough, Lincs
Description:
An excellent opportunity to acquire this superb factory premises with ground floor office premises together with first floor showroom/storage and modern warehousing and manufacturing space. The building extends to in the region of 1,358 sq m (14,612 sq ft). Viewing is highly recommended to appreciate the quality of space that is on offer for £51 per sq ft.
SITUATION
Lincolnshire is one of the fastest growing economies in the UK, and its capital Lincoln is ranked third out of thirty five centres within the East Midlands (Experian Retail Centre ranking 2002 report) with a diverse range of shops and businesses.
Lincolnshire is experiencing major investment from industrial, agriculture, food and other operators together with major investments by the Ministry of Defence and the expansion of their military bases.
Lincoln now has the benefit of being connected to the A46 dual carriageway linking to the main A1 and the national motorway network. It is approx 15 mins from Newark Northgate station which benefits from a regular National Express service to London's Kings Cross with a minimum journey time of 1 hour 20 mins. Lincoln is 142m north of London, 75m from Leeds, 52m from Leicester, 36m from Nottingham, 60m from Peterborough and 48m from Sheffield. Lincoln is therefore strategically located to benefit the region as a whole.
SITUATION
Gainsborough is undergoing major regeneration with the 39 million Marshall's Yard development with phase 1 having recently been completed including 100,000 sqft of retail, 50,000 sq ft of offices together with leisure, trade counter and apartments with secure parking when complete. Many of the High Streets national names have moved into the site including Next, JJB Fitness, M&S Food, Allied Carpets, New Look. Gainsborough also boasts an internationally recognised 18 hole golf course owned by PING on the outskirts of the town. There is also major regeneration along the River Trent including the Granary Wharf development which has recently been completed. Gainsborough is also close to the Doncaster Finningley Robin Hood Sheffield Airport, the main GNER service at Retford to London Kings Cross and Doncaster Station.
LOCATION
The Heapham Road Industrial Estate is a popular industrial estate situated on the outskirts of the town of Gainsborough having direct access onto the A631 dual carriageway and is approximately one and half miles from the town centre.
DESCRIPTION
The property comprises a modern high quality industrial premises built and extended over the last 10 years of a steel portal frame construction with brick and blockwork, insulated profile sheeting situated in a secure yard shared with an adjoining party. The yard is fully fenced.
ACCOMMODATION
The accommodation more particularly comprises:
1358 sq m (14,612 sq ft)
Floor plans available by request.
TOTAL OFFICE AREA
72.0 sq m (755 sq ft)
RECEPTION / OFFICE AREA
OFFICE 1
OFFICE 2
KITCHEN AREA
SMALL INTERNAL STORAGE
3.7 sq m (40 sq ft)
GRND FLR W/HOUSE BAY 1
453.8 sq m (4885 sq ft)
GRND FLR W/HOUSE BAY 2
530.0 sq m (5,700 sq ft)
GRND FLR W/HOUSE BAY 2
(Looking into Bay 1)
1ST FLR MEZZANINE
187.0 sq m (2,012 sq ft)
1ST FLR SHOWROOM
111.5 sq m (1,200 sq ft)
OUTSIDE
The property benefits from a tarmaced yard area providing parking and a shared communal access road with the adjoining property.
OUTSIDE
OUTSIDE
TOWN & COUNTRY PLANNING
The property has planning permission for B1, B2 and B8 light industrial, distribution and general industrial use under the Town & Country Planning Use Class Orders 1987.
SERVICES
3 Phase electricity, mains water, drainage and gas are connected to the property. However, no suppiles were tested at the time of inspection.
A new boiler and full alarm system has recently been installed.
RATES
We are verbally informed by the local Rating Authority that the current rateable value of the accommodation is 38,750 and the Rates Payable are 17,747. Interested parties are advised to make their own enquiries with West Lindsey District Council on 01427 676676, for verification purposes.
TENURE
The property is offered on a freehold or leasehold basis.
TERMS
Offers in the region of 750,000 for the Freehold interest. Alternatively the property is available by way of a new lease (for a term to be agreed) at offers in the region of 60,000 per annum exclusive.
VAT
The price expressed in these particulars is exclusive of VAT at the appropriate rate.
LEGAL COSTS
If a lease is taken of the premises, then the ingoing tenant is to be responsible for the landlords' legal costs as well as their own, in the usual way
VIEWING
Viewing is strictly by appointment with the sole agents:
Pygott & Crone
Lawrence House
27-29 Clasketgate
Lincoln
LN2 1JJ
Tel: 01522 536777
Fax: 01522 787603
FIXTURES AND FITTINGS
Items described in these particulars are included in the sale, all other items are specifically excluded. We cannot verify that they are in working order, or fit for their purpose. The buyer is advised to obtain verification from their solicitor or surveyor. Measurements shown in these particulars are approximate and are given as room guides only. These must not be relied upon or taken as accurate. Purchasers must satisfy themselves in this respect.
COMMERCIAL LEASE CODE
You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends that you seek professional advice from a qualified surveyor, or solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The code is available through professional institutions and trade associations.
NOTE
The Money Laundering Regulations 2003 has been extended to include estate agency work with the definition of relevant business. Estate agency is as defined in the Estate Agents Act 1979. Auctioneers and estate agents will have to put certain anti-money laundering procedures into place. Failure to do so will be a criminal offence that carries a penalty of a maximum of two years imprisonment, or a fine or both.
The principal requirements are identification of clients, record keeping, internal reporting procedures and employee training and awareness.
This footer paragraph is an example only and should not be relied upon as complying with current legislation. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
Property Type:
Single-Family Houses
Sq feet:
755 sq. ft.
Amenities:
Alarm, Storage
For sale by:
Agent/Broker
Phone:
01522 536777
Posted:
Contact:
01522 536777
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Let me know if you have any questions. – Pygott & Crone - Commercial
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Gainsborough, Lincolnshire, An excellent opportunity to is a Houses for Sale in Gainsborough LIN. Find other listings like Gainsborough, Lincolnshire, An excellent opportunity to by searching Oodle Marketplace for Houses for Sale in Gainsborough LIN.
Gainsborough, Lincolnshire, An excellent opportunity to is a Houses for Sale in Gainsborough LIN. Find other listings like Gainsborough, Lincolnshire, An excellent opportunity to by searching Oodle Marketplace for Houses for Sale in Gainsborough LIN.