Freehold Trade Counter Investment
Freehold Trade Counter Investment
Spalding is an attractive Lincolnshire market town benefitting from good road links with the A16 and A151 being located near by. The property is located in an established commercial area just north of Spalding town centre and south of Pinchbeck. Neighbouring occupiers include a number of distribution and manufacturing warehouses with tenants such as Royal Mail and Morrison's, trade counters and vehicle repair workshops.
Freehold.
Spalding is an attractive Lincolnshire market town benefitting from good road links with the A16 and A151 being located near by. The property is located in an established commercial area just north of Spalding town centre and south of Pinchbeck. Neighbouring occupiers include a number of distribution and manufacturing warehouses with tenants such as Royal Mail and Morrison's, trade counters and vehicle repair workshops.
Freehold.
The property comprises a ground floor semi-detached warehouses of steel portal frame construction on a site of approximately 0.067 Ha (0.166 Acres). There is a first floor mezzanine with office and storage accommodation. The property benefits from parking for approximately 12 vehicles.
VAT is applicable to this lot.
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
Six week completion
Band C
The property comprises a ground floor semi-detached warehouses of steel portal frame construction on a site of approximately 0.067 Ha (0.166 Acres). There is a first floor mezzanine with office and storage accommodation. The property benefits from parking for approximately 12 vehicles.
VAT is applicable to this lot.
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
Six week completion
Band C
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|
| Ground Mezzanine |
Warehouse Office/Storage |
251.36 32.40 |
(2,706) (348) |
SUNFLOWER SPALDING CASH AND CARRY LTD (1) |
A term of 10 years on a Full Repairing and Insuring Lease (2) |
£15,250 (2) |
Three yearly rent reviews |
| Total Approximate Floor Area |
283.76 |
(3,054) |
£15,250 |
(1) Sunflower Spalding Cash and Carry Limited (CRN 09777433) are suppliers of premium fresh and dried wholesale flowers in Spalding and the surrounding areas, they were incorporated in 2015. (www.sunflower-spalding.co.uk)
(2) A new FRI lease has been agreed with the occupier and is in the process of being drafted with the pertinent terms of 10 years at £15,250 per annum exclusive, three yearly rent reviews and a tenant option to determine the lease on the third anniversary of the term upon serving six months written notice. Further information will be available in the legal pack.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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