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SHOP
GRANTHAM
Unit 26/27, The Square, Isaac Newton Centre, NG31 6EE
Retail Units TO LET
94.30 - 504.64 Sq m (1,015 - 5,432 Sq ft)
Location
The available units are situated in prime locations in the centre in close proximity to the Morrisons food store, Specsavers, Shoe Zone, Peacocks and Thorntons.
The Isaac Newton Centre is Grantham’s primary shopping centre with other retailers within the scheme including Holland & Barrett, Costa, Thomas Cook and Superdrug.
Description
The units comprise premises arranged over ground and first floors.
Planning
The units benefit from Class A1 planning permission.
Rating
We are verbally advised the Rateable Values for the units are:
| Unit 4 | £34,750 |
|---|---|
| Unit 22 | £39,500 |
| Unit 25 | £44,000 |
| Unit 26/27 | £95,500 |
The UBR for 2010/2011 is 41.4p.
VAT
All figures quoted are exclusive of Value Added Tax which will be charged at the prevailing rate.
Accommodation
The units comprise the following approximate floor areas:
| Sq m | Sq ft | |
|---|---|---|
| Unit 4 - Ground Floor | 56.95 | 613 |
| Unit 4 - First Floor | 37.35 | 402 |
| Unit 22 - Ground Floor | 100.24 | 1,079 |
| Unit 22 - First Floor | 31.77 | 342 |
| Unit 25 - Ground Floor | 118.82 | 1,279 |
| Unit 25 - First Floor | 71.53 | 770 |
| Unit 26/27 - Ground Floor | 263.47 | 2,836 |
| Unit 26/27 - First Floor | 241.17 | 2,596 |
Note: These areas have been calculated on an approximate net internal basis and must be verified by the ingoing tenants.
Terms
The units are available to let by way of new full repairing and insuring leases for terms to be agreed, subject to 5 yearly upward only rent reviews at the following commencing rentals:
| Unit 4 | £36,850 per annum exclusive |
|---|---|
| Unit 22 | £41,300 per annum exclusive |
| Unit 25 | £44,500 per annum exclusive |
| Unit 26/27 | £99,500 per annum exclusive |
The initial annual service charge and building insurance for the units will be in the region of:
Unit 4 £2,160/£400
Unit 22 £2,800/£665
Unit 25 £2,500/£600
Unit 26/27 £9,800/£2,100
Viewing
Strictly by appointment through joint agents.
Contact
