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SHOP
GRANTHAM
Unit 13, The Pantiles, Isaac Newton Centre, NG31 6EE
Retail Units TO LET (6 MONTHS RENT FREE)
76.73 - 102.19 Sq m (826 - 1,100 Sq ft)
Location
The available units are situated on The Pantiles and Welby Street, the former providing the link between the main mall in the centre and the adjacent bus station, the latter adjacent to one of the entrances to the centre and opposite the pedestrian access to the Guildhall Street car park.
The Isaac Newton Centre is Grantham’s primary shopping centre, anchored by a Morrisons food store with other notable retailers including Specsavers, Costa, Peacocks, Holland & Barrett, Thorntons and Superdrug amongst others.
Description
The available units are arranged over ground floor only, Unit 13 being fully fitted and Unit 18 partially fitted with suspended ceiling and integrated lighting. Unit 18 also benefits from rear servicing.
Planning
The units benefit from Class A1 planning permission.
Rating
We are verbally advised the 2010 Rateable Values for Units 13 and 18 are £17,750 and £12,750 respectively, the UBR for 2010/2011 being 40.7p.
Interested parties are advised to make their own enquiries to the Local Authority for verification purposes.
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 13 | 76.73 | 826 |
| Unit 18 | 102.19 | 1,100 |
Note: The above 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 13 | £18,000 per annum exclusive |
|---|---|
| Unit 18 | £13,000 per annum exclusive |
Note: We are also able to offer short term lets of the units. Details upon application.
The initial annual service charge and building insurance for the units will be in the region of:
Unit 13 £1,300/£280
Unit 18 £1,300/£390
An incentive equivalent to 6 months rent free is available subject to covenant status and length of lease, to be given as a reduced rent over the first year of the term.
Viewing
Strictly by appointment through joint agents.
Contact
