Commercial property for sale in Lincoln, England

Location  The property is prominently located with frontage onto Skellingthorpe Road and access from Sixfield Close, close to the junction of Skellingthorpe Road with the level crossing. Skellingthorpe Road is located approximately three miles south-west of the City Centre, accessible via the nearby Tritton Road (A1192). Additionally, there is excellent access to the East Midlands and National Motorway Network via the A46 Bypass which is also accessed directly off Skellingthorpe Road.   Description  For Sale/To Let - We are pleased to offer for sale this very rare opportunity of acquire a Freehold Showroom & Workshop Building with Vacant Possession, prominently fronting onto Skellingthorpe Road (B1378), close to its junction with the railway crossing. The site currently accommodates a furniture showroom with large car park fronting onto Skellingthorpe Road, whilst to the rear is a separate vehicle repair and MOT centre, together with further ancillary car parking. The site is, therefore, considered suitable for use by a single occupier or could be continued to be occupied separately. The property occupies a site area of 0.56 acres and the showroom accommodation extends to 449 sq.m (4,833 sq.ft). The rear workshop accommodation extends to a further 139 sq.m (1,495 sq.ft). In addition to the existing use of the premises, the site is considered to have potential for residential development, subject to the necessary Planning Consents required. Consideration may given for a Lease for part/whole of the site.   Accommodation  Showroom with frontage onto Skellingthorpe Road, being open-plan and having a width of 30m and depth of 16m and an extensive glazed frontage onto a dedicated tarmacadam surfaced car park. To the rear there are male and female WC facilities which are shared with the rear workshop/garage premises.   The principal workshop incorporates two vehicle access bays, currently fitted with ramps and MOT testing equipment. In addition, there is a further roller shutter door providing vehicular access and giving access to a works office. In addition, there is a customer reception area and storage compartment with ample vehicle parking surrounding the premises. The workshop element of the building extends to 139 sq.m (1,495 sq.ft).   Services  Mains electricity, drainage and water are connected including a Three-Phase power supply. Gas is also understood to be available but not currently connected.   EPC - B  Tenure The property is understood to be held on a Freehold basis.   Lease Terms - The property is available to let for a term of years to be agreed at an initial rental of £37,500 per annum for the showroom only. The Lease will be subject to three yearly rent reviews and the property is available on a conventional Full Repairing & Insuring basis. A deposit will be payable by the ingoing Tenant. Consideration will be given to a Lease for both the showroom and garage with an initial rent of £50,000 per annum.   Rates  Rateable Value for Showroom - £22,500  Rateable Value for Vehicle Repair Workshop - £7,100   Small Business Multiplier (2023/2024) 49.9p in the £.   The property qualifies for Small Business Rates Relief, depending on individual circumstances.   VAT  VAT is payable at the prevailing rate.   Legal Costs  Each party will be responsible for their own legal fees.   In the event of agreeing a Lease, the ingoing Tenant will incur a referencing fee of £120 inc VAT per person named on the Lease, together with the Landlord's reasonable legal costs in association with the production of the Lease.   Viewing  Via Mundys Commercial -

Commercial property for sale in Lincoln, England

Showroom for sale

Description

Need Broker Assistance?