Description
PROPERTY
The property comprises a terrace of 7 brand new high quality industrial units complete with fully insulated walls and roof, 3 phase electricity, LED lighting, individual cell phone connected intercom system, insulated roller doors and WCs.
Externally the site is located in a secure gated area with ample parking including electric charging points and monitored AI CCTV.
Location
Prial Parc is prominently located on Weaver Road, part of the South West Business Quarter of Lincoln, 6 miles south west of the City Centre. The industrial estate is located within 1/2 mile of the A46, an arterial route into Lincoln. The A46 provides a convenient transport link to the A1 and thereafter.
Amenities nearby include Ibis Lincoln, Costa Coffee, KFC as well as numerous regional covenants including Cool Milk, Nicholsons Chartered Accountants, Almond Financial and QS Recruitment Ltd.
Services
We understand that mains water, electricity and drainage supplies are available and connected to the property. These have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers.
Town & country planning
We understand that the property has consent for uses falling within Class E(g), B2 & B8 (Commercial, Business & Services Use) of the Town and Country Planning (Use Classes) Order 1987 (as amended 2020).
Interested parties are advised to make their own investigations with the Local Planning Authority.
Rates
Charging Authority: North Kesteven District Council
Description: Warehouse and Premises
Rateable value: To be assessed
UBR: 0.512
Period: 2023-2024
Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.
Tenure
The units are available To Let by way of new Full Repairing and Insuring leases, for a period to be agreed.
Alternatively, our clients may consider a sale subject to vacant possession.
Price available on application.
Rent
Unit 1 - £18,200 p.a.x
Unit 2 - £18,200 p.a.x
Unit 3 - £10,598 p.a.x
Unit 4 - £10,598 p.a.x
Unit 5 - £10,682 p.a.x
Unit 6 - £10,598 p.a.x
Unit 7 - £20,734 p.a.x
Service charge
A service charge may be levied to cover the upkeep, maintenance and repair of all common parts of the development.
VAT
VAT may be charged in addition at the prevailing rate
Legal Costs
Each party is to be responsible for their own legal costs incurred in documenting the transaction.