For Sale / To Let - Under OfferDetached Workshop Premises

Units 1 & 2, Tritton Road, Lincoln, Lincolnshire, LN6 7QY

Description

The property comprises a former car repair workshop building of steel portal frame construction with brick/block walls surmounted by lined corrugated sheet cladding and a similarly clad roof.

It has a central pedestrian access and block of staff/WC facilities, plus two vehicular access doors.

Internally, the open plan workshop space has tiled floor, suspended lighting and various fixtures/fittings associated with the former use.

The property is capable of sub-division into two units.

Externally, there is an ample fenced and gated yard area.

* In the event of a sale, it will include the adjacent small separately Let vehicle workshop plus yard.

LOCATION

The premises are located just off Tritton Road, a short distance from its junction with Skellingthorpe Road to the south west of Lincoln city centre.

The building is within an established commercial position neighboured by the YMCA activity centre The Showroom, DW Sports Gym and Pentagon motor dealerships.

SERVICES

We understand that mains 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 AND COUNTRY PLANNING

We understand that the property has consent for uses falling within the Sui Generis (Motor Trade) Use Class of the Town and Country Planning (Use Classes) Order 1987 (as amended 2020).

Alternative uses may be deemed appropriate, subject to receipt of necessary Planning Consent.   Interested parties are advised to make their own investigations to the Local Planning Authority.

RATES

Charging Authority:  City of Lincoln Council
Description:  Vehicle Repair Workshop and Premises
Rateable value:  £77,000
UBR:  0.512
Period:  2020-2021

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.

* Rates for the adjacent workshop TBC.

TENURE

The property is available To Let either as a whole or two units by way of a new Full Repairing and Insuring lease for a term of years to be agreed.

Alternatively, the owners may consider offering the Freehold For Sale, subject to the contents of the Agents Note below.

RENT / PRICE

Rent:   £105,000 per annum exclusive

Price: £1,400,000 *including adjacent workshop referenced below

AGENTS NOTE

If the owners are to consider a sale of the Freehold interest then this will be subject to vacant possession on the aforementioned workshop building.   It will also include the adjacent detached motor trade workshop that totals about 2,000 sq ft and is Let at £20,000 p.a.x.

Further details are available upon request.

SERVICE CHARGE

A service charge may be levied to cover the upkeep, maintenance and repair of any common parts of the development.

VAT

VAT may be charged in addition to the rent/price at the prevailing rate.

LEGAL COSTS

Each party is to be responsible for their own legal costs incurred in documenting the transaction.