For SaleInvestment

Screwfix Investment, Riverside Enterprise Park, Saxilby, Lincolnshire, LN1 2LR

Description

Unit 5 comprises a brand new trade counter unit of profile clad steel portal frame construction, power floated concrete floor.  The minimum working height is 5m and the unit benefits from a three phase electricity supply as well as electric up and over roller shutter doors to the front and rear. The unit has been fully fitted by Srewfix as a trade counter unit open to the public and there are a total of 5 parking spaces.

LOCATION

The site occupies an excellent position adjacent to the A57 at Saxilby to the west of Lincoln. The position provides quick access to the A1 (13 miles) and A46 Lincoln bypass (5 miles). The A57 trunk road is used by in excess of 12,000 vehicles per day.

SITUATION

The property is situated in a prominent position in an excellent location 4 miles south-west of Lincoln City centre. Nearby occupiers include Metro Rod and Agrigem.

TENANCY

The property is occupied by Screwfix Direct Limited (Company Registration 03006378) on the following lease terms:

10 years from 5th December 2022.

No break clause.

Full repairing and insuring obligation.

£25,000 per annum exclusive.

Upwards only, open market rent review at the end of year 5.

Within the LTA 1954.

Town & Country Planning

Screwfix changed the planning from Class E (Commercial, Business and Service Use) to Class B8 (Storage or Distribution) under application number 145657, dated 06/10/2022.  This can be viewed on West Lindsey District Council’s website.

Interested parties are advised to make their own investigations with the Local Planning Authority.

VAT

VAT may be charged in addition to the price at the prevailing rate, albeit it is expected that the sale will be progressed as a TOGC.

Legal Costs

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