For SaleLeisure Investment

Description

PROPERTY

The property comprises a detached building utilised for Bingo Hall use, being of steel portal frame construction with steel sheet clad elevations and fibre-cement sheet clad roof. There is a pedestrian entrance porch to the front of the property with separate fire exit and vehicular access door on the side (western) elevation. It has a minimum working height of 4.32m

The interior has been fitted out as a Bingo Hall including a main open plan trading area finished with carpeted floors, painted walls and suspended ceilings including inset lighting. There are further ancillary office, catering, staff, WC and storage facilities.

Externally there is an extensive car park with the site totalling approximately 0.77 hectares (1.91 acres).

LOCATION

The site occupies a prominent position at the junction of Venture Way with the busy Trent Road within an established employment area adjacent to the A1 to the west of Grantham town centre. The property is also a short walk from an extensive housing area.

Grantham is a thriving East Midlands market town strategically located adjacent to the A1 and on the East Coast mainline rail service.

SITUATION

The property is situated opposite the Grantham Meres leisure facility and to the south of the Grantham Book Services logistics complex.

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 established use falling within Sui Generis Class of the Town and Country Planning (Use Classes) Order 1987 (as amended).

Alternative uses may be deemed appropriate, subject to receipt of necessary Planning Consent.

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

TENURE

The property is available For Sale subject to the occupational lease to Buzz Group Limited which is drafted on Full Repairing & Insuring terms and due to expire on 7th June 2025.

The passing rent is £120,000 p.a.x.

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.