For Sale / To LetNew Workshop Units - Available July 2021

Phase 5A, Riverside Enterprise Park, Saxilby, Lincoln, Lincolnshire, LN1 2LR

Description

Phase 5A is expected to complete July 2021 and provides a parade of 4 industrial units finished to a high standard with profile clad steel portal frame construction, power floated concrete floors and bare faced block walls.

Each unit will benefit from car parking.

Completion is estimated for July 2021.

ACCOMMODATION

Architects drawings indicate Phase 5 will provide the following accommodation:

Unit 1:  116.13 sq m (1,250 sq ft) - Sold STC
Unit 2:  116.13 sq m (1,250 sq ft) - Sold STC
Unit 3:  139.00 sq m (1,500 sq ft)
Unit 4:  139.00 sq m (1,500 sq ft) - Sold STC

* Adjoining units can be combined to provide larger units

LOCATION

Riverside Enterprise Park is an established and exciting commercial development by Lincoln based Stirlin Developments Limited.

The site occupies a prominent 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.

SERVICES

We understand that all mains services including water, drainage and electricity are available to the property.

Interested parties are advised to make their own investigations to the relevant utility service providers.

SERVICE CHARGE

Each building will contribute towards the cost of shared services such as maintenance of shared roadways, landscaping, CCTV, electric gates etc.

TOWN AND COUNTRY PLANNING

We understand that the properties have consent for uses falling within Class E (Commercial, Business and Service uses) of the Town & Country Planning (Use Classes) Order 1987 (as amended).

Following changes to the Use Classes Order that came into effect on 1st September 2020, Class E now encompasses a number of uses including A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Café), B1 (Business) and D2 (Assembly & Leisure).

RATES

Charging Authority: West Lindsey District Council
Description: To be assessed
Rateable value: To be confirmed
UBR: 0.512
Period: 2021-2022

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

Freehold For Sale, with vacant possession.

Alternatively, each unit may be available To Let by way of a new Full Repairing and Insuring lease for a minimum term of 10 years, subject to Landlord’s approval.

PRICE

Unit 1:  Sold STC
Unit 2:  Sold STC
Unit 3:  £193,500
Unit 4:  Sold STC

RENT

1,250 sq ft:   £10,250 per annum exclusive
1,500 sq ft:   £12,250 per annum exclusive

VAT

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

LEGAL COSTS

Each party is to be responsible for their own legal costs.