To LetRetail Warehouse

Retail Warehouse, Greetwell Road, Lincoln, Lincolnshire, LN3 4NH

Description

The subject property is a detached retail warehouse of steel portal frame construction, with a mix of brick/block and sheet clad elevations under a similarly clad pitched roof structure.  There is an extension of similar construction to the west.  The property has powder coated aluminium double glazed casement windows and entrance doors.  It also provides a reception area, a range of offices, IT room and staff/customer WC facilities, leading to open plan display and storage areas.  To the rear is a goods handling area, which is accessed via electrically operated roller shutter doors.  

A mezzanine level provides a further sales area, café, store room and locker room.  The property benefits from a sealed concrete floor, gas heating and halogen lighting.

Externally the property provides extensive parking, loading and circulation to the south, west and east. The main site (delineated in red) extends to 1.006 hectares (2.487 acres). There is potential to lease an additional car park/yard area to the north (delineated in blue) that totals 0.407 hectares (1.006 acres) by separate negotiation.

EPC: In course of preparation.

location 

The property occupies a prominent and sought-after position fronting onto Greetwell Road, just off Outer Circle Road. Greetwell Road leads on to Outer Circle Road, which is a popular location amongst national motor-trade, trade counter and retail warehouse occupiers such as Evans Halshaw Ford, Vertu Honda, Wickes, Howdens, Topps Tiles, Magnet, Kwik Fit and Vertu Volkswagen. 

This is a highly accessible location with links to the regional and national road network recently improved by the opening of the nearby Lincoln Eastern Bypass.

Services

We understand that mains water, drainage, electricity and gas 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 retail use falling within Class E of the Town & Country Planning (Use Classes) Order 1987 (as amended 2020).

Class E now encompasses a number of uses formerly known as A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Cafés), B1 (Business) and D1 (Clinics, Health Centre, Crèche & Day Nurseries).

Alternative uses such as warehousing may be deemed appropriate, subject to receipt of necessary planning permission. Interested parties are advised to make their own investigations with the Local Planning Authority.

Tenure

The property is available To Let by way of a Full Repairing and Insuring lease for a minimum term of years to be agreed.

VAT

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

Legal Costs

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

Agents Note

The current planning consent is subject to a restriction on hours of operation between 0800-2100 Monday to Friday, 0800-1900 Saturday and 1100-1700 on Sundays or Bank Holidays. 

It also states that a minimum of 50% of the net sales area shall be used for the sale of bulky goods comprising the following: 1. DIY materials and ancillary goods 2. Car care and accessories 3. Gardening equipment and outdoor goods 4. Furniture and floor coverings (including bathroom suites and equipment) 5. Household textiles and soft furnishings 6. Lighting 7. Pet food and equipment.

The remaining non-bulky floorspace (representing a maximum of 50% of the net sales area) shall be restricted as follows: 8. No more than 20% of the net sales area shall be used for the sale of food and drink (excluding café) and at no time shall the premises sell perishable or frozen food goods; 9. No more than 12.5% of the net sales area shall be used for the sale of clothing and footwear; 10. No more than 7.5% of the net sales area shall be used for the sale of domestic electrical goods (excluding DIY and gardening equipment).