To LetTown Centre Retail Unit

38, Market Place, Gainsborough, Lincolnshire, DN21 2BY

Description

The property comprises a corner retail unit arranged over three floors.

The ground floor sales area is return fronted and overlooks the town’s busy and attractive Market Place.

The first and second floors offer a large amount of ancillary space, along with kitchen area.

LOCATION

The property occupies a highly prominent corner position on Market Place. The town benefits from a wealth of regional and national retailers including Boots, Peacocks, Heron Frozen Foods, Superdrug, WH Smith, Argos and Sports Direct. The towns thriving market trades on Tuesday and Saturday.

Gainsborough is an historic market town with a population of over 20,000 and a resident catchment within 20km of over 133,000 and is the administrative centre of West Lindsey District Council.

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 Class E (Commercial, Business and Services Use) of the Town and Country Planning (Use Classes) Order 1987 (as amended).

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

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).

RATES

Charging Authority:  West Lindsey District Council
Description:  Shop and Premises
Rateable value:  £20,500
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.

TENURE

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

VAT

VAT may 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.