GUIDE £950000 FREEHOLD 3.73 Acres 3.73 ...
01476 514433 | [email protected]
3.73 Acres (1.51 Hectares Commercial Development Land, Venture Way, off Trent Road, Grantham, NG31 7XS
GUIDE £950,000 FREEHOLD Strategic Employment Land •
Broadly rectangular site off Venture Way having a total area of approximately 3.73 acres (1.51 hectares)
•
Western boundary of the site abuts southbound carriageway of the A1.
•
Site is understood to be allocated for employment uses falling under Use Classes B1, B2 and B8 covering Light & General Industrial uses, Offices, Warehousing and Storage/Distribution.
•
Approximately 1.93 acres available for immediate development with a further 1.8 acres currently let to 2 Recycling Limited by way of a lease expiring in September 2021 at a rent of £27,000 per annum exclusive.
•
Of interest to developers, owner-occupiers and investors looking for land to develop immediately, but where potential exists for future expansion on the let land.
3.73 Acres (1.51 Hectares) Hectares)
Location Grantham is an established and expanding market town in South Lincolnshire being located approximately 23 miles east of Nottingham and 25 miles south of Lincoln with a resident population of approximately 38,000 people and having a large and expanding catchment area.
the Security of Tenure provisions of Sections 24-28 of the Landlord & Tenant Act 1954 Part II. A copy of the lease in respect of this part of the site is available from Brown & Co as the Sole Selling Agents.
Asking Price
The site at Venture Way is situated directly off Trent Road and the immediate area houses many of the towns’ larger warehousing and manufacturing operations. The A1 abuts the site’s western boundary can be accessed approximately 0.5 miles from the site.
We are instructed to seek offers in the region of £950,000 for this site in its entirety, part with the benefit of vacant possession and part subject to the terms of the lease described herein. Our clients are primarily interested in selling the site in its entirety, however, interest in the vacant or investment elements of the property can be expressed via ourselves as Sole Selling Agents.
Description
Legal Costs
The site is broadly rectangular in shape and extends in total to approximately 3.73 acres (1.51 acres) having a hammerhead access from Venture Way and being largely flat.
Each party will be responsible for their own legal costs incurred in any transaction negotiated.
Approximately 1.93 acres (0.78 hectares) is available for immediate development for commercial purposes falling under Use Classes B1, B2 and B8 covering Light & General Industrial uses, Offices, Warehousing and Storage/Distribution. The remaining 1.8 acres (0.73 hectares) is let by way of a lease expiring in September 2021 to 2 Recycling Limited who occupy the adjacent warehouse premises in third party ownership, and who use the land for storage purposes having erected a fence boundary around the site. The 2 Recycling lease is outside Section 24-28 of the Landlord & Tenant Act 1954 Part II thereby offering the purchaser the opportunity to develop part of the site and collect income from the remainder whilst also offering the potential in the future for further development.
Planning We understand from the Planning Department at South Kesteven District Council that the site is zoned for Employment Uses falling under Use Classes B1, B2 and B8 covering Light & General Industrial uses, Offices, Warehousing and Storage/Distribution.
VAT The sale price quoted within these sales particulars is exclusive of but may be liable to VAT at the prevailing rate and you should clarify the position regarding VAT prior to making an offer to acquire this site.
Viewing & Further Information The vacant element of the site can be viewed from Venture Way, however, for a full inspection of the land in its entirety, please contact:
Brown & Co Granta Hall 6 Finkin Street Grantham NG31 6QZ Tel: 01476 514433
James Cameron 01476 514450 [email protected]
Further enquires in respect of planning-related matters should be directed to the Planning Department at South Kesteven District Council Tel: 01476 406080.
Easements, Wayleaves and Rights of Way The site is sold subject to, and with the benefit of, all existing obligations and rights, including rights of way, whether public or private, light, support, drainage, water, electricity supplies and other obligations, easements, quasi-easements and all wayleaves, whether referred to or not in these Particulars.
Services It is believed that mains electricity, gas, water and drainage are available to the site from Venture Way, however interested parties are to make their own enquires with the relevant Statutory Authorities prior to submitting an offer to acquire this land.
Lease The southern portion of the site extending to approximately 1.8 acres (0.73 hectares) is let to the occupier of the adjacent warehouse, 2 Recycling Limited, on an effective full repairing and insuring basis for a term expiring in September 2021 at a rent of £27,000 per annum exclusive of VAT with the lease being outside IMPORTANT NOTICES Brown & Co for themselves and for the Vendors or Lessors of this Property give notice that: 1. These particulars are intended to give a fair and accurate general outline only for the guidance of intending Purchasers or Lessees and they do not constitute an offer or contract or any part of an offer or contract. 2. All descriptions, dimensions, references to condition and other items in these Particulars are given as a guide only and no responsibility is assumed by Brown & Co for the accuracy of individual items. Intending Purchasers or Lessees should not rely on them as statements or representations of fact and should satisfy themselves as to the correctness of each item by inspection or by making independent enquiries. In particular, dimensions of land, rooms or buildings should be checked. Metric/imperial conversions are approximate only. 3. Intending Purchasers or Lessees should make their own independent enquiries regarding use or past use of the property, necessary permissions for use and occupation, potential uses and any others matters affecting the property prior to purchase. 4. Brown & Co, and any person in its employ, does not have the authority, whether in these Particulars, during negotiations or otherwise, to make or give any representation or warranty in relation to this property. No responsibility is taken by Brown & Co for any error, omission of mis-statement in these particulars. 5. No responsibility can be accepted for any costs or expenses incurred by intending Purchasers or Lessees in inspecting the property, making further enquiries or submitting offers for the Property. 6. All prices are quoted subject to contract and exclusive of VAT, except where otherwise stated. 7. In the case of agricultural property, intending purchasers should make their own independent enquiries with the RPA as to Single Payment Scheme eligibility of any land being sold or leased. 8. Brown & Co is the trading name of Brown & Co – Property and Business Consultants LLP. Registered Office: Granta Hall, Finkin Street, Grantham, Lincolnshire NG31 6QZ. Registered in England and Wales. Registration Number OC302092. These particulars were prepared in February 2017.
Printed by Ravensworth 01670 713330
3.73 Acres (1.51 Hectares Commercial Development Land, Venture Way, off Trent Road, Grantham, NG31 7XS
GUIDE £950,000 FREEHOLD Strategic Employment Land •
Broadly rectangular site off Venture Way having a total area of approximately 3.73 acres (1.51 hectares)
•
Western boundary of the site abuts southbound carriageway of the A1.
•
Site is understood to be allocated for employment uses falling under Use Classes B1, B2 and B8 covering Light & General Industrial uses, Offices, Warehousing and Storage/Distribution.
•
Approximately 1.93 acres available for immediate development with a further 1.8 acres currently let to 2 Recycling Limited by way of a lease expiring in September 2021 at a rent of £27,000 per annum exclusive.
•
Of interest to developers, owner-occupiers and investors looking for land to develop immediately, but where potential exists for future expansion on the let land.
3.73 Acres (1.51 Hectares) Hectares)
Location Grantham is an established and expanding market town in South Lincolnshire being located approximately 23 miles east of Nottingham and 25 miles south of Lincoln with a resident population of approximately 38,000 people and having a large and expanding catchment area.
the Security of Tenure provisions of Sections 24-28 of the Landlord & Tenant Act 1954 Part II. A copy of the lease in respect of this part of the site is available from Brown & Co as the Sole Selling Agents.
Asking Price
The site at Venture Way is situated directly off Trent Road and the immediate area houses many of the towns’ larger warehousing and manufacturing operations. The A1 abuts the site’s western boundary can be accessed approximately 0.5 miles from the site.
We are instructed to seek offers in the region of £950,000 for this site in its entirety, part with the benefit of vacant possession and part subject to the terms of the lease described herein. Our clients are primarily interested in selling the site in its entirety, however, interest in the vacant or investment elements of the property can be expressed via ourselves as Sole Selling Agents.
Description
Legal Costs
The site is broadly rectangular in shape and extends in total to approximately 3.73 acres (1.51 acres) having a hammerhead access from Venture Way and being largely flat.
Each party will be responsible for their own legal costs incurred in any transaction negotiated.
Approximately 1.93 acres (0.78 hectares) is available for immediate development for commercial purposes falling under Use Classes B1, B2 and B8 covering Light & General Industrial uses, Offices, Warehousing and Storage/Distribution. The remaining 1.8 acres (0.73 hectares) is let by way of a lease expiring in September 2021 to 2 Recycling Limited who occupy the adjacent warehouse premises in third party ownership, and who use the land for storage purposes having erected a fence boundary around the site. The 2 Recycling lease is outside Section 24-28 of the Landlord & Tenant Act 1954 Part II thereby offering the purchaser the opportunity to develop part of the site and collect income from the remainder whilst also offering the potential in the future for further development.
Planning We understand from the Planning Department at South Kesteven District Council that the site is zoned for Employment Uses falling under Use Classes B1, B2 and B8 covering Light & General Industrial uses, Offices, Warehousing and Storage/Distribution.
VAT The sale price quoted within these sales particulars is exclusive of but may be liable to VAT at the prevailing rate and you should clarify the position regarding VAT prior to making an offer to acquire this site.
Viewing & Further Information The vacant element of the site can be viewed from Venture Way, however, for a full inspection of the land in its entirety, please contact:
Brown & Co Granta Hall 6 Finkin Street Grantham NG31 6QZ Tel: 01476 514433
James Cameron 01476 514450 [email protected]
Further enquires in respect of planning-related matters should be directed to the Planning Department at South Kesteven District Council Tel: 01476 406080.
Easements, Wayleaves and Rights of Way The site is sold subject to, and with the benefit of, all existing obligations and rights, including rights of way, whether public or private, light, support, drainage, water, electricity supplies and other obligations, easements, quasi-easements and all wayleaves, whether referred to or not in these Particulars.
Services It is believed that mains electricity, gas, water and drainage are available to the site from Venture Way, however interested parties are to make their own enquires with the relevant Statutory Authorities prior to submitting an offer to acquire this land.
Lease The southern portion of the site extending to approximately 1.8 acres (0.73 hectares) is let to the occupier of the adjacent warehouse, 2 Recycling Limited, on an effective full repairing and insuring basis for a term expiring in September 2021 at a rent of £27,000 per annum exclusive of VAT with the lease being outside IMPORTANT NOTICES Brown & Co for themselves and for the Vendors or Lessors of this Property give notice that: 1. These particulars are intended to give a fair and accurate general outline only for the guidance of intending Purchasers or Lessees and they do not constitute an offer or contract or any part of an offer or contract. 2. All descriptions, dimensions, references to condition and other items in these Particulars are given as a guide only and no responsibility is assumed by Brown & Co for the accuracy of individual items. Intending Purchasers or Lessees should not rely on them as statements or representations of fact and should satisfy themselves as to the correctness of each item by inspection or by making independent enquiries. In particular, dimensions of land, rooms or buildings should be checked. Metric/imperial conversions are approximate only. 3. Intending Purchasers or Lessees should make their own independent enquiries regarding use or past use of the property, necessary permissions for use and occupation, potential uses and any others matters affecting the property prior to purchase. 4. Brown & Co, and any person in its employ, does not have the authority, whether in these Particulars, during negotiations or otherwise, to make or give any representation or warranty in relation to this property. No responsibility is taken by Brown & Co for any error, omission of mis-statement in these particulars. 5. No responsibility can be accepted for any costs or expenses incurred by intending Purchasers or Lessees in inspecting the property, making further enquiries or submitting offers for the Property. 6. All prices are quoted subject to contract and exclusive of VAT, except where otherwise stated. 7. In the case of agricultural property, intending purchasers should make their own independent enquiries with the RPA as to Single Payment Scheme eligibility of any land being sold or leased. 8. Brown & Co is the trading name of Brown & Co – Property and Business Consultants LLP. Registered Office: Granta Hall, Finkin Street, Grantham, Lincolnshire NG31 6QZ. Registered in England and Wales. Registration Number OC302092. These particulars were prepared in February 2017.
Printed by Ravensworth 01670 713330
