Retail property (high street) to rent
Property description & features
LOCATION
The property is located at the west end of South Street car park which is located approximately 100m south of the centre of Bourne. The access is directly through South Street car park leading to the property at the far end. Bourne has the benefit of road links via the A15 heading north (Sleaford) and south (Peterborough). Spalding can be accessed to the east along the A151 and Stamford and Colsterworth (the A1) can be accessed to the west along the A151 and along the A6121.
DESCRIPTION
The property has previously been used for furniture retailing and for furniture storage for many decades although it has potential for a wide variety of alternative uses (subject to planning). The property consists of a number of separate buildings which are all attached to one another, in total these extend to approximately 764m² (8,225 sq.ft.). The landlord may consider letting part of the property subject to exact details being agreed. Further information is available from the Letting Agent.
SERVICES
The property has the benefit of mains water, foul drainage and electric.
TERMS
The property is available to rent on a new lease under The Landlord and Tenant Act 1954, subject to the following terms:-
• The lease will be on an internal repairing (I.R) basis.
• The lease will be for a minimum term of 6 years although the landlord may be prepared to include break clauses at the end of years 2 and 4.
• The rent will be reviewed at the end of years 2 and 4 – upwards only to open market rental value.
• The lease will be Contracted out of the Security of Tenure Provisions of the Landlord and Tenant Act 1954, sub-sections 24-28.
• The rent will be payable quarterly in advance.
• The tenant will be required to pay a deposit of £2,500.
• The tenant will not be permitted to assign or sub-let the premises without the landlord’s prior consent.
OUTGOINGS
The tenant will be responsible for paying the Business Rates. Interested parties are advised to contact South Kesteven District Council to confirm the Rateable Value.
LEGAL COSTS
Each party will be responsible for their own legal costs.
OTHER
INSURANCE
The landlord will be responsible for the buildings insurance premium in respect of the property. The tenant will be responsible for insuring their use, their contents and for maintaining a Public Liability policy up to £5,000,000. The tenant will also be responsible for insuring plate glass.
OUTGOINGS
The tenant will be responsible for all services/utilities and outgoings including telephone and broadband etc.
VIEWING
Viewings are strictly by appointment only with R Longstaff & Co LLP –[use Contact Agent Button].
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Property reference 101505015373. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by R Longstaff & Co LLP - Bourne.
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Broadband availability and predicted speed
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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