The property comprises an irregular shaped site to the rear of existing residential accommodation. Access is taken from the main road via a hard surfaced access road leading to a car park. The buildings on site provide a range of storage, manufacturing and office accommodation.
The main building is of steel portal frame construction with a twin bay structure with brick facing elevations and sheet cladding above, surmounted by a pitched sheet clad roof. Internally, the property provides concrete flooring which is split into two areas providing a machine shop to one side with an assembly and spray area to the other. The accommodation benefits from roller shutter door access, with hot air blowers and wood burners together with a heat exchange. Adjacent to the main building, is a brick-built office and showroom of single storey construction with brick facing elevations surmounted by a pitched interlocking tile covered roof. Windows to property are uPVC double glazed casements. The property is L shaped and subdivided to provide office and showroom accommodation with kitchen and toilet facilities. There is also portacabins and range of storage buildings on site.
( Agency Pilot Software ref: 51730 )
Location
Lincolnshire is a county in the East Midlands of England, with a long coastline on the North Sea to the east. It borders Norfolk to the south-east, Cambridgeshire to the south, Rutland to the south-west, Leicestershire and Nottinghamshire to the west, South Yorkshire to the north-west, and the East Riding of Yorkshire to the north. It also borders Northamptonshire in the south for just 20 yards (19 m), England's shortest county boundary. The property is situated on the outskirts of the village of Kirkbyon-Bain. Kirkby-on-Bain is a village in the East Lindsey District of Lincolnshire situated on the River Bain between Horncastle and Coningsby. Lincoln is located 22 miles west of the subject property and within a 40-minute drive. The subjects benefit from close access to the A158 and A16 carriageway to the east and the A15 to the west. The nearest motorway is the M1 which is located 65 miles to the east
Accommodation
Production 1,380.82sq m ( 14,861 sq ft )
External Storage 839.59sq m ( 9,036 sq ft )
Office 278.49sq m ( 2,997 sq ft )
Total 2,498.90 sq m (26,896sq ft )
Terms
ANTI-MONEY LAUNDERING In Accordance with Anti-Money Laundering Regulations, two forms of ID and confirmation of the source of funding will be required from the successful purchaser.
VAT The property has been elected for VAT therefore VAT will be payable on the purchase price.
EPC An Energy Performance Certificate (EPC) is available upon request.
COVENANT INFORMATION Spaceright Europe Limited Based in the UK, Spaceright Europe Ltd has been manufacturing education and office products for over 100 years.
TENANCY According to our calculations from measurements taken onsite, we estimate the subjects extend to the following approximate gross internal areas: The property is let to Spaceright Europe Limited until 24h March 2025 at a passing rent of £43,000 per annum, reflecting a rent of £1.67 per sq ft. There is an up coming rent review on the 25th March 2023 on a open market basis.
Specification
- Eave’s height of 3.5m and 5.5m to the apex.
- Roller doors depending on the warehouse or production area
- Lighting throughout the warehouse and production areas