3 Northgate Sleaford Lincolnshire NG34 7BH

3 Northgate
Sleaford
Lincolnshire
NG34 7BH

Freehold Estate Agents Office Investment

Let to tenant trading as Winkworth Estate Agents
Tenant in occupation for over 25 years
Lease expires September 2025
September 2019 tenant break not exercised
Rent Review September 2020
Good trading location opposite Market Place
Affluent Lincolnshire town
Nearby retailers include J D Wetherspoon, Costa Coffee, WHSmith, Greggs, Iceland, Boots the Chemist and Superdrug
In the same ownership for over 20 years

Lot
11
Auction
26th March 2020
Rent
£14,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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Freehold Estate Agents Office Investment

Let to tenant trading as Winkworth Estate Agents
Tenant in occupation for over 25 years
Lease expires September 2025
September 2019 tenant break not exercised
Rent Review September 2020
Good trading location opposite Market Place
Affluent Lincolnshire town
Nearby retailers include J D Wetherspoon, Costa Coffee, WHSmith, Greggs, Iceland, Boots the Chemist and Superdrug
In the same ownership for over 20 years

Lot 11
Auction 26th March 2020
Rent £14,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

Property Information

Location

Miles: 17 miles south of Lincoln; 28 miles north of Stamford
Roads: A1, A15, A17
Rail: Sleaford
Air: East Midlands Airport

Situation

Sleaford is an attractive market town in Lincolnshire, approximately 17 miles south of Lincoln. The property is located on the west side of Northgate, close to its junction with Westgate. Other occupiers on Northgate and nearby include JD Wetherspoon, Costa Coffee, WHSmith, Greggs, Iceland, Boots the Chemist and Superdrug.

Tenure

Freehold.

Location

Miles: 17 miles south of Lincoln; 28 miles north of Stamford
Roads: A1, A15, A17
Rail: Sleaford
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with basement ancillary accommodation, forming part of a larger building not included in the sale.

VAT

VAT is applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk.

Description

The property comprises a ground floor shop with basement ancillary accommodation, forming part of a larger building not included in the sale.

VAT

VAT is applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground Basement	Retail/Ancillary Ancillary	90.50 sq m -	(974 sq ft) (-)	WALDECK SNAREY & BROWN LIMITED with personal guarantees t/a Winkworth (1)	10 years from 02/09/2015 on a full repairing and insuring lease	£14,000	02/09/2020
Total		90.50 sq m	(974 sq ft)			£14,000

(1) Winkworth was founded in 1835 and now has over 90 regional offices across the UK and abroad.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.