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
    26/Mar/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    Withdrawn Post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
Important Auction & Property Update
  • 3 Northgate<br>Sleaford<br>Lincolnshire<br>NG34 7BH
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
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
£14,00002/09/2020
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    04.03.20
    File Size
    870 KB
    View PDF
  • Site Plan
    Updated Date
    04.03.20
    File Size
    872 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
BBS Law First Floor, The Edge, Clowes Street
Manchester
Manchester
M3 5NA
Matthew Owen 01618 322 500matthew@bbslaw.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now