Commercial property for sale in Sleaford Road, Brant Broughton, Lincoln LN5, £475,000

475,000.00

Offer Nr.:
61925093
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Richard Watkinson & Partners
Phone(s):
01636 358577

* Freehold
*** Guide Price £475, 000 to £500, 000 *** A substantial Workshop (10, 475 sqft)
site with mezzanine and external storage, in all extending to 3. 88 acres or
thereabouts. Constructed in the 1980's it has an established use as a workshop
and external timber storage. The building and land is situated in a pleasant
rural environment a short drive past the main entrance to Brant Broughton
village with direct and convenient access to the A17 with the A1/A46 junction
approximately 7 miles to the west.
The 10, 475 sq ft (973 sqm) building is of steel frame construction with block
infill and externally clad elevations with an insulated pitched roof. Access
to the site via secure timber privacy gates with workshop access by roller
shutter door. The workshop benefits from three - phase electricity and recent
re - wiring circa 2022.
Brant Broughton is located within commuting distance of Newark, Lincoln and
Sleaford. Village amenities include The Generous Briton pub and restaurant and
a primary school.
**Main Workshop (45. 72m x 12. 04m (150 x 39'6))**
Approximately 5, 925 sqft (550 sqm). Steel frame construction, part breeze
block walls and externally clad under a corrugated roof. Set on a concrete
base with roller shutter access door and internally partitioned workshop
office space. Mezzanine storage level above with limited ceiling height (not
measured).
**Lean To Workshop (39. 62m x 10. 67m (130' x 35'))**
Approximately 4, 550 sqft (423 sqm). Steel frame construction on a concrete
base, part breeze block walls and external cladding under a corrugated mono -
pitched roof.
**External Storage**
3. 35 Acres or thereabouts
**Business Rates**
The current Rateable Value for the Workshop is £22, 000pa with effect from 1st
April 2023.
**Overage Provision**
The land (excluding the factory itself) will be sold subject to the purchasers
entering into an Overage Agreement providing for a payment of 30% of the
enhanced value of the land in the event that planning permission is granted
for development. The overage payment will be triggered by a Grant of Planning
Permission for development and will be for a specified term of 25 years.
**Services**
Mains water, electricity and drainage are all connected to the property.
**Tenure**
The property is freehold.
**Possession**
Vacant possession will be given on completion.
**Viewing**
Strictly by appointment with the selling agents.
**Plan**
A Plan is attached to these particulars for identification purposes.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)