Offers in region of
£1,100,000
Property for saleBlack Bull Barns, Lobthorpe Road, Colsterworth, Grantham NG33
Just added
Freehold
About this property
11,000 Sq Ft Storage Unit currently vacant
5 additional Units let generating £48,120 per annum revenue
Total Site area 1.4 Acres
Sliding Security Gates
Welfare facilities to all Units
Excellent opportunity to occupy 11,000 Sq ft with the revenue from the adjoining units funding the purchase.
Freehold Industrial Units 100m off the A1 in Lincolnshire with development potential
Offers in the Region of £1,100,000
Circa 11,000 Sq Ft Vacant Unit plus 5 Fully let Units totalling 6,425 Sq Ft generating £48,100 rent per annum
Size - Circa 1.4 Acres
Buildings - Total 17,425 Sq Ft
Price - Offers in the Region of £1.1m
Business Rates - Individually Rated. Schedule available
Legal Fees - Both parties will be responsible for their own fees
VAT - Applicable
An industrial development just 100m off the Southbound carriageway of the A1 midway between Stamford and Grantham with North and South bound access .
The Main building was formerly a storage shed to a working farm and offers circa 11,000 Sq Ft .The unit has been internally sprayed with insulating materials and re-clad externally. There are 2 electrically operated 4.6m wide roller shutter doors installed to the front elevation enabling the unit to be split if preferred. Eaves height is circa 6.25m and ridge height 9.75m.
There are 5 other industrial buildings (see accommodation Schedule), all let. 3 of these buildings are brick built with corrugated sheet roofs and 2 are modern steel framed structure with Insulated Cladding and roofs. All have recently installed electrically operated roller shutter doors and the front elevation of the brick structures have been overclad.
There is an area to the rear of the 11,000 Sq Ft building that could be developed, subject to planning consent. We estimate that a 2,000 Sq Ft building could be accommodated on this space and the central access area is shared with the adjacent buildings and accessed off the public highway via an electrically operated sliding gate.
Location
Positioned approximately midway between the market towns of Stamford to the South and Grantham to the North, the property stands approximately 100m from the Southbound carriageway of the A1 off a public highway which is accessed from both the North and South bound A1 carriageways.
Accommodation
Main Storage Unit - Circa 11,000 Sq Ft currently Vacant
Unit A - 1,734 Sq Ft - Let on a 5 year lease from Sept 2024 at £12,600 per annum. Break and Review 1st Oct 2027.
Unit B - 1,156 Sq Ft - Let on a 5 year lease from Sept 2025 at £8,400 per annum. Break 21st March 2027. Review 1st Feb 2027
Unit C - 1,598 Sq Ft - Let on a 5 year lease from 25th March 2024 at £11,580 per annum. Rolling break on 3 months notice after 25 March 2027. Review 25 March 2027
Unit D - 1,033 Sq Ft - Let on a 5 year lease from July 2024 at £8,100 per annum. Rolling break on 3 months notice. Review 1st August 2027
Unit E - 904 Sq Ft - Let on a 5 year lease from Oct 2024 at £7,020 per annum. Rolling break on 3 months notice. Review 1st August 2027
Annual Rent £48,120 plus Service charge based on £0.75 per Sq Ft for 2026. Landlord Insures the Buildings and Tenants reimburse the premium
Each Unit has water connected and a dedicated Welfare Facility for which tenants are responsible for the cleaning and maintenance
Terms
The property is available freehold with the benefit of the existing leases where applicable. There are no arrears
Offers in the Region of £1,100,000
Circa 11,000 Sq Ft Vacant Unit plus 5 Fully let Units totalling 6,425 Sq Ft generating £48,100 rent per annum
Size - Circa 1.4 Acres
Buildings - Total 17,425 Sq Ft
Price - Offers in the Region of £1.1m
Business Rates - Individually Rated. Schedule available
Legal Fees - Both parties will be responsible for their own fees
VAT - Applicable
An industrial development just 100m off the Southbound carriageway of the A1 midway between Stamford and Grantham with North and South bound access .
The Main building was formerly a storage shed to a working farm and offers circa 11,000 Sq Ft .The unit has been internally sprayed with insulating materials and re-clad externally. There are 2 electrically operated 4.6m wide roller shutter doors installed to the front elevation enabling the unit to be split if preferred. Eaves height is circa 6.25m and ridge height 9.75m.
There are 5 other industrial buildings (see accommodation Schedule), all let. 3 of these buildings are brick built with corrugated sheet roofs and 2 are modern steel framed structure with Insulated Cladding and roofs. All have recently installed electrically operated roller shutter doors and the front elevation of the brick structures have been overclad.
There is an area to the rear of the 11,000 Sq Ft building that could be developed, subject to planning consent. We estimate that a 2,000 Sq Ft building could be accommodated on this space and the central access area is shared with the adjacent buildings and accessed off the public highway via an electrically operated sliding gate.
Location
Positioned approximately midway between the market towns of Stamford to the South and Grantham to the North, the property stands approximately 100m from the Southbound carriageway of the A1 off a public highway which is accessed from both the North and South bound A1 carriageways.
Accommodation
Main Storage Unit - Circa 11,000 Sq Ft currently Vacant
Unit A - 1,734 Sq Ft - Let on a 5 year lease from Sept 2024 at £12,600 per annum. Break and Review 1st Oct 2027.
Unit B - 1,156 Sq Ft - Let on a 5 year lease from Sept 2025 at £8,400 per annum. Break 21st March 2027. Review 1st Feb 2027
Unit C - 1,598 Sq Ft - Let on a 5 year lease from 25th March 2024 at £11,580 per annum. Rolling break on 3 months notice after 25 March 2027. Review 25 March 2027
Unit D - 1,033 Sq Ft - Let on a 5 year lease from July 2024 at £8,100 per annum. Rolling break on 3 months notice. Review 1st August 2027
Unit E - 904 Sq Ft - Let on a 5 year lease from Oct 2024 at £7,020 per annum. Rolling break on 3 months notice. Review 1st August 2027
Annual Rent £48,120 plus Service charge based on £0.75 per Sq Ft for 2026. Landlord Insures the Buildings and Tenants reimburse the premium
Each Unit has water connected and a dedicated Welfare Facility for which tenants are responsible for the cleaning and maintenance
Terms
The property is available freehold with the benefit of the existing leases where applicable. There are no arrears
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£5,502 per month
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