A prominent town centre retail unit extending to approximately 242 m² (2,605 sq ft), available for immediate occupation on flexible lease terms. This is an excellent opportunity for both start-up businesses and established companies seeking a well-positioned commercial premises. The property occupies a prime location within Market Place, Spalding, directly on the town’s busy high street, benefiting from excellent visibility and footfall.

Tenure:

Available at £20,000 per annum on a Full Repairing and Insuring (FRI) lease, with the lease term available by negotiation.

The tenant will be responsible for:

Utility costs
Building insurance contributions
Maintenance of the shop frontage and glazing

Deposit:

A deposit of £3,000 will be required.

Accommodation:

Shop area: 6.7m x 6.7m
Rear area: 8m x 7.3m
Toilets: 2.4m x 2.1m
Kitchen: 3m x 1.6m
Storage/office: 4.5m x 3.1m
Cellar / storage: 9m x 3.8m

Business Rates:

The property has a Rateable Value of £26,500. Subject to the occupier’s use and eligibility, the estimated annual business rates are approximately:

£10,123 for qualifying retail, hospitality and leisure occupiers.
£11,448 for all other uses.

Prospective tenants are advised to make their own enquiries with the local authority to verify their business rates liability and establish whether any reliefs are available.