7 Market Place, Spalding, PE11 1SL

LOCATION

 Spalding is an attractive and historic market town with a resident population of circa 28,500 and is located approximately 23 miles south of Norwich on the A140 trunk road which links to Ipswich (A140) to the south.

The property is prominently situated in a pedestrianised shopping area in the heart of the town. Neighbouring occupiers include New Look, Boots, HSBC, Hills Department Store, South Holland Centre, Costa, Bonmarche and M&Co.

 

ACCOMMODATION

 The property comprises a modern department store built in 2004 comprising two separate customer entrances and offering extensive ground and first floor open plan sales areas.

The accommodation benefits from carpeting, fluorescent lighting, customer escalators and male/female WC and staff facilities

We have been unable to fully inspect and measure the property at the current time but have been informed that the premises comprise the following approximate areas:-

Ground Floor Sales:13,475 sq ft1,251 sq m
First Floor Sales: 12,483 sq ft1,159 sq m
Remote Storage:782 sq ft72 sq m
26,740 sq ft2,482 sq m

There is rear small service yard and loading area access via Drapers Place/Francis Street.

 

TERMS

 The property is available on both a freehold and leasehold basis, in part or as a whole.

New leases will be granted upon full repairing and insuring terms via a service charge as necessary for a term of years to be agreed incorporating periodic upward only rent reviews.

Terms upon request.

Offers are invited for the freehold interest with full vacant possession.

 

PLANNING

The property has an established Class A1 (Retail) use but is considered suitable for a range of other commercial and residential uses, subject to planning. Interested parties should make their own investigations of South Holland District Council on 01775 761161.

 

VAT

The property is elected for VAT.

 

RATEABLE VALUE

 Interested parties are advised to make their own enquiries.

 

ENERGY PERFORMANCE CERTIFICATE

 Details upon request.

 

LEGAL COSTS

 Each party to be responsible for their own legal costs incurred in the transaction.

 

 

 

Plans

 

Francis Darrah for themselves and as Agents for the proposed Vendor(s) or Lessor(s) give notice: 1. That they do not make or give either in these particulars or in negotiations or otherwise any warranty or representation whatever in relation to the property. 2. Any plan attached to these particulars is for identification purposes only and all measurements are given as a guide and no liability can be accepted for errors arising therefrom. 3. The property being open to inspection any intended purchaser must satisfy himself as to the accuracy of these particulars and he will be deemed to have full knowledge thereof. 4. No liability can be accepted for any misstatement, omission or errors in these particulars. 5. These particulars do not constitute an offer or Contract or any part thereof.

 

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