Unit 5 Squirrels Lodge, Frognall

LOCATION
The building lies on the south side of Hards Lane off the B1525 on the outskirts of Market Deeping, giving good road communications to the A1175 connecting to the A15 (Peterborough to Sleaford) and the A16 (Peterborough to Boston).

DESCRIPTION
The property comprises a modern steel portal framed warehouse building with brick / block walls and metal profile sheeting over and insulated roof with roof lights. There is office space, storage space, WC and kitchen facilities.

ACCOMMODATION
Entrance Hall:
2.40m x 1.30m – North facing entrance door.

Office:
2.30m x 3.00m (maximum measurements) – North facing window.

Kitchen:
2.30m x 2.10m – North facing window with base and wall mounted units and sink/drainer.

WC 1 :
1.90m x 2.10m – WC with pedestal wash hand basin and electric heater.

WC 2:
1.00m x 2.10m – WC with pedestal wash hand basin and electric heater.

Main Unit:
20.60m x 11.90m overall – Concrete floor with block and clad walls, electric roller shutter door (with manual backup) to the north, measuring 4.00m wide x 4.80m high.

The unit has a number of car parking spaces to the north of the unit and the access is via the main estate access which can be used at any time of day.

TERMS
The unit is offered to let on a new lease - minimum term of 3 years.
The lease will be contracted out of the Security of Tenure Provisions under Part II of the Landlord and Tenant Act 1954, subsections 24-28.
The rent will be payable quarterly in advance.
A quarters rent will be payable as a deposit.
The rent will be reviewed every 3 years and will be reviewed upwards only to open market rental value.
The unit is offered To Let on a full repairing and insuring basis. The tenant is to reimburse to the Landlord the Buildings Insurance premium in respect of this property. This will be subject to review and will be payable annually in advance. The Tenant will be responsible for insuring their use, the contents and withholding a Public Liability Insurance policy up to £10,000,000. The Tenant will also be responsible for insuring the plate glass.
The Tenant will not be permitted to sub-let, assign or share any part of the premises.

LEGAL COSTS
Each party will be responsible for their own legal costs.

SERVICE CHARGE
The tenants will be required to pay a service charge, in advance, to cover the cost of maintaining communal areas – this is presently approx. £700 per annum.

OTHER
The Tenant will be responsible for the payment of Business Rates, outgoing services, utilities, phone line and internet usage.