INVESTMENT SALE, 15 Church Road, Martin Dales

For Sale
For Sale
Jasper Caudwell
MRICS BSc (Hons)
Chartered Surveyor
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Property summary

c7.4% yield after purchasers costs
Full planning for an additional 5856 sq.ft (544 sq.m)
0.72 Acre (0.29 Ha) Site
Two Detached Buildings
Good Quality Office & Workshop Space
Located just off the B1191
EPC - D (97)

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Jasper Caudwell
MRICS BSc (Hons)
Chartered Surveyor

More about the property

Fully let mixed use investment premises for sale reflecting a yield of c7.4% after purchasers costs.

The Property comprises a detached good quality office building (5,464 sqft) with good sized rear yard and separate detached storage/workshop building (1479 sqft).

The overall site extends to 0.72 Acres (0.29 Ha) and benefits from Full Planning Permission for an additional 5856 sq.ft (544 sq.m) of general purpose buildings for industrial, commercial and storage purposes across 4 units under planning reference 21/0429/FUL.

The property is situated with frontage on to Church Road in the small village of Martin Dales approximately 1 mile from Woodhall Spa and 20 miles from Lincoln. The property lies on the West side of the river Witham just off the B1191 which links the A15 to Horncastle.
Woodhall Spa is an attractive large village and Spa resort with easy access to the Market Towns of Boston and Horncastle, the Cathedral City of Lincoln and the East Coast. It has excellent facilities including schools, banks, shops, hotels, superb tournament golf course and good social amenities. Situated in a rural area on the edge of the Fens, Woodhall stands in charming well wooded surroundings close to the River Witham.

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The property is collectively rated at £15,250 in accordance to the 2017 rating list (Local Authority Ref: 12881600160). We understand the Rateable Value will be increasing from 1st April 2023 to £18,500.
Detached Office Building
The property comprises a portal frame building with insulated cladding that has been converted into good quality office accommodation set out across a number of open plan and cellular areas. Internally, the walls are a mixture of stud wall and demountable light weight partitions with service cabling running throughout and suspended ceilings with inset lighting. To the front and side there is a single storey office block with felt roofing (both interlinked). The building has uPVC double glazed windows and is carpet tiled throughout.
The property has an EPC rating of D (97) which is valid until 25th January 2031.
Detached Store/Workshop Building
Detached fully refurbished workshop unit. The unit benefits from a vehicular entrance door with a brand new electric roller shutter door (fitted as part of the recent refurbishment works), windows and roof lights throughout together with staff and toilet facilities.
We understand that VAT will not be charged in addition the sale price.
Full tenancy and lease details are available on request.
The Landlord reserves the right to charge VAT on the passing rent at the prevailing rate.
We understand that the property benefits from three phase electric, water and drainage is via a septic tank. Heating is provided by an oil fired heating system to the office building only. The services or installations have not been serviced or tested.
Please note, the site plan has been provided for indicative purposes only and should be confirmed as being accurate. Furthermore, the photos used in our marketing were taken prior to the current tenants occupation.
North Kesteven District Council
Kesteven Street, Sleaford, NG34 7EF, Tel: 01529 414155
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