BY AUCTION
A HIGH PROFILE income generating Mixed Use Business Park with further adjoining amenity land of approximately 3 acres (1.23 HA) situated by the MAIN A52 trunk road at Croft Bank by the Wainfleet Bypass between Skegness and Boston.
This income producing investment and development opportunity comprises approx 4.9 acres of developed Business Park housing 16 Units consisting Warehousing/Distribution and Office Units plus a canopy extension on a mainly concrete surfaced site. A further 3 acres (sts) of amenity land is situated directly to the north of the Business Park also leading up to the A52 Main Road.
The Business Park itself is currently generating an income of £128,000pa with potential for full occupancy rates of circa £170,000pa

Location - This substantial Business Park is situated directly by the A52 at Croft in the district of East Lindsey between Skegness (4.8 miles) and Boston (19.2 miles). The A52 provides further connection to regional centres including Grantham, Nottingham and Derby.

Description - The Business Park and Amenity Land, fronting the A52, consists of 16 Units, Unit 1 being an Office Complex with the remaining 15 Units forming Warehousing, Distribution and Workshop premises. In recent times the Business Park has experienced investment to modernise and adapt some of the warehouses to accommodate tenant's requirements through updating interiors and installing roller shutter doors. The total accommodation provided by the 16 units is just over 64,000 sq ft.
Tenants have taken the units due to the wide range of premises sizes, ancillary accommodation, parking facilities, HGV usage and excellent main road network access.
Immediately to the northern boundary, The Business Park also comes with a parcel of amenity land, approximately 3.03 Acres (1.23 HA). A pre-planning application for advice on the amenity land was submitted on the 31 December 2021 to see, in principle if the Business Park could be extended onto approximately 3 acres of the Amenity Land. East Lindsey District Council regarded "the principle of the proposal as being in keeping with Local Plan policy and national guidance. A copy of the letter can be provided for interested parties.
The Site offers several business opportunities, potential self occupation to part of the site, income generation and potential re-development.

Epcs - The following EPC ratings are listed under the non domestic rating list:-
Unit 1, Energy Rating D (92)
Unit 1a, Energy Rating E (120)
Unit 2, Energy Rating C(67)
Units 3, 4 & 7, Energy Rating D(84)
Unit 5, Energy Rating D(77)
Unit 6, Energy Rating C(67)
Units 13 & 14, Energy Rating D(83)
Unit 16, Energy Rating D(96)

Services - We understand that the site has the benefit of mains electricity, water and gas together with mains drainage and service charge.

Planning - Ian Carrington Planning Officer at East Lindsey District Council[use Contact Agent Button] has informed us if a Pre-application advice form is completed and marked "Potential New Economic Development" with an adjoining letter the Council can provide free Pre-application advice.

Vat - We are advised that the asking price is exclusive of, but is liable to, VAT at the prevailing rate.

Viewing - Strictly by appointment only through the sole agent, Bruce Mather Limited. Telephone[use Contact Agent Button] Option 3

Agent's Note - All measurements are approximate. The Title Plan is not to scale and presents part of the amenity land in red. The plan is for illustrative purposes. The services, fixtures and fittings have not been tested by the Agent.

Unit 12 is a canopy cover only and is used as a pass through by two of the tenants.

All properties are offered subject to contract offered subject to not being previously sold or withdrawn; these particulars are issued on the understanding that all negotiations are conducted through Bruce Mather Limited.

Bruce Mather Limited for themselves and for Sellers of this property whose Agent they are give notice that:- 1) The particulars, whilst believed to be accurate, are set out as a general outline for intended buyers or lessees and do not constitute part of any offer or contract; 2) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending Buyers or Tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy;

3) no person in the employment of Bruce Mather Limited has any authority to make or give any representation or warranty whatever in relation to this property. 4) The location plan is for illustrative purposes only.

East Lindsey District Council have not provided a cut off date for the free pre-application advice. Interested parties should be aware the ELDC Planning Department reserve the right to change this facility at any time.

The Business Park rents can be subject to change.