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1 bedroom commercial property for sale

High Street, Grantham

Sold STC £220,000

Property Description

Key features

  • Commercial/Residential Investment/Retail Premises
  • Good Town Centre Trading Position
  • Ground Floor Retail Unit
  • Three Storey Flat Above
  • Viewing By Appointment Only

Full description

COMMERCIAL/RESIDENTIAL INVESTMENT RETAIL PREMISES FOR SALE.
Situated in the centre of Grantham this property occupies a good trading position with neighbouring properties including Boyes and Catlins Restaurant. The shop premises are arranged on the ground floor with open plan retail and sales area currently attracting a rental income of £12,000 per annum. Above the property there is a three storey flat having accommodation comprising first floor lounge diner and kitchen, second and third floor bedrooms and two bathrooms. The flat is currently vacant but was generating an income of £405 pcm. Access to the property can be gained from Grantham High Street next to Catlins restaurant.

Viewing - Strictly by appointment with the Selling Agents Escritt Barrell Golding. All prospective purchasers are invited to discuss any matters of particular interest to them with a staff member who has seen the property before making an appointment to view.

Description - COMMERCIAL/RESIDENTIAL INVESTMENT RETAIL PREMISES FOR SALE.
Situated in the centre of Grantham this property occupies a good trading position with neighbouring properties including Boyes and Catlins Restaurant. The shop premises are arranged on the ground floor with open plan retail and sales area currently attracting a rental income of £12,000 per annum. Above the property there is a three storey flat having accommodation comprising first floor lounge diner and kitchen, second and third floor bedrooms and two bathrooms. The flat is currently vacant but was generating an income of £405 pcm. Access to the property can be gained from Grantham High Street next to Catlins restaurant.

Situation - Grantham is an historic and growing market town situated on the old Great North Road (A1) and East Coast main line linking the town to London (Kings Cross) in just over an hour. Within the town there are both girls' and boys' grammar schools, also a number of primary, secondary and nursery schools. Grantham boasts a wealth of further amenities such as health, leisure and shopping including a variety of independent and national chain shops as well as a Saturday street market.

Accommodation - All dimensions are approximate and are taken from plaster to plaster or internal wall faces. Photographs are taken using a wide-angle lens.

12 High Street -

Lease - The property is occupied by G Mawby and P Palmer under the terms of the lease dated January 2010 at the passing rent of £12,000 per annum.

Retail Unit - Offered for sale is the ground floor retail unit and the flat accommodation above. The retail unit is bay-fronted with original features to the exterior. Air conditioning unit. Alarm system. Door leading to:

Shop Unit - 4.98m x 4.42m excluding bay (16'4" x 14'6" excludi - Having two walk-in changing cubicles with steps leading to:

Further Retail Area - 4.62m x 2.64m (15'2" x 8'8") - Doorway leading to:

Rear Lobby/Store Area/Kitchenette - 2.31m x 1.04m (7'7" x 3'5") - Having single drainer stainless steel sink and base unit below. Door giving access to the side passage way.

Wc/Store Area - 2.34m x 1.12m (7'8" x 3'8") - Having low level WC and pedestal wash hand basin.

Rateable Value - The current rateable value is £8,800. Details of the rates payable can be obtained from South Kesteven District Council - 01476 406080.

12A Flat Above Shop Premises - The Flat is currently vacant but has generated a previous rental income of £405 pcm.

Ground Floor - Entrance door with stairs leading to:

First Floor Landing - Having electric wall heater and Velux window. Leading to:

Kitchen - 3.23m max x 2.62m (10'7" max x 8'7") - Having range of both wall and base units, electric oven, hob and extractor over, tiled splashbacks and plumbing for washing machine.

Lounge - 4.95m x 4.01m max (16'3" x 13'2" max) - Having two sash windows to the front elevation, electric wall heater and television point.

Second Floor Landing - Having window to the side elevation and storage cupboard. Doors to:

Bedroom One - 5.33m x 4.19m (17'6" x 13'9") - Having range of fitted wardrobes, electric storage heater and access to loft space.

Bathroom - Being fitted with pedestal wash hand basin, low level WC, panelled bath with shower over, heated towel rail and airing cupboard.

Third Floor Landing - Access to:

Bedroom Two - 3.71m x 3.25m max (12'2" x 10'8" max) - Having sash window to the rear elevation, electric wall heater and airing cupboard.

Bathroom - Being fitted with pedestal wash hand basin, low level WC and panelled bath. Window to the side elevation.

Tenure - The property is understood to be freehold.

Services - Please note that the services and any associated fittings and appliances referred to in these particulars have not been tested.

Disclaimer - Whilst we have taken great care in the preparation of these particulars, prospective purchasers are advised that the Executors have never seen the property and therefore unable to verify their accuracy.

Council Tax - We understand from the Valuation Office Website that the flat is assessed in Band "A". South Kesteven District Council - 01476 406080.

Money Laundering Regulation - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

Energy Efficiency Rating - The energy efficiency rating is a measure of the overall efficiency of a home. The higher the rating, the more energy efficient the home is and the lower the fuel bills will be.

Environmental Impact - The environmental impact rating is a measure of a home's impact on the environment in terms of carbon dioxide (CO2) emissions. The higher the rating, the less impact it has on the environment.

Floor Plans - These are intended for identification purposes only and are not to scale. Any areas measured or distances referred to are given as a guide only and are not necessarily precise. Purchasers should satisfy themselves as to the accuracy of the plans. Copyright - Escritt Barrell Golding.


More information from this agent

Energy Performance Certificates (EPCs)

Floorplans

Map & Street View

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