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Retail Property (high street) for sale

Diva, 18 Watergate, Grantham, NG31 6PR

Removed £185,000
1,291 sq. ft.

Property Description

Commercial information

  • 1,291 sq ft (119 sq m)

Full description

Tenure: Freehold

Grantham is an established market town in South Lincolnshire with a population of approximately 38,000 people. The town benefits from excellent road communication links via the A1 together with a mainline rail connection to London Kings Cross with a journey time of approximately 80 minutes.

Grantham is located approximately 23 miles east of the City of Nottingham and 25 miles south of the City of Lincoln.

18 Watergate occupies a prominent town centre position with Watergate being one of the main thoroughfares leading to the town´s High Street which is home to a number of retail outlets together with Estate Agencies and Hot Food Takeaways. The property is situated directly adjacent to, and has a return frontage facing the busy Watergate Public Pay & Display Car Park.

The property briefly comprises an end-terraced two storey building of brick and stone construction under a flat roof covering that has recently been renewed.

The property benefits from an extensive glazed frontage onto Watergate with central personnel door together with glazed return frontage facing onto the Watergate Public Pay & Display Car Park. There is loading access and limited parking provision to the rear of the property and a staircase at the back of the Retail element of the property leads to the first floor accommodation which has been sub-divided by partitioning to form stock rooms together with a kitchen and WC facility but which could provide additional sales areas, if required, or, alternatively, maybe be suitable for a conversion to residential use subject to the relevant planning permission being obtained.

The property has been owned by our clients for a number of years and is well-presented throughout and ready, in our opinion, for immediate occupation.

The property benefits from a modern, aluminium-framed floor to ceiling shop windows with UPVC framed double glazed windows at first floor level and the ground floor retail accommodation benefits from a suspended ceiling with inset lighting panels and a central electric air conditioning/heating unit together with an electric over-door heater and a Karndean floor covering. We understand that two car parking spaces are provided to the rear where there is also a small rear yard for the storage of bins and so on.

In terms of net internal area, the property has the following approximate areas:

Floor Use Sq Ft Sq M
Ground Shop - Zone A 450 41.85
Ground Shop - Zone B 226 21.02
First Stock Rooms & Kitchen 614 57.07
TOTAL 1290 119.94

We understand that mains water, electric and drainage are connected to the property and that mains gas is available from Watergate. Please note that Brown & Co have not tested any of the utilities or apparatus contained within the property and as such prospective purchasers are advised to check up on the adequacy and condition and provision of any services with the relevant Statutory Authorities prior to making an offer to acquire this property.

The freehold interest in this property with the benefit of vacant possession upon completion is available at an asking price of £185,000 (One Hundred and Eighty Five Thousand Pounds).

The property is assessed under the 2010 Rating List as a Shop & Premises with a Rateable Value of £12,250. For further information and to confirm the level of Business Rates payable, please contact South Kesteven District Council Tel: 01476 406080.

The asking price quoted within these particulars is exclusive of, but may be liable to, VAT at the prevailing rate and prospective purchasers should clarify the position regarding VAT prior to making an offer to acquire this property.

Each party will be responsible for their own legal costs incurred in any transaction negotiated.

We understand that the property has an established planning permission under Use Class A1 covering general Retail uses.

We believe that potential may exist, subject to the relevant planning permission being obtained, to convert the first floor accommodation, should this be required, to form a self-contained Residential Flat with access from the rear of the property.

For further information in respect of planning-related matters, please contact South Kesteven District Council Tel: 01476 406080.

EPC Rating E.

For further information or an appointment to view this property please contact:
Brown & Co
Granta Hall
Finkin Street
Grantham, NG31 6QZ
Tel: 01476 514450 Fax: 01476 594242
Email: Contact: James Cameron

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