Commercial Property for sale

Freehold Investment for sale - 5 apartments in Grantham

£395,000
2,884 sq. ft.

Property Description

Commercial information

  • 2,884 sq ft (267 sq m)

Full description

Tenure: Freehold

LOCATION
The property is situated in an area known as Sunningdale, located to the North East of Grantham Town Centre.
The apartments are above a small retail parade anchored by a Costcutter Convenience Store. Other retailers include a Hairdresser and Fish and Chip Shop.
Grantham is a historic market town with a population of circa 38,000. It is well situated with great access to A1 motorway, with easy access to Lincoln in the North and Peterborough to the South via the A1 and Nottingham to the West via the A52. Excellent rail communications, with regular services to London Kings Cross, via the East Coast Mainline.

DESCRIPTION
A block of 5 residential investment units set out over the first floors of a modern retail parade, built in 2008. The units comprise a mix of 1 and 2 bedroom apartments (2 x 1 bedroom and 3 x 2 bedroom), with each apartment having the right to park a single car within the parade car park, which provides 21 spaces in total.

ACCOMMODATION
The five flats have a combined net internal area of 267.9 sqm (2,884 sq ft)
Apartments 1 & 4 (1 bedroom)
Apartments 2,3 & 5 (2 bedrooms)

SERVICES
All mains services are connected to the units with gas central heating systems. These services haven't been tested by the agent. Each apartment is self contained in terms of metering and billing.

TERMS
Offered for sale freehold, any interested parties will be responsible for the administration of the service charge, paid for by residential and commercial tenants within the building

OUTGOINGS
The individual units are rated independently and payment will be the responsibility of the tenant occupiers.

VAT
We are advised that the property has not been elected for VAT

LEGAL COSTS
Both Parties will be responsible for their own legal costs.

SERVICE CHARGE
The apportioned service charges per apartment to include Buildings insurance is as follows;
* Apartments 1 and 4 (1bed) £293 per annum
* Apartments 2 and 3 (2 beds) £495 per annum
* Apartment 5 (2 Beds) £424 per annum

PARKING NOTES
A total of 21 spaces are available for the apartments and retail centre - each apartment is allocated one space per tenant.

OTHER
Finance may be available through Independent Financial Brokers and Moores Commercial would be please to make an introduction for you. The Brokers are completely Independent of Moores Commercial and will offer confidential, unbiased advice regulated by the Financial Authorities. Please ask for further details.

VIEWING
Viewing is strictly by prior appointment via the sole agents Moores Commercial Tel: 01664 431330 or via email office@moorescommercial.com


More information from this agent

Nearest stations

  • Grantham (1.7 mi)
  • Ancaster (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Moores Commercial , Rutland

36 High Street, Oakham, Rutland, LE15 6AL

01664 900003 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Grantham (1.7 mi)
  • Ancaster (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Moores Commercial , Rutland

36 High Street, Oakham, Rutland, LE15 6AL

01664 900003 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 102091000468. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Moores Commercial , Rutland. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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