89 London Road, Grantham, NG31 6HS

The property comprises a ground floor retail warehouse with a one-bedroom flat above, likely built in the 1950s/60s. It features a steel frame, brick walls, and a single-skin asbestos roof with roof lights. The flat has a flat roof and UPVC double-glazed windows.

The retail unit spans three split levels, linked by ramps, and includes a dog-wash, grooming parlour, sales area, kitchenette, WC, and storage. There is rear access via roller shutter, with additional office and mezzanine storage. Heating is by gas blower and air conditioning.

The first floor residential flat includes a lounge, kitchen, bedroom, and bathroom, accessed via a ground floor entrance. It has electric heating and one allocated parking space.

Externally, the property offers front and rear parking for up to 8 vehicles, with access from both London Road and Inner Street.

The property is located in Grantham, approx. 22 miles east of Nottingham and 1.25 miles from the A1(M), offering excellent road links to London, Leicester (33 miles), and further north. Grantham railway station is just 0.5 km away, with direct services to Nottingham (35 mins) and London Kings Cross (1 hr 10 mins). Positioned on London Road (A52), the property sits in a primarily commercial area with nearby retail and warehouse units.

Please contact the marketing agents for further information.

Please contact the marketing agents for further information.

Freehold, subject to and with the benefit of the occupational lease to Pets and Friends Trading Ltd (Company no. 15745473) on the following terms:

Term: 10 years
Lease Commencement: 7th July 2017
Experian Credit Score: 62 (low risk) – credit limit TBC
Annual Rent: £26,250 per annum exclusive
Rent Review: 7th July 2022

Additionally, the Assured Shorthold Tenancy of the first floor residential flat with the tenant currently on a periodic tenancy paying a rent of £5,353 per annum.

Offers invited at a quoting price of £300,000 which reflects an NIY of 10.20% having allowed 3.30% for purchaser’s costs.

VAT is not applicable to the price. The transaction will be treated as a TOGC for VAT purposes.

Each party will be responsible for their own legal costs incurred in documenting the transaction.

In accordance with Anti-Money Laundering Regulations, two forms of I.D. and confirmation of the source of funding will be required from the successful purchaser.