Freehold Multi Let investment for Sale

£1,500,000 + VAT

14,500 sq ft space across 2 buildings

Available Size - 14,500 sq ft
Price - £1,500,000 + VAT
Business Rates - Each unit is individually rated - tenants responsibility
Service Charge - £0.50 per sq ft paid by the tenants to include building insurance
Car Parking - 48 space across 2 car parking areas
VAT - Applicable
Legal Fees - Each party to bear their own costs
EPC Rating - C (54)

Offered For Sale - The Maltings is a well presented and well located multi let office investment in the Centre of Grantham, The block is a good quality multi-let office conversion with ample parking within a prominent town centre location. This Grade II Listed former maltings building provides aesthetic features and the additional provision of parking for up to 48 cars.

Location - Grantham is a market town with a resident population in the order of 38,000 serving a large catchment area. The town is well served with excellent road and rail links. The surrounding larger centres of Nottingham and Lincoln are both within an hours drive.

Accommodation - The accommodation comprises the following areas:

Ground Floor Suite 3,440 sq ft - 319.6 sq m
First Floor Suite 3,735 sq ft - 347.1 sq m
Second Floor (Left) 2,849 sq ft - 264.7 sq m
Second Floor (Right) 1,932 sq ft - 179.5 sq m
Annex (G & FF) 1,764 sq ft -163.9 sq m
Annex (2F) 964 sq ft - 89.5 sq m
Total (NIA) 14,684 sq ft 1,364 sq m

Terms - Offered For Sale Freehold with a guide price of £1.500,000 plus VAT.

Income - The Current income is £127,500 per annum and is fully let apart from one small office in the Annexe (£12,000 per annum) - fully let the net rental income is circa £140,000 per annum.

Leases range from 12 months to 5 year terms - a detailed tenant breakdown is available on request.