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Sunningdale, Grantham, Lincolnshire – Grantham

For sale £395,000 2,884 sq ft

Pygott & Crone
Full address
Sunningdale, Grantham, Lincolnshire NG31 9SB – Grantham
Contact details

020 *** ****

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Property type
Shop, retail unit for sale
Asking price
£395,000
Features
Car park, Cleaning, Modern, Storage, Telephone system, Train transport, Transport
Size
2,884 sq ft
Tenure
Freehold
NIY (%)
6.3
Brochure
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Facebook Twitter LinkedIn Click here to Book a Viewing The property comprises a modern mixed use building built circa 2008 containing ground floor retail units and 5 residential units (2 x 1 beds and 3 x 2 beds) all situated on the first floor level. Each residential unit has one single car parking space in the main car park which provides 21 spaces in total. The ground floor retail units are occupied by; Cost cutter, a fish and chip shop and an Indian takeaway. The five flats... Read full descriptionmeasure 268 sqm (2,884 sqft) net internal area. Hide full description
• Freehold Sale
• Residential investment
• 5 self contained units
• 2 x 1 bed and 3 x 2 beds The property comprises a modern mixed use building built circa 2008 containing ground floor retail units and 5 residential units (2 x 1 beds and 3 x 2 beds) all situated on the first floor level. Each residential unit has one single car parking space in the main car park which provides 21 spaces in total. The ground floor retail units are occupied by; Cost cutter, a fish and chip shop and an Indian takeaway. The five flats... Read full descriptionmeasure 268 sqm (2,884 sqft) net internal area. Hide full description
• Income producing £25,329 PAX
• Net yield circa 6.30
• %Popular residential location
• EPC Rating Unit - B
• EPC Rating Flats - D
• Freehold Sale
• Residential investment
• 5 self contained units
• 2 x 1 bed and 3 x 2 beds
• Income producing £25,329 PAX
• Net yield circa 6.30
• %Popular residential location
• EPC Rating Unit - B
• EPC Rating Flats - D
Grantham is an historic thriving and rapidly expanding market town with a population of some 35,000. The town is ideally situated for communication links being bypassed by the main A1 Trunk Road convenient for Nottingham & Peterborough & having regular Inter City train services to London's Kings Cross. Grantham has excellent facilities including first class Junior, Secondary & Grammar Schools and a wide range of health care services. The town also benefits from a new shopping centre development, sports & recreation pursuits and has everything which should be associated with a progressive community.
The property comprises a modern mixed use building built circa 2008 containing ground floor retail units and 5 residential units (2 x 1 beds and 3 x 2 beds) all situated on the first floor level. Each residential unit has one single car parking space in the main car park which provides 21 spaces in total.The ground floor retail units are occupied by; Costcutter, a fish and chip shop and a hairdressers.The five flats measure 268 sqm (2,884 sqft) net internal area.
Pygott and Crone have been made aware that mains water, electric and drainage are connected to the property. The services or installations have not been serviced or tested. Heating is provided to all five residential units by way of wall mounted storage heaters.
The vendor is selling the freehold interest in the whole property, including the ground floor retail units, five residential flats and the 21 space car park; however, the ground floor retail units have been sold off on 999 year leases at peppercorn rents.Each residential unit is let on an assured shorthold tenancy, with a combined income of £2,110 pcm (£25,329 pax)
The five residential units are responsible for 44% of the service charge of the whole building, which equated to £2,000 last year (subject to change), to cover external repairs and cleaning, lighting, maintenance of any common areas and includes the buildings insurance.

This shop, retail unit for sale is located in Grantham.

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