10 Wharf Road, Grantham
£10,000 pa
To Let
1/10
£10,000 pa
To Let
Get in touch
William Downing
BSc (Hons) MRICS FNAEA MARLA
Director
03301280939
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Property summary
Investment for saleThree storey mixed use buildingRetail and residentialProminent location with frontage on to Wharf RoadSubject to four individual tenancies agreements Current income £24,880 Per AnnumNet initial yield of 8.10% at asking priceEPC RATING - C (10), EPC Rating - D (10A) EPC Rating - D (10B), EPC RATING - C (10C)Get in touch
William Downing
BSc (Hons) MRICS FNAEA MARLA
Director
03301280939
More about the property
Fully occupied mixed-use investment for sale with an asking price of £300,000. The Property currently produces an annual income of £24,880 Per Annum which reflects a Net Initial Yield of 8.1%.
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DESCRIPTION
The property comprises a mixed-use three storey building that has been extended and reconfigured by the current owners to provide a ground floor shop with a 2/3 bedroom maisonette above and two independent one bedroom houses to the rear.
The property comprises a mixed-use three storey building that has been extended and reconfigured by the current owners to provide a ground floor shop with a 2/3 bedroom maisonette above and two independent one bedroom houses to the rear.
Location
The property is located on the periphery of Grantham town centre with frontage onto one the main arterial routes running through Grantham; the A52 (Wharf Road).
The property is located on the periphery of Grantham town centre with frontage onto one the main arterial routes running through Grantham; the A52 (Wharf Road).
Unknown
The accommodation more particularly comprises:
The accommodation more particularly comprises:
SERVICES
Pygott and Crone have been made aware that mains water, electric, gas and drainage are connected to the property. The services or installations have not been serviced or tested.
Pygott and Crone have been made aware that mains water, electric, gas and drainage are connected to the property. The services or installations have not been serviced or tested.
TENURE
The freehold is for sale subject to the existing tenancies at an asking price of £300,000 (three hundred thousand pounds).
The freehold is for sale subject to the existing tenancies at an asking price of £300,000 (three hundred thousand pounds).
Unknown
The property is subject to four separate tenancy agreements which produce a combined income of £24,880 Per Annum.
The property is subject to four separate tenancy agreements which produce a combined income of £24,880 Per Annum.
Unknown
The property is subject to the following local taxation:
The property is subject to the following local taxation:
Legal Fees
In the usual manner each party will be responsible for their own legal costs incurred within the transaction.
In the usual manner each party will be responsible for their own legal costs incurred within the transaction.
VAT
We understand that VAT will not be charged in addition to the sale price.
We understand that VAT will not be charged in addition to the sale price.
Unknown
We noted the following EPC assessments relating to the Property:
We noted the following EPC assessments relating to the Property:
