Guide price
£225,000
Office for saleCommercial Road, Grantham NG31
About this property
Achieving Over 31,000 Per Annum
Three Units Over Two Storeys
Close To Grantham Town Centre
Fantastic Investment Opportunity
Estimate Yield Of 12% - 13%
Over 11,000 Square Foot
Short Walk To Train Station
EPC's In Place
Summary
For sale via secure sale online bidding - terms and conditions apply.
This well-maintained building presents a prime investment opportunity, currently generating a strong annual rental income of approximately 31,000 per annum, with all units fully let. The property also includes generous accommodation throughout, and a large basement area currently used for storage, which offers potential for alternative uses (subject to the necessary consents).
To the front, a spacious courtyard provides off-street parking, further enhancing the property's appeal.
Situated in the historic market town of Grantham, the property benefits from a thriving local community and excellent connectivity. Grantham offers a compelling mix of traditional charm and modern convenience, with a wide array of shops, cafs, restaurants, schools, and healthcare facilities.
Grantham boasts superb transport links, including direct trains to London King's Cross in just over an hour and immediate access to the A1, making it highly attractive to both residents and commuters.
Surrounded by beautiful countryside and notable heritage sites such as Belton House and Woolsthorpe Manor, Grantham remains a sought-after location for investors seeking stable returns in a well-connected and desirable area.
Please note we have not inspected this property.
Location
Situated in the historic market town of Grantham, the property benefits from a thriving local community and excellent connectivity. Grantham offers a compelling mix of traditional charm and modern convenience, with a wide array of shopGrantham boasts superb transport links, including direct trains to London King's Cross in just over an hour and immediate access to the A1, making it highly attractive to both residents and commuters.
Surrounded by beautiful countryside and notable heritage sites such as Belton House and Woolsthorpe Manor, Grantham remains a sought-after location for investors seeking stable returns in a well-connected and desirable area.s, cafs, restaurants, schools, and healthcare facilities.
Accommodation
The property also includes generous accommodation throughout, and a large basement area currently used for storage, which offers potential for alternative uses (subject to the necessary consents).
To the front, a spacious courtyard provides off-street parking, further enhancing the property's appeal.
EPC
Available upon request ( Rating D )
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
For sale via secure sale online bidding - terms and conditions apply.
This well-maintained building presents a prime investment opportunity, currently generating a strong annual rental income of approximately 31,000 per annum, with all units fully let. The property also includes generous accommodation throughout, and a large basement area currently used for storage, which offers potential for alternative uses (subject to the necessary consents).
To the front, a spacious courtyard provides off-street parking, further enhancing the property's appeal.
Situated in the historic market town of Grantham, the property benefits from a thriving local community and excellent connectivity. Grantham offers a compelling mix of traditional charm and modern convenience, with a wide array of shops, cafs, restaurants, schools, and healthcare facilities.
Grantham boasts superb transport links, including direct trains to London King's Cross in just over an hour and immediate access to the A1, making it highly attractive to both residents and commuters.
Surrounded by beautiful countryside and notable heritage sites such as Belton House and Woolsthorpe Manor, Grantham remains a sought-after location for investors seeking stable returns in a well-connected and desirable area.
Please note we have not inspected this property.
Location
Situated in the historic market town of Grantham, the property benefits from a thriving local community and excellent connectivity. Grantham offers a compelling mix of traditional charm and modern convenience, with a wide array of shopGrantham boasts superb transport links, including direct trains to London King's Cross in just over an hour and immediate access to the A1, making it highly attractive to both residents and commuters.
Surrounded by beautiful countryside and notable heritage sites such as Belton House and Woolsthorpe Manor, Grantham remains a sought-after location for investors seeking stable returns in a well-connected and desirable area.s, cafs, restaurants, schools, and healthcare facilities.
Accommodation
The property also includes generous accommodation throughout, and a large basement area currently used for storage, which offers potential for alternative uses (subject to the necessary consents).
To the front, a spacious courtyard provides off-street parking, further enhancing the property's appeal.
EPC
Available upon request ( Rating D )
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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