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2 bedroom flat for sale

Norton Street, Grantham NG31
Sold STC
Flat
2 beds
2 baths
473 sq ft / 44 sq m
EPC rating: E
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Tenure: Freehold

COMMERCIAL

FOR SALE BY PRIVATE TREATY

21B Wharf Road and 1 Norton Street, Grantham, Lincolnshire

Incredible opportunity to buy this substantial, combined retail and residential investment unit with a potential rental income in excess of £14,000 per annum and potential yield in excess of 8%. In the middle of the town centre, between the bus and train station, and opposite Morrisons' car park, the commercial unit is vacant and could suit an investor or owner occupier who would like the additional income from the flats above, which are both currently let and have historically always rented out easily.

PRICE: £185,000

GRANTHAM: Is an increasingly popular Market town with a growing population of around 35,000 and shopping population estimated at between 70,000 and 80,000. There are excellent road and rail connections with the town being at the junction of the A1 and A52 trunk roads and within easy reach of major centres in the area including Nottingham, Leicester and Peterborough, all within 40 miles radius. London is approximately 65 minutes away by high-speed train from Grantham railway station.

LOCATION: The properties are situated on a busy road, being the main A52 through Town, close to major national retail outlets including Morrisons and within walking distance of the bus station and train station.

THE PROPERTIES: An End terraced retail shop with two flats above, with the shop at 21B currently vacant and the flats above 21B, which are addressed as 1 Norton Street, being let on Assured Shorthold Tenancies. Details of the tenancies are available at our Office. The properties individually comprise:-

21B Wharf Road, NG31 6BG Total Area: approx. 49 m² (534 sq. ft.) approx. with Sales Area, Rear Office, Staff/Kitchen, WC, cellar and rear yard with parking for one car.

1 Norton Street, NG31 6BY Two one bed flats, approached from the door from Norton Street but also above the unit on 21B Wharf Road, each comprising Living room, Kitchen, Bedroom and Bathroom and with electric heating throughout. The current combined rental for the flats is £9880 per annum, with a possible rental price of £5000 p.a. for the commercial unit making a potential yield of above 8%.

For sale separately is the STORE at the rear which has planning to convert to two, one bed flats - please ask for more details.

GENERAL:

OUTGOINGS: The rateable value for 21B Wharf Road is £2900.00. The Uniform Business Rate for 2023/24 is 49.9p in the £. Water and Sewerage charge payable in addition. Interested parties are advised to make their own enquiries with the Local Authority - the South Kesteven District Council - for verification purposes. Flats, 1 Norton Street - These flats are each Band A for Council Tax

EPC: The EPC rating for the Middle Flat, 1 Norton Street, is E49 and for the Top flat is D55. The EPC rating for 21b Wharf Road is E113.

SERVICES: Mains water, electricity, gas and drainage are available, though we understand the flats and shop have no gas connection. Fittings & equipment have not been tested & no warranties can be given that any service/appliance (inc. central heating, fires, hot water cylinder and cooker) referred to in this brochure operates satisfactorily. Prospective buyers and tenants must make their own enquiries & testing. There may be reconnection charges for services.

PHOTOGRAPHS: Any photographs are for identification purposes only.

VIEWING: By arrangements with the selling agents PIGOTT and HALL

MEASUREMENTS: Whilst every care has been taken in the preparation of these particulars, the purchasers or prospective tenants are advised to satisfy themselves that the statements contained and measurements given, if any, are correct. All measurements are approximate and given to the nearest 0.076m. (3ins.)

MONEY LAUNDERING: Money Laundering Regulations 2003: Intended purchasers will be asked to produce identification documentation at a later stage and we would ask for your co- operation in order that there will be no delay in agreeing a sale.

MISREPRESENTATION ACT: 'Pigott and Hall for themselves and for sellers or lessors of this property whose agent they are give notice that: (i) the particulars are set out as a general guide only for the guidance of purchasers & lessees, and do not constitute, nor constitute any part of, an offer or contract: (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them: (iii) no person in the employment of Pigott and Hall has any authority to make or give representation or warranty in relation to this property.'

POSSESSION: Vacant possession of this FREEHOLD property can be given upon completion.

VIEWING: By arrangements with PIGOTT and HALL 38 Westgate Grantham NG31 6LY


Property information from this agent

About this agent

Pigott & Hall - Grantham
Pigott & Hall - Grantham
38 Westgate Grantham NG31 6LY
01476 218787
Full profileProperty listings
Pigott and Hall is a traditional Independent property agent specializing in residential and commercial property management and sales in the Grantham Area. The company, founded in 2006, is owned and run by Timothy Hall and Carole Pigott who together bring over 50 years experience dealing with all aspects of Property Management and Sales and, combined with their local knowledge, provide a winning formula for successfully assisting you with your property. Whether it be one property or a portfolio of many, Pigott and Hall lettings department provides a professional, efficient yet friendly service. From finding tenants to drafting and signing the tenancy; from checking the tenant in to successfully obtaining possession for the Landlord, you can be assured that your property will be expertly managed and backed by our membership of both ARLA PROPERTYMARK and NAEA PROPERTYMARK We pride ourselves on giving open, honest and no nonsense advice regarding your property whether it be for sale, to let, or if you are not sure which would be the best option. Our fee is never more important than your satisfaction, but if you are not happy we are members of the The Property Ombudsman for your further peace of mind. Our letting service ranges from an introductory basis, which includes advertising the property and introducing prospective tenants, through to full management of the property. Our sales department's reputation is based on our initial free valuation where we will give you an open, honest and no nonsense opinion to the best price we believe you can achieve and the best way of achieving this. Unlike Agents that deal solely in Lettings or Sales we can offer you the best advice regarding your property, whether it be for sale, to let, or indeed if you are not sure which, if either, would be the best option. Westgate, Grantham Our sales service includes Free expert appraisal of your property for sale Highly competitive fees, No hidden charges Marketing, Brochure, Local and internet advertising included in fee, No Sale No Fee – subject to minimum sale term Traditional no nonsense approach to selling property Independent local agent for the best impartial advice All our properties are marketed locally in our town centre office window display, in the local paper when appropriate and on the internet. Pigott and Hall is a member of The Property Ombudsman Scheme and the Propertymark Client Money Protection Scheme. Our landlord and tenant fees can be found at www.pigottandhall.com.  Please contact us today for more information on the service we can provide you and for detailed advice on letting or selling your property.
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