This property is no longer on the market
Retail property (high street)
Property description & features
- Tenure: Freehold
*For Sale By Online PublicAuction 12th September 2024 10:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Ground Floor Retail Unit Subject to a Lease Producing £15,000 Per Annum Rising to £20,000 in 2025 (Reflecting a Gross Initial Yield of 9.3%)
Tenure
Leasehold. The property will be held on a 999 year lease from completion.
Location
The property is situated within a shopping centre close to local shops and amenities. The open spaces of Hills & Hollows are within easy reach. Transport links are provided by Grantham rail station.
Description
The property comprises a ground floor retail unit situated within a shopping centre arranged over ground and first floors.
Accommodation
Ground Floor
Retail Unit
G.I.A. Approximately 4,566 sq ft
Accommodation
Tenancy
The property is subject to a lease to Mrs Namrata Devkota for a term of seven years commencing 15th December 2023 at a rent of £15,000 per annum. Rising to £20,000 per annum in 2026.
Note
EPC Rating
E
VAT
VAT is applicable
Open To View During Normal Business Hours
Addendum
For the avoidance of doubt, VAT is applicable to this sale.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 257992. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House London - Hampstead.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.