Commercial development for sale

Ancaster Hall, 13 Ermine St, Ancaster, Grantham, NG32 3PW

01664 518223

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Commercial development

0 bed

0 bath

0.50 acre(s)

Property description & features

Tenure: Freehold
11 Self contained flats
Currently Income producing £32,820 with 4 voids
Planning granted in 2008 for 6 additional flats (now lapsed)
Private dwelling conversion capabilities STP
On site parking with further expansion STP
Grade II* listed property
Circa 0.50 Acre plot
17th century property with unencumbered views

Ancaster Hall is a 17th-century stone-built property with a pitched tile covered roof and hosts a number of period features. Currently the property comprises 11 self-contained flats, including one rear detached annex. The live rental income of Ancaster Hall is £32,820 with 4 flats vacant. The property holds the prospects to update and reconfigure to elevate this total, subject to any planning consents needed.

Additionally, the 0.5-acre plot offers great conversion and expansion capabilities if the desired use was a statement residential home that includes a large rear garden, a wine cellar & additional outbuildings and unencumbered views both front and rear, subject to planning.

Ancaster, though a small rural village, boasts a variety of amenities such as its own railway station, nursery, primary school, doctor's practice, convenience store, public house, playing fields and a petrol station. The village is situated 6 miles west of Sleaford and 8 miles north of Grantham, on the northern side of the A153.

Offered for sale as a freehold investment.
Ancaster Hall is offered with tenanted possession. Of the 11 self contained flats 7 flats are currently tenanted with active AST's, 4 at present are vacant.
ERV: £51,480 - Guide price - offers in access of £500,000

We are advised that all mains services are connected to the property with the exception of gas. These services have not been inspected or tested by the agent.
Each flat is individually metered to both water and electricity:
- Water charges are billed directly to the tenant via the supplier.
- Electricity is billed to the landlord and then charged to the tenants based on their usage as recorded by the sub-meter.

We believe Ancaster Hall does not require an HMO licence due to the flats being self-contained. However, South Kesteven District Council requested a licence, which has been in place since 1992.

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Places of interest

P & F Commercial - Oakham

18 Midland Co, Station Approach Oakham, Rutland LE15 6RA

01664 518223

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P&F Commercial is a well-established Commercial Estate Agency business operating across the EastMidlands. Centrally located in Rutland, with the major Cities of Leicester, Nottingham, Peterboroughand Northampton all within 40 miles, P&F Commercial are perfectly located to handle all types ofCommercial property including Shops, Offices, Industrial Units, Post Offices and any other generalInvestment/property businesses. With over 40 years combined experience in the property business, P&F Commercial has a wealth ofspecific knowledge in the sector. P&F Commercial do not just deal in vacant property but can assistbuyers and sellers in the transfer of operating businesses and are perfectly placed to assist start up’sand SME’s in the acquisition, lease or sale of the premises essential to making the enterprise asuccess. We understand that buying, selling or leasing property can be a stressful time and we are more thanhappy to handle the transaction discreetly with or without formal open market promotion and wecan arrange meetings and viewings outside office or working hours as necessary. We can handle any property from the lease of the smallest shop or office unit to multi-million poundfreeholds and we take pride in the way we can market our client’s properties using selected InternetPortals, our own website at www.pandfcommercial.com and our extensive database. We are always happy have an open chat about the services we can offer so please give us a call to discuss your requirements.

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Property reference 228717-1. 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 P & F Commercial - Oakham.

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