Withdrawn
- Retail Property (high street)
- Tenure: Leasehold. The property will be held on a 999 year lease from completion.
Call the team on 020 7625 9007 for more information
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%)
The property comprises a ground floor retail unit situated within a shopping centre arranged over ground and first floors.
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.
Accommodation
Ground Floor Retail Unit G.I.A. Approximately 4,566 sq ft
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.
VAT
VAT is applicable
Energy Efficiency Rating (EPC)
Current Rating E
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
