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Retail premises for sale in The George Shopping Centre, Grantham

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Retail premises for sale

Property description

Guide Price = £170,000+

**For Sale By Public Auction 12th September 2024 10:00 am. To inspect the legal documents for this property go to our website to download the legal pack**

Two Ground Floor Retail Units Fully Let Producing £17,900 Per Annum (Reflecting a Gross Initial Yield of 10.5%)

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 two ground floor retail units situated within a shopping centre arranged over ground and first floors.

Accommodation
Ground Floor
Unit 8
Retail Unit

G.I.A. Approximately 1,780 sq ft

Unit 9
Retail Unit

Tenancy
Unit 8 is subject to a lease for a term of five years commencing 15th January 2024 at a rent of £8,400 per annum.

Unit 9 is subject to a lease for a term of three years commencing 24th October 2022 at a rent of £9,500 per annum.

Open To View During Normal Business Hours

Property info

Legal Documents

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Auction House London, and do not constitute property particulars. Please contact Auction House London for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.