Retail premises for sale in The George Shopping Centre, Grantham NG31
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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**
A Ground Floor Retail Unit Subject to a Lease Producing £15,000 Per Annum Rising to £20,000 in 2026 (Reflecting a Gross Initial Yield of 8.8%)
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
Tenancy
The property is subject to a lease 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.
EPC Rating
E
Open To View During Normal Business Hours
Property info
For more information about this property, please contact
Auction House London, NW3 on +44 20 3641 1932 * (local rate)
Disclaimer
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.
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