Apartment for sale

AGENTS NOTE Martin & Co are delighted to offer to the market this substantial, detached, "freehold" investment property. The property is of period construction advantageously on a corner plot located at the junction of Wharf & London Road. London road is the A52 which is the main arterial route through Grantham. The property stands in a corner position on a busy cross roads close to the very heart of town. The property is also conveniently located for access to both the bus and train stations. The former being a mere 3 minute walk from the property and the latter and under 10 minute walk away. Two of the towns major car parks are less than 350yds from the property and a number of others including those adjacent to Grantham station are only slightly further away.

Grantham is currently a rapidly expanding town with a number of large scale residential developments under construction. Its popularity being due to its central geographic location with excellent access to the A1 with numerous North & South junctions within 1.6 to 3.5 miles of the property. The railway station is on the East Coast mainline which affords a regular service to London Kings Cross in approximately one hour.

The restaurant is let on a twelve year lease at a current of 17,000 per annum. The four flats being let on assured shorthold tenancies and currently producing 1,885 per month / 22,620.00 per annum. Thus the property is attracting a gross annual income of 39,620.00 as let at the 24th June 2025.

EPC ratings Flat 1 - (E)/42, Flat 2 - (E)/50, Flat 3 (TBC), Flat 4 (TBC) - Council Tax is payable by the individual occupants.

GROUND FLOOR & BASEMENT (RESTUARANT) The ground floor and basement to the property is currently let to an established restaurant business. The lease being for a contractual term of 12 years having commenced on the 1st September 2021. The unit comprising, to the ground floor: an extensive predominantly open plan dining area as well as bar, office, rest rooms, kitchen, food storage and food preparation areas. Cellar/basement.

FLATS To the Wharf Road side of the property there is a separate entrance to a communal ground floor hall with access to the four flats which are arranged as follows.

FIRST FLOOR (FLATS 1 & 2)

FLAT 1 This is the TWO bedroom unit with separate kitchen, living area and bathroom. EPC Band (E)

FLAT 2 One bedroom unit with private hallway, notably large reception room, kitchen and en-suite bathroom. EPC Band (E)

SECOND & THIRD FLOORS (FLATS 3 & 4)

FLAT 3 With private hallway, living room, kitchen, bathroom and double bedroom EPC under preparation

FLAT 4 Private hallway, bedroom, living room, and kitchen. EPC under preparation