Property Details

Cambridge Street, Grantham

For Sale

Reception Rooms: 0 | Bedrooms: 0 | Bathrooms: 0

Offers In The Region Of £95,000

  • Mixed Use Long Leasehold Investment Property.
  • Ground Floor Retail Shop Currently Vacant.
  • Potential For Alternative Use Subject to Planning Consent.
  • Self-Contained First Floor Flat Let Under A'S'T'.
  • Convenient Fringe of Town Centre Location.
  • 999 Year Lease from 1875. No Ground Rent Payable.

LOCATION

Grantham is an expanding South Lincolnshire market town situated at the intersection of the A1 and A52 trunk roads with a current population of approximately 39,000. Cambridge Street is situated off London Road on the south side of the town centre.

DESCRIPTION

The property is a two storey terraced building of traditional construction. The main walls being principally built of brick under a pitched tile clad roof. The building appears to have originally been a residential dwelling which has been converted to form a retail unit on the ground floor and a self-contained residential flat on the first floor. The ground floor has possible potential for alternative uses including reversion to residential subject to planning permission.

ACCOMMODATION

54 Cambridge Street

Salon

9.75m x 3.32m plus recess 3.42m x 0.9m (31'11" x 1
Prominent display window to the front elevation, split level floor, suspended tiled ceiling incorporating modern lighting. Wall mounted electric heater. Two fitted hair wash units. Store cupboard off with meters.

Lobby

Toilet off with washbasin and WC.

54A Cambridge Street

Side entrance door to entrance lobby with staircase leading to the First Floor:

Sitting Room

5.23m x 3.25m (17'1" x 10'7" )
Plus lobby.

Kitchen

3.17m x 3.15m (10'4" x 10'4")
With range of 'Beech' fitted units incorporating inset sink and side bowl, built in electric oven and gas hob and working surface with cupboards beneath. Matching wall mounted storage cupboards. Wall mounted gas fired boiler. Folding door to:

Dining Room

3.12m x 2.18m (10'2" x 7'1")

Bedroom

4.44m x 4.24m maximum overall measurements (14'6"

Bathroom

Bath with wall tiled surround and electric shower over, pedestal wash basin and W.C.

SERVICES

Mains gas, water, electricity and drainage are connected. Gas fired central heating is installed to the first floor flat.

BUSINESS RATES

The Business Rating Assessment in respect of the retail unit is £3,350.

COUNCIL TAX

The residential flat is in Council Tax band A.

TENANCIES

The ground floor retail unit is currently vacant and being offered to let. The first floor flat is let under an Assured Shorthold Tenancy. The passing rent is £375 per calendar month. Further details can be provided on request.

TENURE

The property is Leasehold. The lease is for a term of 999 years as 6 April 1875. It is understood that no ground rent is payable.

ENERGY PERFORMANCE CERTIFICATE

Page 1 of the Energy Performance Certificates are included within these particulars. The full EPC’s and Recommendation Reports are available on request.

PRICE

Offers in the region of £95,000.

ANTI-MONEY LAUNDERING LEGISLATION

The Money Laundering Regulations require us to formally identify parties to a transaction. Interested parties will be required to provide proof of identity and address – normally a photo card, driving licence or passport together with a recent utility bill.

VIEWING/FURTHER INFORMATION

Strictly by appointment with the Letting Agents Escritt Barrell Golding, 24 St. Peter's Hill, Grantham NG31 6QF.
All interested parties are invited to discuss any matter of particular interest with a staff member who has seen the property before making an appointment to view. Please contact Stephen Short, direct line 01476 541102. Email - stephen.short@ebgproperty.co.uk.

MAP

Property Details PDF

Cambridge Street, Grantham

Branch Details

Grantham
24 St Peters Hill,
Grantham,
Lincolnshire. NG31 6QF

Tel: 01476 590211
Email: grantham@ebgproperty.co.uk