The Maltings, Wharf Road, Grantham, Lincolnshire, NG31 6BH
£850,000+
Commercial
Key Features
- A freehold multi-let office investment comprising 7 office suites totaling 14,684 sq ft with an additional 48 parking spaces
- Located in a prominent position in the heart of Grantham town centre
- Total current rent reserved of £68,350 pax with scope to increase. (ERV: £169,247 pa)
Part of the
22 February 2024
auction
The Nottingham Racecourse
at
2.30PM
A freehold multi-let office investment comprising 7 office suites totaling 14,684 sq ft with an additional 48 parking spaces located in the heart of Grantham town centre. Total current rent reserved of £68,350 pax with scope to increase. (ERV: £169,247 pa)
- Freehold multi let office investment building
- Located in a prominent position in Grantham town centre
- A 5 minute walk to Grantham Train Station (1hr to London)
- Excellent road links to A1, A52 & A607
- Close to town amenities: Restaurants, leisure facilities & shops
- Nottingham City is 21 miles and Lincoln town is 22 miles
- Comprises 7 office suites
- Annex comprises 2 office suites over GF, FF & SF
- Main building comprises 5 suites over GF, FF & Attic space
- Additional car park (31 spaces) located on Station Road
- Grade II listed
- Total current rent reserved of £68,350 pax
- Scope to increase income, fully let ERV of £169,247 pa
- Potential residential redevelopment scheme (STP)
- An ideal asset managements opportunity
Contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold subject to the existing tenancies (refer to Legal Pack)
Refer to Legal Pack