Log In/Sign Up
Your email has been sent.
89 London Rd 3,835 SF Retail Building Grantham NG31 6HS $557,974 CAD ($145.50 CAD/SF) 10.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Current total passing rent of £31,603 per annum exclusive
- Fully fitted retail shop and warehouse to the rear
- Prominent location facing London Road with good access to the A1(M) motorway
- Strong covenant tenant
- First floor residential flat above
EXECUTIVE SUMMARY
The property comprises a ground floor retail warehouse with a one-bedroom flat above, likely built in the 1950s/60s. It features a steel frame, brick walls, and a single-skin asbestos roof with roof lights. The flat has a flat roof and UPVC double-glazed windows. The retail unit spans three split levels, linked by ramps, and includes a dog-wash, grooming parlour, sales area, kitchenette, WC, and storage. There is rear access via roller shutter, with additional office and mezzanine storage. Heating is by gas blower and air conditioning. The first floor residential flat includes a lounge, kitchen, bedroom, and bathroom, accessed via a ground floor entrance. It has electric heating and one allocated parking space. Externally, the property offers front and rear parking for up to 8 vehicles, with access from both London Road and Inner Street.
Offers invited at a quoting price of £300,000 which reflects an NIY of 10.20% having allowed 3.30% for purchaser’s costs.
Offers invited at a quoting price of £300,000 which reflects an NIY of 10.20% having allowed 3.30% for purchaser’s costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
3,835 SF
Building Class
C
Year Built
1955
Price
$557,974 CAD
Price Per SF
$145.50 CAD
Cap Rate
10.20%
NOI
$56,913 CAD
Tenancy
Single
Building Height
2 Stories
Frontage
41’ on London Road
AMENITIES
- Storage Space
- Air Conditioning
1 1
NEARBY MAJOR RETAILERS
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
89 London Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.