041 - 04

30-40 London Road, Grantham
NG31 6HJ

Location: Grantham
Tenure: Freehold
Type: Investment
Price / Rent: £POA £1,750,000
Availability: Sold

THIS PROPERTY IS NOW SOLD

  • Prime Midlands Retail Park Investment.
  • Attractive and expanding market town.
  • Unrestricted Open A1 Retail Planning Consent.
  • Purpose built Retail Park comprising an approximate GIA of 11,963 sq ft.
  • Fully let to national retailers – Majestic Wine, Farmfoods and Barnardo’s.
  • Passing rent of £138,000 pa equating to average re-based rents of £11.54 per sq ft.
  • AWULT of 10.95 years, assuming no Break Options are exercised.
  • Attractive Lot Size.
  • Offers in excess of £1,750,000 which would show a net initial yield of 7.45% based on purchaser’s costs of 5.8%.

THIS PROPERTY IS NOW SOLD

 

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