30-40 London Road, Grantham
NG31 6HJ
Location: Grantham
Tenure: Freehold
Type: Investment
Price / Rent: £POA £1,750,000
Availability: Sold
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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