Mixed Use
DRAFT DETAILS
An excellent opportunity to acquire a vacant three storey premises situated in a prominent position overlooking the Market Place in Grantham town centre, comprising a ground floor retail unit with ancillary accommodation above which would suit conversion back to residential accommodation, subject to any necessary planning consents required. The first and second floor accommodation is currently accessed internally via a stairwell to the rear of the ground floor retail unit.
The building has been stripped and requires full refurbishment, with the potential for a variety of different uses, subject to planning consents. Excellent opportunity for an owner occupier of investor with retail and/or residential portfolios.
Grantham is an established historic market town in south Lincolnshire, approximately 23 miles east of Nottingham and 25 miles south of Lincoln. The A1 runs immediately to the west of the town providing excellent road links. The town also benefits from a mainline rail connection to London's Kings Cross, with a journey time of approximately 75 minutes.
The accommodation comprises:
6.6m max x 5.6m max
Open plan retail space having single glazed windows to front.
Large cellar area with two separate rooms.
5.2m x 3.2m
With fireplace, two single glazed sash windows to front elevation.
3.2m x 3.2m
With sink unit, two single glazed sash windows to front elevation
5.4m x 3.2m
With fireplace and single glazed sash window to front elevation.
3.2m x 3.3m
With fireplace, single glazed sash window to front elevation
With wash hand basin and high level wc.
Freehold. Vacant possession upon completion.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
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