01476 930891
This property occupies a prominent position along Westgate in the centre of Grantham. Grantham is a growing market town with a current population of approximately 45,000. In coming years there is set to be circa 3,700 houses built as well as a health centre and shops at The Spittlegate Heath Development which is only circa 2 miles away from the subject property. Grantham is located approximately 15 miles South of Newark and 23 miles North of Stamford. The town benefits from the A1 Great North Road close by as well as The East Coast Mainline running through.
The property comprises a substantial three-storey building with large basement that has over recent years been used as a restaurant/café. On the ground floor the accommodation comprises a main café/retail area with WC's and kitchen to the rear. Above the kitchen is a first floor that has be used as storage and an office. Above the front of the building there are two floors that have been used for ancillary storage but have planning permission for four one-bedroom flats ranging from 376 to 640 sq m. To the rear of the café area there is an external courtyard providing a substantial area for additional seating. The property is grade 2 listed and benefits from a large cellar and an attractive frontage onto Westgate. The kitchen contain a range of stainless steel sinks, work surfaces, shelving and gas cookers.
We have calculated the net internal floor area to be as follows;
Retail area- 134.76 sq m (1,451 sq ft)
Kitchen- 46.06 sq m (496 sq ft)
First floor store- 55.48 sq m (597 sq ft)
First floor- 91.78 sq m (988 sq ft)
Second floor- 94.76 sq m (1,020 sq ft)
Basement- 97 sq m (1,044 sq ft)
TOTAL NIA- 519.84 sq ft (5,596 sq ft)
We understand that mains electricity, water, gas and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Commercial List and prospective lessees must rely on their own investigations as to their existence and condition.
From enquiries made though the Valuation Office website, we understand that the following rating assessment applies;
Rateable value: £21,500
Interested parties should make their own enquiries as to the amount of rates payable.
The property is available TO LET on a new full repairing and insuring lease for a term to be negotiated at an asking rent of £28,000 plus VAT per annum.
Energy rating: B
We understand that VAT will be charged.
Each party to pay their own legal costs incurred.
For an appointment to view or further information please contact;
Charlie Burrows- e: charlieb@commerciallist.co.uk t: 07923 448308
Under the Estate Agents Act of 1979, we hereby give notice that an employee of Commercial List is a relative of the owner of this property.
