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Full details for 1 Bedroom End of Terrace For Sale in Grantham

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Description

Arrange your viewing on this fantastic investment opportunity! 41a/41b is situated in the in a picturesque part of Grantham close to the Kings School, Grantham House and Wyndham Park. The property is a two storey end of terrace on the corner of Castlegate and Red Cross Street.The ground floor has planning permission under Use Class A1 covering cafe/delicatessen and is currently known as ‘Quick Bites‘. The ground floor has a cosy seating area, kitchen area and disabled access cloakroom. The ground floor retail premises is currently let on a 36 month term which started February 2018 on an internal repairing basis including the glazed shop front with a fixed rent of £600 per calendar month.

As well as the cafe the first floor consists of a recently refurbished, self contained apartment ideal for the owner to have a base above the cafe or as purely a rental investment. The apartment has its own private access on Redcross Street with stairs leading up to the open plan kitchen diner, bathroom, lounge and double bedroom. The apartment is modern, bright and ideal for a single or couple. The apartment is currently let with a six month Assured Shorthold Tenancy Agreement achieving £350 per calendar month.

BUSINESS RATES AND COUNCIL TAX

41a Castlegate is assessed under the 2010 Rating List with a rateable value of £4,200 while 41b Castlegate has been rated as a Band A property.
(to confirm the council tax rate and the business rate contact the Billing Authority, South Kesteven District Council - ).

Accommodation -

Entrance - Having door to the side to the entrance hall with stairs rising to the first floor.

First Floor Landing - With uPVC double glazed window to the side aspect, laminate floor, steps up to kitchen/diner.

Kitchen / Diner - 5.84m x 3.96m (19‘2" x 13‘0") - With uPVC double glazed window to the side and rear aspect, eye and base level units, work surface with inset stainless steel sink and drainer, integrated electric oven and hob, wall mounted central heating boiler and laminate flooring. Steps up to:

Lounge - 3.10m x 2.90m (10‘2" x 9‘6") - With uPVC double glazed window to the side aspect, radiator, being open to the kitchen diner.

Bedroom - 4.62m x 2.95m (15‘2" x 9‘8") - With uPVC double glazed window to the front and side aspect, radiator and built-in wardrobe storage with cupboards over.

Bathroom - With uPVC obscure double glazed window to the rear aspect, a 3-piece white suite comprising panelled bath with shower over and glazed shower screen, pedestal wash handbasin and low level WC.



Cafe Area - 8.53m x 4.85m overall (28‘0" x 15‘11" overall) -

Dining Area - With uPVC double glazed door and window to the front aspect, feature exposed brickwork, laminate flooring and open access to the kitchen area.

Kitchen / Serving Area - With uPVC double glazed window to the rear aspect and service counter.

Lobby Area - Leading to:

Cloakroom - With wash handbasin and low level WC



Tenure - The properties are leasehold.

Services - Mains water, gas, electricity and drainage are connected.

Directions - From High Street continue on to Watergate following the one way system on to Broad Street and left on to Brook Street. At the traffic lights adjacent to Kings Grammar School turn right following the one way system and the propety is on the left-hand side just past the turning for Redcross Street.

Position - The property is placed close to other small retail units, garage etc and very close to the King‘s School just off the main A607 and on an alternative one way access to town.

Agent‘s Note - Please note these particulars must not be relied upon as an entirely accurate description of the property.

Although these particulars are thought to be materially correct, their accuracy cannot be guaranteed and they do not form part of any contract. All services and appliances have not and will not be tested.

Advisory - ** MONEY LAUNDERING REGULATIONS – In order to expedite the process of agreeing a sale, prospective purchasers will be required to produce ID and proof of funds documentation at their earliest convenience **

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