Studio apartment for sale

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Studio apartment for sale

Wharf Road, Grantham NG31
£360,000

Our Summary

  • Freehold Investment Opportunity

Description

This substantial, detached property is a freehold investment opportunity located on a busy corner plot in the heart of Grantham. The property benefits from a prominent location on the A52, London Road, and is within walking distance to the town center, bus station, and train station. The ground floor and basement are currently let to an established restaurant business on a 12-year lease, producing £17,000 per annum. The four flats above are let on assured shorthold tenancies, generating a total annual income of £22,620. The property offers a gross annual income of £39,620, with potential for further rental income growth. The flats are arranged over three floors, with EPC ratings ranging from E to TBC. The property is situated in a rapidly expanding town with excellent access to the A1 and East Coast mainline railway station, making it an attractive investment opportunity.