Studio apartment for sale

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Studio apartment for sale

Wharf Road, Grantham
£375,000

Our Summary

  • Freehold Investment Opportunity

Description

This substantial, detached property is a freehold investment opportunity located at the junction of Wharf and London Road in Grantham. The property benefits from a corner plot and is situated close to the town center, bus and train stations, and several car parks. The ground floor and basement are currently let to an established restaurant business on a 12-year lease, while the four flats above are let on assured shorthold tenancies. The flats are arranged over three floors, with Flat 1 having two bedrooms, Flat 2 having one bedroom, and Flats 3 and 4 having one bedroom each. The property is attracting a gross annual income of £39,620, making it an attractive investment opportunity.