01476 514433
[email protected] 20/20a Brook Street & 22 Swinegate, Swinegate, Grantham, NG31 6RJ PRICE: PRICE: £300 £300,000 300,000 FREEHOLD FOR SALE
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Town centre mixed commercial/residential redevelopment opportunity.
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Currently comprises former ground floor A5 Takeaway Takeaway unit with ancillary accommodation together with additional selfself-contained Retail Unit Unit at ground floor level with extensive selfself-contained upper floor accommodation. accommodation.
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Total net internal area approximately 2,852 sq ft (265 sq m).
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Upper floors have potential for conversion for several selfself-contained Residential Apartments, subject to the relevant planning permissions being obtained.
LOCATION
ENERGY PERFORMANCE RATINGS
Grantham is an established and expanding market town in South Lincolnshire being approximately 23 miles east of the city of Nottingham and 25 miles south of the city of Lincoln. The town has a residential population of approximately 38,000 people with a large and expanding catchment area. The A1 runs immediately to the west of the town providing excellent road communications and the town also benefits from a main line rail connection to London Kings Cross with a journey time of approximately 75 minutes. Grantham has recently been awarded Growth Point Status and is set to grow dramatically both residentially and commercially in coming years.
Copies of the Energy Performance Graphs for the constituent parts of the subject property can be obtained from our Grantham office upon request, however, Energy Efficiency Ratings for the various parts of the property are as follows:
Swinegate and Brook Street are situated in a mixed commercial and residential location on the edge of the town centre and the subject property is situated adjacent to The Kings School.
The ground floor Shops at No’s. 20 & 20a Brook Street are assessed under the 2010 Rating List as Shops & Premises with Rateable Values of £3,800 & £4,650 respectively. Further information in respect of this matter and Business Rates payable can be obtained from South Kesteven District Council. Tel: 01476 406080.
DESCRIPTION 20/20a Brook Street and 22 Swinegate comprise an extensive three storey corner property providing a former A5 Takeaway with ancillary accommodation together with an additional self-contained Retail Unit at ground floor level with extensive first and second floor self-contained former residential accommodation accessed off Swinegate, which, in our opinion, is suitable for conversion to several self-contained Residential Apartments, subject to the relevant planning permissions being obtained. We are informed that the property is not a Listed Building, however, is situated within the established town centre Conservation Area. This will need to be borne in mind by potential Developers when submitting any redevelopment plans.
ACCOMODATION (all figures approx.) In terms of net internal area, the property comprises the following: Floor Ground (Former A5 Takeaway 20 Brook Street)
Use
Sq Ft
Sq M
Shop
204
19
Ground
Kitchen
100
9
Ground
Preparation Room
133
12
Ground
Store
369
34
Ground (Retail Unit 20A Brook Street)
Shop
305
28
Ground
Store
193
18
Ground (22 Swinegate)
Reception Lobby
First
Former Lounge
316
29
First
Former Dining Room
220
20
First
Kitchen
81
7
First
WC
First
Former Bedroom
76
7
First
Former Bedroom
105
10
Second
Former Bedroom
152
14
Second
Former Bedroom
203
19
Second
Former Bedroom
117
11
Second
Former Bedroom
174
16
Second
Former Bedroom
104
10
Second
Bathroom/WC 2,852
263
TOTAL
Former Takeaway Unit, 20 Brook Street – EPC Rating C75 Ground Floor Retail Unit, 20a Brook Street – EPC Rating E111 Residential Accommodation above 22 Swinegate – EPC Rating E51
BUSINESS RATES/COUNCIL TAX
The upper floor residential accommodation at 22 Swinegate is assessed for Council Tax purposes as a Band D property and again enquiries in respect of Council Tax payable in respect of this element of the property can be obtained from South Kesteven District Council whose telephone number is supplied above.
PRICE We are quoting an asking price of £300,000 for the freehold interest in these premises in their entirety with vacant possession to be granted upon completion. Our clients may give consideration to both conditional and unconditional offers made in respect of these premises, however, any conditional offers would need to include a detailed indication of what redevelopment plans a proposed purchaser would have for the property together with a timescale for the submission and determination of any planning application to be submitted at the proposed purchaser’s expense.
SERVICES We understand that various elements of the property are connected to mains gas, electricity, water and drainage. We would advise prospective purchasers to clarify these issues with the relevant Statutory Authorities prior to entering into a commitment to acquire this property.
VAT The asking price quoted herein is exclusive of, but may be liable to, VAT at the prevailing rate and prospective purchasers are advised to clarify this point prior to making an offer to acquire this property.
VIEWING/FURTHER INFORMATION For further information, or an appointment to view this property, please contact: Brown & Co Tel: Fax: Email: Email: Contact:
01476 514433 01476 594242
[email protected]@brown-co.com James Cameron
LOCATION PLAN
PLANNING We would recommend that prospective purchasers/developers clarify the current allowable uses and the potential for redevelopment of the upper floors within this property with the Planning Department at South Kesteven District Council. Tel: 01476 406080. We are informed that the property is not a Listed Building, however, is situated within the established town centre Conservation Area which will need to be borne in mind if partial or full redevelopment of the property is to be considered by a potential purchaser.
TENURE The property is to be sold on a freehold basis with vacant possession to be granted upon completion.
LEGAL COSTS Each party is to bear their own legal and professional costs incurred in any transaction negotiated. IMPORTANT NOTICES Brown & Co for themselves and for the Vendors or Lessors of this Property give notice that: 1. These particulars are intended to give a fair and accurate general outline only for the guidance of intending Purchasers or Lessees and they do not constitute an offer or contract or any part of an offer or contract. 2. All descriptions, dimensions, references to condition and other items in these Particulars are given as a guide only and no responsibility is assumed by Brown & Co for the accuracy of individual items. Intending Purchasers or Lessees should not rely on them as statements or representations of fact and should satisfy themselves as to the correctness of each item by inspection or by making independent enquiries. In particular, dimensions of land, rooms or buildings should be checked. Metric/imperial conversions are approximate only. 3. Intending Purchasers or Lessees should make their own independent enquiries regarding use or past use of the property, necessary permissions for use and occupation, potential uses and any others matters affecting the property prior to purchase. 4. Brown & Co, and any person in its employ, does not have the authority, whether in these Particulars, during negotiations or otherwise, to make or give any representation or warranty in relation to this property. No responsibility is taken by Brown & Co for any error, omission of mis-statement in these particulars. 5. No responsibility can be accepted for any costs or expenses incurred by intending Purchasers or Lessees in inspecting the property, making further enquiries or submitting offers for the Property. 6. All prices are quoted subject to contract and exclusive of VAT, except where otherwise stated. 7. In the case of agricultural property, intending purchasers should make their own independent enquiries with the RPA as to Single Payment Scheme eligibility of any land being sold or leased. 8. Brown & Co is the trading name of Brown & Co – Property and Business Consultants LLP. Registered Office: Granta Hall, Finkin Street, Grantham, Lincolnshire NG31 6QZ. Registered in England and Wales. Registration Number OC302092. These particulars were prepared in January 2016.
Granta Hall, 6 Finkin Street, Grantham, NG31 6QZ
01476 514433
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