11 11A 11B High Street, Grantham Lincolnshire NG31 6PN £320,000 COMMERCIAL/RESIDENTIAL INVESTMENT RETAIL PREMISES & APARTMENTS FOR SALE Offered for sale are numbers 11 High Street, Grantham known as The Chinese Herbal Shop and number 11a High Street, Grantham known as Catlins Restaurant and Cafe with an apartment being number 11b. This combination of both commercial and residential units are situated on the popular High Street have a combined rental income of £29'200 per annum. The property is being sold freehold subject to the existing tenancies.
11 11A 11B High Street, Grantham, Lincolnshire, NG31 6PN VIEWING Strictly by appointment with the Selling Agents Escritt Barrell Golding. All prospective purchasers are invited to discuss any matters of particular interest to them with a staff member who has seen the property before making an appointment to view. DESCRIPTION COMMERCIAL/RESIDENTIAL INVESTMENT RETAIL PREMISES & APARTMENTS FOR SALE Offered for sale are numbers 11 High Street, Grantham known as The Chinese Herbal Shop and number 11a High Street, Grantham known as Catlins Restaurant and Cafe with apartments being numbers 11b and 11c. This combination of both commercial and residential units are situated on the popular High Street have a combined rental income of £34,000 per annum. The property is being sold freehold subject to the existing tenancies. SITUATION Grantham is an historic and growing market town situated on the old Great North Road (A1) and East Coast main line linking the town to London (Kings Cross) in just over an hour. Within the town there are both girls' and boys' grammar schools, also a number of primary, secondary and nursery schools. Grantham boasts a wealth of further amenities such as health, leisure and shopping including a variety of independent and national chain shops as well as a Saturday street market. ACCOMMODATION All dimensions are approximate and are taken from plaster to plaster or internal wall faces. Photographs are taken using a wideangle lens. 11 HIGH STREET Comprising High Street frontage being Grade II Listed dating back to the 17th Century. Located on the busy High Street with neighbouring retail and restaurant premises.
LEASE The property is occupied by Mrs Qi Carter under the terms of the lease dated 24 July 2007 at the passing rent of £8000 per annum. RETAIL UNIT Main entrance door leading to the retail unit with bay window to the front elevation, power points and lighting. KITCHENETTE Fitted with range of wall and base units, single drainer sink unit inset to work surface. CLOAKROOM With wash hand basin. CELLAR Having power and lighting. RATEABLE VALUE The current rateable value is £7,500. Details of the amount payable can be obtained from South Kesteven District Council - 01476 406080.
11 11A 11B High Street, Grantham, Lincolnshire, NG31 6PN 11a HIGH STREET
LEASE The property is occupied by Ms A McNamara under the terms of the lease dated September 2014 at the passing rent of £17,500 per annum. SHOP Bay fronted shop unit having access from Grantham High Street having counter, storage heater, sink unit, part tiled walls, power points, lighting and door leading through to: INNER LOBBY Having further door to The Chinese Herbal shop next door. Storage cupboard and double doors to the stairs area leading to the first floor. REAR TEA ROOMS Having leaded light window to the side elevation, beams to the ceiling, fireplace, original features, storage heater and power points. MAIN KITCHEN Having extractor unit, two windows to the side elevation, wash hand basin, appliance spaces, counters and cooking facilities. FIRST FLOOR Having stairs rising from lobby and further stairs to the second floor landing. Doors off to: TOILETS Having two female WC's and one male WC and storage cupboard. Door through to: MAIN DINING AREA Having wooden floors, original beams to the ceiling, wooden panelling to the walls, bar area, fireplace and two bay windows to the front elevation. Steps down to: SECOND DINING AREA Having wooden flooring, beams to the ceiling, two leaded-light bay fronted windows to the front elevation, wood panelling to the walls and fireplace. SECOND FLOOR LANDING Having leaded-light window to the side elevation, beams to the ceiling, storage areas with power and lighting. TOP DINING ROOM Having original beams to the ceiling, fireplace, storage cupboards, storage heater and leaded-light bay fronted window to the front elevation with door and step down to: RATEABLE VALUE The current rateable value is £11,500. Details of the rates payable can be obtained from South Kesteven District Council - 01476 406080. FURTHER DINING ROOM Having leaded-light bay window to the front elevation, beams to the ceiling, storage cupboard and fireplace.
11 11A 11B High Street, Grantham, Lincolnshire, NG31 6PN 11b HIGH STREET
GROUND FLOOR
LOUNGE 18' x 12'2" ( 5.49m x 3.71m) Having two uPVC windows to the front elevation, beams to the ceiling, electric wall heater, television points, power points and stairs to the first floor. KITCHEN 12'3" x 5'9" (3.73m x 1.75m) Having uPVC window to the side elevation, fitted with wall and base units, tiled splashbacks, single drainer sink unit, plumbing for washing machine, electric oven and hob with extractor hood over. FIRST FLOOR LANDING Having Velux window to the rear, electric wall heater, storage cupboard, access to loft space and power point. BATHROOM Having uPVC window to the side elevation, fitted with low level WC, pedestal wash hand basin and bath, part tiled walls, airing cupboard and wall mounted electric heater. MAIN BEDROOM 13'8" x 10'5" (4.17m x 3.18m) Having Velux window to the front and rear elevations, fitted wardrobe, wall mounted electric heater and power points. TENURE The property is understood to be freehold. DISCLAIMER Whilst we have taken great care in the preparation of these particulars, prospective purchasers are advised that the Executors have never seen the property and therefore unable to verify their accuracy.
11 11A 11B High Street, Grantham, Lincolnshire, NG31 6PN SERVICES Please note that the services and any associated fittings and appliances referred to in these particulars have not been tested. COUNCIL TAX We understand from the Valuation Office Website that both of the apartments are assessed in Band "A". South Kesteven District Council - 01476 406080. MONEY LAUNDERING REGULATION Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your cooperation in order that there will be no delay in agreeing the sale. ENERGY EFFICIENCY RATING The energy efficiency rating is a measure of the overall efficiency of a home. The higher the rating, the more energy efficient the home is and the lower the fuel bills will be. ENVIRONMENTAL IMPACT The environmental impact rating is a measure of a home's impact on the environment in terms of carbon dioxide (CO2) emissions. The higher the rating, the less impact it has on the environment. FLOOR PLANS These are intended for identification purposes only and are not to scale. Any areas measured or distances referred to are given as a guide only and are not necessarily precise. Purchasers should satisfy themselves as to the accuracy of the plans. Copyright Escritt Barrell Golding.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.