23 April 2025: Wednesday 23 April 2025 - 9:00am
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    Key features

    • Freehold
    • Development opportunity
    • Town centre mixed retail and residential block
    • Currently producing £26,500 per annum
    • One vacant shop and one vacant four bedroom flat
    • Potential to increase rent
    • Asset management potential

    Description

    A parade of three retail units and one residential flat with development potential for the upper parts to create 9 residential flats subject to the requisite consents.

    The ground floor is let at £26,500 per annum with one vacant unit and vacant four bedroom first floor flat.

    Additional information

    Accommodation

    65 High Street - Vacant

    66 High Street - 743 Sq Ft (68.27 Sq M)

    67 High Street - Arranged over Ground, First & Second floors - 2.342 Sq Ft (217.62 Sq M)

    66A High Street - Vacant Four Bedroom Flat

    Tenancy

    65 High Street: Vacant

    66 High Street: Currently leased at a rate of £11,500 per annum.

    67 High Street: Currently leased at a rate of £15,000 per annum.

    The Residential Flat at 66a High Street (a 4-bedroom flat) was tenanted until end of oct and is currently vacant


    Further information can be found in the legal pack.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The market town of Grantham is situated approximately 25 miles east of Nottingham, 35 miles north of Peterborough and 41 miles north-east of Leicester.

      The town benefits from excellent road links being situated on the A52, which provides direct access to Nottingham and the M1 Motorway. Grantham Rail Station provides regular East Coast Mainline services to London Kings Cross (1hr 11 mins) and services to Nottingham and Lincoln.


      Transport

      Grantham - East Midlands Railway

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums