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The Old Electric Club, 11 Commercial Road

3,658 sq ft, Offers over £150,000

Under offer

PRICE: OFFERS IN EXCESS OF £150,000 FREEHOLD

Former Social Club with Redevelopment Potential

• Extensive former Social Club premises comprising a former Chapel and terraced house which have been amalgamated internally.

• Net internal area approx. 3,658 sq ft (340 sq m) excluding a presently inaccessible first floor element of the property which will provide additional accommodation.

• Enclosed paved rear yard area.

• Situated in mixed commercial/residential area on the outskirts of the town centre.

• Premises offer, in our opinion, excellent redevelopment potential to Residential Apartments, subject to the relevant planning permission being obtained.


LOCATION
Grantham is a…

PRICE: OFFERS IN EXCESS OF £150,000 FREEHOLD

Former Social Club with Redevelopment Potential

• Extensive former Social Club premises comprising a former Chapel and terraced house which have been amalgamated internally.

• Net internal area approx. 3,658 sq ft (340 sq m) excluding a presently inaccessible first floor element of the property which will provide additional accommodation.

• Enclosed paved rear yard area.

• Situated in mixed commercial/residential area on the outskirts of the town centre.

• Premises offer, in our opinion, excellent redevelopment potential to Residential Apartments, subject to the relevant planning permission being obtained.


LOCATION
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 resident 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 mainline rail connection to London Kings Cross with a journey time of approximately 75 minutes. Grantham has been awarded Growth Point Status and is set to grow dramatically both residentially and commercially in coming years.

Commercial Road is a one-way street situated on the edge of the town centre accessed off Wharf Road. The area is mixed commercial and residential and within easy walking distance of Grantham's Railway and Bus Stations.

DESCRIPTION
The former Grantham Electric Social Club comprises a former Chapel of rendered brick construction under a pitched and slated roof covering attached to a former terraced house of brick construction under a pitched and concrete tiled roof covering which have been amalgamated at ground floor level internally. No access can be obtained to the first floor of the former terraced house which could provide additional accommodation in any redevelopment scheme for which planning permission can be obtained by a potential purchaser. The properties have a small surfaced rear yard area with access onto Commercial Road via a side passageway.

ACCOMMODATION
(all figures approximate)

In terms of net internal area, the property has the following approximate areas:

FloorDescription sq m sq ft
GroundClub Room/Bar 107.3 1,155
GroundCellar 27.6 297
GroundKitchen/Wash Up Area 13.1 141
GroundSnooker Room 32.9 354
GroundWCs
FirstFunction Room 155.3 1,672
FirstBar Store 3.6 39
Total GIA 339.8 3,658

SERVICES
We understand that mains electricity, water and drainage are connected to the property and that mains gas is available from Commercial Road.

Prospective purchasers are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to making an offer to purchase the freehold interest in this property. None of the services are apparatus contained within the premises have been tested by Brown & Co and no warranty is either implied or given as to their condition.

TERMS
We are seeking offers in excess of £150,000 for the freehold interest in this property with vacant possession to be granted upon completion. Our clients are receptive to offers of both an Unconditional and Conditional nature and prospective purchasers should state any conditions attached to their offer on submission.

OUTGOINGS
The property is described in the 2010 Rating List as a Club and Premises with a Rateable Value of £6,200. For further information in respect of Rates payable, please contact the Billing Authority, South Kesteven District Council. Tel: 01476 406080.

VAT
The quoting asking price expressed herein is exclusive of, but may be liable to, VAT at the prevailing rate and prospective purchasers should clarify the VAT position prior to making an offer to purchase this property.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in any transaction negotiated.

PLANNING
The premises have been used for a number of years as a Social Club and as such have an established use covered by Use Class D2.

We believe that the property offers excellent redevelopment potential and could be converted to Residential Apartments subject to the relevant planning permissions being obtained. For enquiries in respect of planning-related matters, please direct these to the Local Planning Authority at South Kesteven District Council. Tel: 01476 406080.

OTHER
EPC Rating
The EPC Rating is C58.

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