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The Ermine Way, 71 Ermine Street, Ancaster, NG32 3QJ

935 sq ft, £125,000

For sale

FOR SALE £125,000
TO LET £9,250 per annum exclusive

Village Centre Ground Floor Hostelry

• Currently undergoing refurbishment.

• Ground Floor Bar & Restaurant Area with Basement and Male & Female WC Provision.

• Refurbishment will include new Kommerling UPVC sash lookalike windows, re-plastering and repainting, fittings of electric radiators and rewiring. The property will be left as a blank canvas ready for fit out.

• May be suitable for alternative uses such as hairdressers, shop or office subject the necessary planning consents being obtained.

• Car parking provision to the rear.

• EPC Rating - D88.

87 sq m (935 sq ft)

LOCATION
The premises are situated on …

FOR SALE £125,000
TO LET £9,250 per annum exclusive

Village Centre Ground Floor Hostelry

• Currently undergoing refurbishment.

• Ground Floor Bar & Restaurant Area with Basement and Male & Female WC Provision.

• Refurbishment will include new Kommerling UPVC sash lookalike windows, re-plastering and repainting, fittings of electric radiators and rewiring. The property will be left as a blank canvas ready for fit out.

• May be suitable for alternative uses such as hairdressers, shop or office subject the necessary planning consents being obtained.

• Car parking provision to the rear.

• EPC Rating - D88.

87 sq m (935 sq ft)

LOCATION
The premises are situated on Ermine Way within the village of Ancaster. Ancaster lies approximately 8 miles north east of Grantham and approximately 7 miles west of Sleaford. Ancaster has a population of approximately 1,300 (2001 Census) and has a primary school, local shop, butchers and Post Office. Woodland Waters Holiday Park is situated just outside the village.

DESCRIPTION
The property comprises part of a three storey brick built building with a pitched pantile roof. The premises comprise the ground floor section of this part of the property. Upon completion of the works the property will have an exposed concrete floor, and painted plaster walls. The area will have heating via electric radiators and will have been rewired. There is male and female WC provision. Although the drawings for the premises do provide for a kitchen area this will not be installed and the property will be left or a tenant to fit out.

To the rear of the property there is a block paved/tarmacadam car park. The occupier of the hostelry will have the right to use approximately 8 car parking spaces. There is additional on-street car parking to the front of the property.

The property is accessible via an entrance on Ermine Street.

ACCOMMODATION
We have measured the property on a net internal area basis by using scaled drawings and the property provides approximately 935 sq ft (87 sq m) of accommodation.

SERVICES
From our inspection we understand that mains electricity, water and drainage are connected to the property.

Prospective tenants are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to making an offer in respect of the property. None of the services or heating apparatus contained within the property have been tested by Brown & Co and as such no warranty is given or implied as to their condition.

TERMS
Long Leasehold
The property is available to purchase by way of a 999 year lease at a price of £125,000.

Rent
The property is available by way of a new effectively full repairing and insuring lease at a rent of £9,250 per annum exclusive.

OUTGOINGS
The property has not yet been assessed for Business Rates. We suggest that any enquiries in connection with the Rateable Value of the property are directed to South Kesteven District Council on 01476 406080. We understand from our client that the property will qualify for 100% Small Business Rates Relief for eligible occupiers.

VAT
The property is not elected for VAT at the prevailing rate.

LEGAL COSTS
Each party will be responsible for their own legal fees incurred in this transaction.

PLANNING
The premises have a planning consent for use as a ground floor hostelry by way of a planning consent granted on 5th June 2017. As part of the consent any occupier of the property will be obliged to create a retractable awning smoking shelter to the side elevation of the premises.

The property may be suitable for a number of alternative uses including retail or office accommodation subject to the necessary planning consents being obtained.

OTHER
EPC Rating
Prior to the works being commenced to split the property the entire premises have an EPC Rating of D88. On completion of the conversion works a further EPC will be commissioned.

VIEWING
Strictly by appointment with the sole letting agent:-

Brown & Co
Granta Hall
6 Finkin Street
Grantham
NG31 6QZ
Tel: 01476 514433
Sarah Pettefar
sarah.pettefar@brown-co.com



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