- Accommodation over two floors totalling approximately 1,238 sq. ft (115.0 sq. m)
- Return frontage to busy Watergate Pay & Display Car Park
- Potential to convert first floor to residential subject to the relevant planning permission being obtained.
- Suitable for owner occupation or investment.
FREEHOLD TOWN CENTRE RETAIL PREMISES
18 WATERGATE, GRANTHAM NG31 6PR
GUIDE PRICE: £185,000 FREEHOLD
About this property
The property briefly comprises an end-terraced, two storey building of brick and stone construction under a flat roof covering. The property benefits from an extensive glazed frontage onto Watergate with central personnel door together with glazed return frontage facing onto the Watergate Public Pay & Display Car Park. The upper floor has
been divided to create a meeting room, store, kitchen and WC's. The property benefits from a modern, aluminium-framed floor to ceiling shop windows with UPVC framed double glazed windows at first floor level with the ground floor Retail accommodation having a suspended ceiling with inset lighting panels and a central electric air
conditioning/heating unit together with an electric over-door heater. To the rear there is also a small rear Yard for the storage of bins.
Grantham is an established Market Town in South Lincolnshire being approximately 23 miles East of Nottingham and 25 miles South of Lincoln and having a residential population of approximately 38,000 people with a large 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 80 minutes.
18 Watergate occupies a prominent Town centre position with Watergate being one of the main thoroughfares leading to the Town's High Street which is home to a number of Retail outlets together with Estate Agents and Hot Food Takeaways. The property is situated directly adjacent to, and has a return frontage facing the busy Watergate Public Pay & Display Car Park.
Description m2 Sq.ft
Ground Floor - Zone A 42.1 453
Ground Floor - Zone B 21.0 226
First Floor - Meeting Room 20.1 216
First Floor - Store 5.5 59
First Floor - Kitchen 26.2 282
First Floor - WC's - -
Total NIA 115.0 1,238
The premises has the following assessment under the 2023 Rating List:-
Description: Shop & Premises
Rateable Value: £10,250
Subject to the purchaser meeting certain criteria, it may be possible to claim up to 100% relief from payment of Business Rates by utilising the Government's Small Business Rates Relief Initiative.
We suggest that interested parties contact South Kesteven District Council on 01476 406080 for further information.
We understand that the property is connected to mains, electricity, water and drainage. We have not carried out any tests on any of the services or appliances present at the properties and potential purchasers should arrange for their own tests to ensure that any services are adequate and in good working order prior to committing to purchase.
For further information or to arrange a viewing please contact:
We understand that the property is not elected for VAT.
Each party will be responsible for their own legal costs incurred in
respect of any sale negotiated
TOWN AND COUNTRY PLANNING
The Retail Unit has previously been used as a Office and as such has an established use now falling under Use Class E.
For further information in respect of planning-related matters, prospective purchasers should contact South Kesteven District Council on 01476 406080.
The property has an EPC rating of E105. Valid until 10/01/2026.
We are offering the freehold interest at an asking price of £185,000.
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