About this property

Detailed Description

8 Commercial Road is a terraced Ground and First Floor Office premises comprising 3 Offices, Kitchen & WC on the Ground Floor and an additional Office on the First Floor. The Office will be sold with Vacant Possession.

8A Commercial Road is First and Second Floor Flat with its own Ground Floor access to the rear. Internally the property comprises a Living Room and Kitchen on the First Floor with two Bedrooms and Bathroom on the Second Floor. The property is currently let on an Assured Shorthold Tenancy producing a rent of £5,400 per annum.

Dixon Place comprises a detached block of 12 Flats spread over three Floors with a shared Car Park to the rear. Internally each Floor comprises of 1 x Studio, 2 x 1 Bedroom Flat and 1 x 2 Bedroom Flats (4 flats in total per floor). All of the Flats are let on Assured Shorthold Tenancies producing a gross rent of approximately £59,496 per annum.

98 Norton Road is 2 Bedroom mid-terraced House with a garden to the rear. Internally the property comprises a Kitchen and Living Room on the Ground Floor and 2 Bedrooms and Bathroom on the First Floor. The property is currently let on an Assured Shorthold Tenancy producing a rent of £5,940 per annum.
104 Norton Road is 2-bedroom end-terraced House with a garden to the rear. Internally the property comprises a Kitchen and Living Room on the Ground Floor and 2 Bedrooms and Bathroom on the First Floor. The property is currently let on an Assured Shorthold Tenancy producing a rent of £6,240 per annum.

104 Norton Road is 2-bedroom end-terraced House with a garden to the rear. Internally the property comprises a Kitchen and Living Room on the Ground Floor and 2 Bedrooms and Bathroom on the First Floor. The property is currently let on an Assured Shorthold Tenancy producing a rent of £6,240 per annum.

Location

Grantham is an established Market Town in South Lincolnshire being approximately 23 miles East of the City of Nottingham, and 25 miles South of the City of Lincoln and having a resident population of approximately 38,000 people with a large catchment area. The A1 runs immediately to the West of the Town providing excellent road communication links with Grantham also having a main line rail connection to London Kings Cross with a fastest journey time of approximately 75 minutes.

All of the properties are is located just off Wharf Road, approximately 0.3 miles North East of Grantham Railway Station and in close proximity to Morrisons
Supermarket & The Isaac Newon Shopping Centre. The properties are located in a mixed Commercial and Residential area of the Town.

Accommodation

In terms of gross internal areas (taken from EPC's), the properties comprise as follows:

Property GIA (m2 from EPC's)
98 Norton Street, Grantham NG31 6BY 61
104 Norton Street, Grantham NG31 6BY 58
8 Commercial Road, Grantham NG31 6DB 86
8a Commercial Road, Grantham NG31 6DB 90
1 Dixon Place, Grantham NG31 6DP 58
2 Dixon Place, Grantham NG31 6DP 32
3 Dixon Place, Grantham NG31 6DP 32
4 Dixon Place, Grantham NG31 6DP 32
5 Dixon Place, Grantham NG31 6DP 56
6 Dixon Place, Grantham NG31 6DP 32
7 Dixon Place, Grantham NG31 6DP 33
8 Dixon Place, Grantham NG31 6DP 32
9 Dixon Place, Grantham NG31 6DP 48
10 Dixon Place, Grantham NG31 6DP 32
11 Dixon Place, Grantham NG31 6DP 32
12 Dixon Place, Grantham NG31 6DP 32

Business Rates

Business Rates & Council Tax
8 Commercial Road is assessed under the 2026 Rating List as Offices and Premises with a Rateable Value of £5,100 and all of the Residential properties are
assessed in Council Tax Band A.

Prospective purchasers should check the level of Business Rates or Council Tax payable in respect of the properties via South Kesteven District Council Tel: 01476 406080.

Services

We understand that all the properties are connected to mains electricity, water and drainage. 104 Norton Street, 98 Norton Street & 8A Commercial Road are
also understood to be connected to mains gas. None of the services or appliances that are believed to be connected or available to the property have
been tested by Brown&Co and prospective purchasers are advised to check upon the adequacy and provision of services and utilities with the relevant Statutory Authorities prior to making an offer to purchase these properties.

Viewing

Joint Agents
Brown&Co LLP William Gaunt
5 Oakwood Road 07919 694235
Lincoln 01522 504322
LN6 3LH william.gaunt@brown-co.com

James Cameron
07768 465753
01522 457172
james.cameron@brown-co.com

Laffey & Associates Kim Laffey
4 St George's Street 07971 001858
Stamford kim@laffeyassociates.co.uk
PE9 2BJ

VAT

We understand that the property is not elected for VAT and therefore VAT will not be payable upon any sale price negotiated however, prospective purchasers are advised to clarify the VAT position prior to making an offer to purchase the properties.

Legal Costs

Each party is to be responsible for their own legal costs incurred in respect of any sale negotiated.

Other

Town and Country Planning
8 Commercial Road has previously been used as an Office and as such has an established use now falling under Use Class E. We understand that 8A Commercial Road, Flats 1 to 12 Dixon Place, 98 Norton Road & 104 Norton Road have the appropriate planning permissions in place for continued Residential use.

For further information in respect of planning-related matters, prospective purchasers should contact South Kesteven District Council Tel: 01476 406080.

Terms

Guide Price
We are offering the Limited Company in which all the properties are held at an asking price of £1,020,000.

All the properties will be sold subject to the existing Assured Shorthold Tenancies apart from 8 Commercial Road (Office) that will be sold with Vacant Possession.