Summary - 26, WESTGATE NG31 6LX
1 bed 1 bath Commercial Property
Four floors with cellar and catering consent in Grantham high street location.
- Four floors plus basement, 1,388 sq ft total
- Current use: Class A3/A4/A5 (cafes, bars, takeaways)
- Vacant possession Freehold for sale at £109,000
- Victorian solid-brick building, double-glazed post-2002
- Requires internal modernization and refurbishment works
- No rear access; very small external courtyard
- Local area: high crime rates and area deprivation
- EPC C (68); mains gas heating and fast broadband
A substantial four-storey Victorian mixed-use building in central Grantham offering flexible commercial space and storage across basement, ground, first and second floors. The property sits in a high-footfall retail strip and currently benefits from Class A3/A4/A5 planning use, making it suitable for food, drink or similar operators. Vacant possession is offered on freehold sale.
The building requires modernization: internal finishes are worn, some renovation work is needed, and the solid brick walls likely lack cavity insulation. There is no rear access and the external plot is very small, which limits deliveries or expansion. Crime levels in the immediate area are very high and the wider area is classified as deprived — factors to consider for operating tenants and insurance costs.
This is a clear opportunity for an investor seeking a town-centre asset with conversion potential, or an owner-operator prepared to invest in refurbishment. Fast broadband and excellent mobile signal support modern business needs, while the low current rateable value may appeal to cost-conscious purchasers. Buyers should factor in upgrade costs, ongoing maintenance and potential planning if changing use.
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