Summary - Flat 1, 1, Wharf Road NG31 6BA
1 bed 1 bath Apartment
**Standout Features:**
- Freehold mixed-use property in the historic heart of Grantham
- Ground floor and basement currently let as a licensed restaurant, producing an annual income of £17,000
- Four residential flats above, yielding a total of £22,620 annually
- Close proximity to major transport links, including bus and train stations
- Large, period Victorian construction with high ceilings and ornate detailing
- Potential for further investment or renovation opportunities
This impressive freehold investment opportunity features a well-located mixed-use commercial and residential property in the vibrant heart of Grantham. The ground floor and basement are leased to a popular restaurant, generating a solid annual income, while four residential flats above are fully tenanted, further enhancing the potential return on investment.
With a large footprint and elegant Victorian architecture, this property is more than just a financial asset; it represents a unique chance for investors to tap into Grantham’s flourishing rental market and rapidly growing local economy, driven by ongoing residential developments. The location on a busy crossroads, just a three-minute walk to the bus station and under ten minutes to the train station, ensures easy access to numerous amenities and services.
Although currently generating a strong income, potential downsides include a need for modernization in some areas, particularly with regards to the flat's energy efficiency—EPC ratings vary, and some are yet to be determined. Viewing is highly recommended to fully appreciate the investment potential and depth of this expansive property. Don’t miss out on this rare opportunity to invest in a prime piece of Grantham real estate!
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