Summary - 14 Westgate,GRANTHAM,NG31 6LT NG31 6LT
1 bed 1 bath Commercial Property
**Standout Features:**
- Grade II listed building in a prime town center location
- Approximately 555.96 sq. ft. of commercial space
- High visibility with a 7.46m frontage
- Current tenant offers a solid investment opportunity with a gross yield nearing 7%
- Excellent road and rail connections to major centers within 40 miles
**Potential Concerns:**
- Listed status may complicate renovation or expansion opportunities
- Located in an area categorized as high crime and deprived, which may impact business operations
This attractive Grade II listed commercial unit at 14 Westgate, Grantham, NG31 6LT, presents a rare investment opportunity in an increasingly popular market town. Rich in character, the building showcases a historical brick facade that will appeal to those seeking an authentic urban presence. With a substantial footprint of approximately 555.96 sq. ft., it is currently occupied by a music business, offering immediate rental income and the potential for a healthy gross yield of almost 7%.
Strategically positioned close to the George Shopping Centre and bustling market place, this unit benefits from high foot traffic and excellent visibility. The area boasts robust transport links, making it highly accessible for customers and clients. While the high crime ratings and deprived local area may be a consideration, the unit's location in a revitalizing commercial district suggests promising future potential. Buyers should note that renovation work may face restrictions due to its listed status, but this property is a compelling proposition for investors looking for a stable income source in Grantham's thriving retail landscape. Don’t miss out on this unique opportunity—properties like this are in high demand!
Commercial property for sale in Westgate, Grantham, Lincolnshire, NG31 — £120,000 • 1 bed • 1 bath • 1851 ft²
Commercial property for sale in Westgate, Grantham, Lincolnshire, NG31 — £400,000 • 1 bed • 1 bath • 555 ft²
Commercial property for sale in Guildhall Street, Grantham, Lincolnshire, NG31 — £50,000 • 1 bed • 1 bath • 353 ft²
Commercial property for sale in Guildhall Street, Grantham, Lincolnshire, NG31 — £50,000 • 1 bed • 1 bath • 329 ft²
Commercial property for sale in Guildhall Street, Grantham, Lincolnshire, NG31 — £60,000 • 1 bed • 1 bath • 412 ft²
Commercial property for sale in Guildhall Street, Grantham, Lincolnshire, NG31 — £150,000 • 1 bed • 1 bath • 798 ft²
