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Wharf Road, Grantham 2 bed apartment for sale
Wharf Road, Grantham
£375,000
Wharf Road, Grantham
£375,000
Our Summary
- Freehold Investment Opportunity
Description
This substantial, detached property is a rare investment opportunity, situated on a corner plot at the junction of Wharf and London Road in Grantham. The property has a busy location, close to the town center, bus and train stations, and several car parks. The ground floor and basement are currently let to an established restaurant business, with a 12-year lease, generating £17,000 per annum. The four flats above are let on assured shorthold tenancies, producing £22,620 per annum, making a total gross annual income of £39,620. The flats are arranged over three floors, with two one-bedroom and two two-bedroom units, each with its own unique features. The property benefits from a central location, with excellent access to the A1 and East Coast mainline railway station, making it an attractive investment opportunity for those looking to capitalize on Grantham's rapid expansion.