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24 Westgate 497 sq ft 100% Let Retail Property Grantham NG31 6LX £320,000 (£643.86/sq ft) 11.58% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Grantham is a market and industrial town in the South Kesteven district of Lincolnshire
- Grantham rail station affords regular services to London Kings Cross with an average journey time of 1 hour and 15 minutes
- The A1 is within a 10 minute drive to the west
- The property is situated on the south east side of Westgate at its junction with Welby Street
EXECUTIVE SUMMARY
Lot 65 was available for sale at an Allsop online auction that was held on Tuesday 4th of November 2025.
The property comprises an investment freehold opportunity for sale.
The asking price is £320,000 - £350,000, representing a gross initial yield of 11.58%.
The property comprises an investment freehold opportunity for sale.
The asking price is £320,000 - £350,000, representing a gross initial yield of 11.58%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
497 sq ft
Costar Property Class
B
Year Built
1930
Price
£320,000
Price per sq ft
£643.86
Yield
11.58%
NOI
£37,056
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.03
Total Plot Size
0.40 ac
Parking
27 Spaces (6.88 Spaces per 1,000 sq ft Leased)
Frontage
137 ft on Westgate
AMENITIES
- Corner Lot
- Signage
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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24 Westgate
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