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24 Westgate 483 sq ft Retail Unit Offered at £85,500 in Grantham NG31 6LX
Investment Highlights
- Vacant possession (immediate availability)
- Suitable for restaurant, café, bar, or takeaway use (A3/A4/A5)
- Located within a town of ~45,000 population catchment
- Prime town centre location in Grantham
- Opportunity for owner-occupier or investor
- Arranged over 4 floors (basement to second floor)
Executive Summary
A well-located commercial property in the heart of Grantham town centre, arranged over basement, ground, first, and second floors. The property offers flexible space suitable for a range of food and beverage uses, complemented by a small rear courtyard. With vacant possession and freehold tenure, the asset presents a strong opportunity for investors or operators seeking to establish a presence in a busy market town with excellent transport links.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment or Owner Occupier | Sale Conditions | Auction Sale |
| Tenure | Freehold |
| Sale Type | Investment or Owner Occupier |
| Tenure | Freehold |
| Sale Conditions | Auction Sale |
Description
This is a freehold commercial property offered via online auction with a starting bid of £85,500.
Sale Notes
The asset is currently vacant, allowing immediate occupation or repositioning by an owner-occupier or investor. Situated in Grantham town centre, the property benefits from strong connectivity and a sizeable catchment population. The property is configured across four floors and includes a small rear courtyard; however, it lacks rear access. Planning use falls within A3/A4/A5 classes, making it suitable for food and beverage or takeaway operators.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 26 | 483 sq ft | Retail | £85,500 (£177.02/sq ft) | - |
Unit 26
| Unit Size |
| 483 sq ft |
| Unit Use |
| Retail |
| Price |
| £85,500 (£177.02/sq ft) |
| NOI |
| - |
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Unit 26
| Unit Size | 483 sq ft |
| Unit Use | Retail |
| Price | £85,500 (£177.02/sq ft) |
| NOI | - |
| Sale Type | Investment or Owner Occupier |
| Tenure | Freehold |
| Sale Conditions | Auction Sale |
| Description | |
| This is a freehold commercial property offered via online auction with a starting bid of £85,500.</li></ul> | |
| Sale Notes | |
| The asset is currently vacant, allowing immediate occupation or repositioning by an owner-occupier or investor. Situated in Grantham town centre, the property benefits from strong connectivity and a sizeable catchment population. The property is configured across four floors and includes a small rear courtyard; however, it lacks rear access. Planning use falls within A3/A4/A5 classes, making it suitable for food and beverage or takeaway operators.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 497 sq ft | Typical Floor Size | 497 sq ft |
| Property Type | Retail (Unit) | Year Built | 1930 |
| Property Subtype | Shopfront Retail / Residential | Total Plot Size | 0.40 ac |
| Costar Property Class | B | Parking Allocation | 6.88/1,000 sq ft |
| Floors | 1 |
| Total Property Size | 497 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 1 |
| Typical Floor Size | 497 sq ft |
| Year Built | 1930 |
| Total Plot Size | 0.40 ac |
| Parking Allocation | 6.88/1,000 sq ft |
Amenities
- Corner Lot
- Signage
- Storage Space
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Nearby Major Retailers
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Matterport 3D Exterior
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Street View
Street
Map
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24 Westgate
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