Commercial Property in Old Somerby available for sale
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Commercial Properties for Sale near Old Somerby, Grantham

Commercial Properties for Sale Within 5 miles of the Old Somerby, Grantham

More details for 24 Westgate, Grantham - Retail for Sale

24 Westgate

Grantham, NG31 6LX

  • Retail for Sale
  • £85,500
  • 483 sq ft
  • 1 Unit Available
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More details for Dysart Rd, Grantham - Office for Sale

Kempton House - Dysart Rd

Grantham, NG31 7LE

  • Office for Sale
  • £695,000
  • 9,168 sq ft
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More details for Land at SpringfieId Road, Grantham - Land for Sale

Land at SpringfieId Road

Grantham, NG31 7BQ

  • Land for Sale
  • £900,000
  • 3.90 ac Plot
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More details for Retail for Sale

40-41 St. Peters Hl

Grantham

  • Retail for Sale
  • £350,000
  • 2,618 sq ft
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More details for St. Peters Hill, Grantham - Retail for Sale

St. Peters Hill

Grantham, NG31 6QF

  • Retail for Sale
  • £350,000
  • 2,618 sq ft

Grantham Retail for Sale

Investment Consideration: Gross Initial Yield: 8.00% Rental Income: £28,000 p.a. VAT is NOT applicable to this property Comprises two-storey retail premises t/a Savers. Tenant in occupation for 20+ years. Situated at the junction of St Peters Hill and the High Street and forms part of the principal retail amenity of Grantham, which in turn is one of the principal towns in South Lincolnshire. Nearby occupiers include Boots, Superdrug, B&M and Clarks. Property Description: Comprises two-storey retail premises t/a Savers. The property benefits from rear exit and provides the following accommodation and dimensions: Ground Floor: Open plan retail, storage, ancillary, First Floor: Office, staff rooms, kitchen, storage, wc Total GIA: 243 sq m (2,618 sq ft) Tenancy: The property is at present let to Savers Health and Beauty Limited* for a term of 5 Years from 23rd June 2023 at a current rent of £28,000 p.a. and the lease contains full repairing and insuring covenants. Tenant break option in 2026 NOT exercised. Tenant benefits from 3 months rent free in exchange for not exercising the 2026 break clause. The rent-free is for the period 24.06.26 to 28.09.26. The vendor would top up rent (~£7,350) so the buyer receives the equivalent to £28,000 p.a. from sale completion Tenant in occupation for 20+ years. *For the year end December 2023, Savers Health and Beauty Ltd reported a turnover of £754,8M, pre-tax profit of £61,2M, shareholders funds of £142,1M and a net worth of £66,5M. (Source: Experian) Location: Grantham is a market and industrial town in the South Kesteven district of Lincolnshire. The A1 is within a 10-minute drive to the west. Grantham rail station affords regular services to London Kings Cross with an average journey time of 1h 15m. The property sits at the junction of St Peters Hill and the High Street and forms part of the principal retail amenity of Grantham, which in turn is one of the principal towns in South Lincolnshire. Nearby occupiers include Boots, Superdrug, B&M and Clarks.

Contact:

Blue Alpine Partners Ltd

Date on Market:

27/12/2025

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More details for 3A Westgate, Grantham - Retail for Sale

3A Westgate

Grantham, NG31 6LT

  • Retail for Sale
  • £350,000
  • 5,110 sq ft

Grantham Retail for Sale

Multiple Freehold Shops Investment (No.1/No.2/No.3A) VAT is applicable to this property Comprising three shops and upper parts Town centre location Occupiers close by include HSBC, Anytime Fitness, Age UK and British Red Cross, with Pizza Express and the Edinburgh Woollen Mill in the George Shopping Centre Property Description: These Grade II listed properties are arranged over basement, ground, first and second floors to provide three ground floor shops with ancillary accommodation to the upper floors and basement. Tenancy: Shop No.1 is at present let to The Hair Band Limited for a term of 7 years from 25th December 2017 at a current rent of £10,000 per annum and the lease contains full repairing and insuring covenants. The lease provides for a rent review every fourth year and tenant has option to determine on the 24th June 2021. Rent deposit held of £2,969.85. The shop No.2 is at present let to D Punchihewa for a term of 6 years from 1st December 2018 at a current rent of £7,800 per annum and the lease contains full repairing and insuring covenants. The landlord has given personal concession to tenant by way of reducing rent to £525 pcm, but has agreed to top-up the shortfall in rent upon completion. The tenant has the option to determine on 1st December 2020, but did not exercise break clause in 2019. Rent deposit held of £1,000. The shop No.3A is at present let to L M Doherty for a term of 4 years from 26th March 2020 at a current rent of £10,140 per annum and the lease contains full repairing and insuring covenants. Rent deposit held of £1,690. Location: The attractive market town of Grantham has a population of some 43,000 and is situated at the junction of the A1 with the A52, some 25 miles east of Nottingham and 26 miles south of Lincoln. Grantham Rail Station is served by the East Coast Mainline with fastest services to London King’s Cross taking 1 hour 5 minutes. This Grade II listed property is situated fronting the east side of Westgate, adjacent to the George Shopping Centre and a short distance from Market Place. Occupiers close by include HSBC, Anytime Fitness, Age UK and British Red Cross, with Pizza Express and the Edinburgh Woollen Mill in the George Shopping Centre.

Contact:

Blue Alpine Partners Ltd

Date on Market:

07/05/2020

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More details for Withambrook Park, Grantham - Industrial for Sale

Vale Garden Houses Ltd - Withambrook Park

Grantham, NG31 9ST

  • Industrial for Sale
  • £600,000
  • 16,391 sq ft
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FAQs About Commercial Property For Sale in Old Somerby

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How many commercial properties are currently available for sale in Old Somerby?
There are currently 0 commercial properties available for sale. Sizes range from to , with an average size of. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in Old Somerby?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Property values will vary depending on location, size, condition, tenant status and market demand.
What factors influence commercial property values?
Property values can be affected by location, building quality, asset size, lease terms, tenant covenant strength, redevelopment potential and local market conditions. For investment properties, income generation and yield are also important considerations.
What types of commercial property are available to buy?
The market may include offices, retail units, industrial properties, warehouses, land, mixed-use buildings and specialist assets. Availability will vary depending on location and current market conditions.
What should I consider before buying commercial property?
Key considerations include location, accessibility, property condition, planning permissions, lease arrangements, operating costs and future growth potential. Buyers should also understand any legal, environmental or structural issues that could affect value or usability.
What is rental yield and why does it matter?
Rental yield measures the income generated by a property relative to its purchase price. Investors often use yield to compare opportunities, although it should be considered alongside factors such as tenant quality, lease length and potential for capital growth.
Can I buy commercial property for my own business?
Yes. Many buyers purchase commercial property to occupy themselves rather than as an investment. Owning premises can provide greater control over operating costs, security of tenure and the potential to benefit from future capital appreciation.
Do I need a commercial mortgage?
Many buyers use commercial finance to fund acquisitions. Deposit requirements, lending terms and borrowing costs vary depending on the property, the buyer's circumstances and the intended use of the asset.
What due diligence should I carry out before buying?
Due diligence typically includes reviewing title documents, planning permissions, leases, service charge information, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What are the risks of buying commercial property?
Potential risks include market fluctuations, vacancy periods, tenant default, maintenance costs, planning restrictions and changes in local demand. Thorough due diligence and effective asset management can help reduce these risks.
Can overseas buyers purchase commercial property in the UK?
Yes. International buyers can purchase commercial property in the UK, although additional legal, tax and regulatory considerations may apply. Professional advice should be obtained before proceeding with a transaction.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax, legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

Discover More Commercial Properties for Sale in the Old Somerby, Grantham

Market Overview for Commercial Properties in Old Somerby

Key information for Commercial Properties investors in Old Somerby and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Richmond, London £283 6,433 sq ft
Grantham £78 6,065 sq ft
Fulbeck £77 15,642 sq ft
Bourne £102 2,203 sq ft
Colne £119 5,514 sq ft

Rental Price Trends in Old Somerby

The price per square foot range for Commercial Properties in Old Somerby and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Richmond, London £261 £283 £322
Grantham £27 £78 £132
Fulbeck £77 £77 £77
Bourne £102 £102 £102
Colne £37 £119 £224

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Old Somerby area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Richmond, London 1,640 sq ft 6,433 sq ft 12,879 sq ft
Grantham 483 sq ft 6,065 sq ft 16,391 sq ft
Fulbeck 15,642 sq ft 15,642 sq ft 15,642 sq ft
Bourne 2,203 sq ft 2,203 sq ft 2,203 sq ft
Colne 1,580 sq ft 5,514 sq ft 23,636 sq ft

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