Total views: 116
Map2 bedroom apartment for sale
Wharf Road, Grantham
Recently added
Apartment
2 beds
796
EPC rating: E
Key information
Features and description
- Freehold Investment Opportunity
- Mixed Use Commercial & Residential
- Ground Floor & Basement Let as Licensed Restaurant
- Four Residential Flats Over Upper Three Floors
- Close to The Very Heart of Grantham Town Centre
- Ease of Access To a Wide Range of Amenities
- 3 Minute Walk to Grantham Bus Station
- Under 10 Minute Walk to the Train Station
- Viewing Highly Recommended
- Tenure - Freehold // Council Tax Bands (Flats - A - Paid By Tenants)
AGENTS NOTE Martin & Co are delighted to offer to the market this substantial, detached, "freehold" investment property. The property is of period construction advantageously on a corner plot located at the junction of Wharf & London Road. London road is the A52 which is the main arterial route through Grantham. The property stands in a corner position on a busy cross roads close to the very heart of town. The property is also conveniently located for access to both the bus and train stations. The former being a mere 3 minute walk from the property and the latter and under 10 minute walk away. Two of the towns major car parks are less than 350yds from the property and a number of others including those adjacent to Grantham station are only slightly further away.
Grantham is currently a rapidly expanding town with a number of large scale residential developments under construction. Its popularity being due to its central geographic location with excellent access to the A1 with numerous North & South junctions within 1.6 to 3.5 miles of the property. The railway station is on the East Coast mainline which affords a regular service to London Kings Cross in approximately one hour.
The restaurant is let on a twelve year lease at a current of £17,000 per annum. The four flats being let on assured shorthold tenancies and currently producing £1,885 per month / £22,620.00 per annum. Thus the property is attracting a gross annual income of £39,620.00 as let at the 24th June 2025.
EPC ratings Flat 1 - (E)/42, Flat 2 - (E)/50, Flat 3 (TBC), Flat 4 (TBC) - Council Tax is payable by the individual occupants.
GROUND FLOOR & BASEMENT (RESTUARANT) The ground floor and basement to the property is currently let to an established restaurant business. The lease being for a contractual term of 12 years having commenced on the 1st September 2021. The unit comprising, to the ground floor: an extensive predominantly open plan dining area as well as bar, office, rest rooms, kitchen, food storage and food preparation areas. Cellar/basement.
FLATS To the Wharf Road side of the property there is a separate entrance to a communal ground floor hall with access to the four flats which are arranged as follows.
FIRST FLOOR (FLATS 1 & 2)
FLAT 1 This is the TWO bedroom unit with separate kitchen, living area and bathroom. EPC Band (E)
FLAT 2 One bedroom unit with private hallway, notably large reception room, kitchen and en-suite bathroom. EPC Band (E)
SECOND & THIRD FLOORS (FLATS 3 & 4)
FLAT 3 With private hallway, living room, kitchen, bathroom and double bedroom EPC under preparation
FLAT 4 Private hallway, bedroom, living room, and kitchen. EPC under preparation
Grantham is currently a rapidly expanding town with a number of large scale residential developments under construction. Its popularity being due to its central geographic location with excellent access to the A1 with numerous North & South junctions within 1.6 to 3.5 miles of the property. The railway station is on the East Coast mainline which affords a regular service to London Kings Cross in approximately one hour.
The restaurant is let on a twelve year lease at a current of £17,000 per annum. The four flats being let on assured shorthold tenancies and currently producing £1,885 per month / £22,620.00 per annum. Thus the property is attracting a gross annual income of £39,620.00 as let at the 24th June 2025.
EPC ratings Flat 1 - (E)/42, Flat 2 - (E)/50, Flat 3 (TBC), Flat 4 (TBC) - Council Tax is payable by the individual occupants.
GROUND FLOOR & BASEMENT (RESTUARANT) The ground floor and basement to the property is currently let to an established restaurant business. The lease being for a contractual term of 12 years having commenced on the 1st September 2021. The unit comprising, to the ground floor: an extensive predominantly open plan dining area as well as bar, office, rest rooms, kitchen, food storage and food preparation areas. Cellar/basement.
FLATS To the Wharf Road side of the property there is a separate entrance to a communal ground floor hall with access to the four flats which are arranged as follows.
FIRST FLOOR (FLATS 1 & 2)
FLAT 1 This is the TWO bedroom unit with separate kitchen, living area and bathroom. EPC Band (E)
FLAT 2 One bedroom unit with private hallway, notably large reception room, kitchen and en-suite bathroom. EPC Band (E)
SECOND & THIRD FLOORS (FLATS 3 & 4)
FLAT 3 With private hallway, living room, kitchen, bathroom and double bedroom EPC under preparation
FLAT 4 Private hallway, bedroom, living room, and kitchen. EPC under preparation
About this agent
We are proud to serve the communities of Grantham and the surrounding areas - providing specialist advice, guidance, and support across the lettings market since 2007. Directors at the branch are husband and wife team Philip and Emma Connor, who bring more than 26 years of experience across the industry. Philip is a landlord himself and is passionate about providing a great customer experience at all times. Grantham is located on the River Witham, in the county of Lincolnshire. It's famous for producing a diverse range of manufactured products including textiles, food, timber and plastic, and has a diverse range of properties available for both sales and rent. The team at Martin & Co Grantham has a renowned reputation for providing a reliable and professional service across both residential lettings. Whether you have a property to let or you are looking for a house to rent in or around Grantham or you would like a valuation, please do get in touch with a member of the team.