Terraced house · NG31 6EE
To rentListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Excellent opportunity to take on a lease on this ground floor lock up shop within the Grantham town centre adjoining the Morrison's retail centre.
Location Grantham is located 23 miles east of Nottingham and 25 miles south of Lincoln.
The town has a population of approximately 44,898 (Census, 2021)Morrisons is one of the main supermarkets in Grantham and provides a range of in-store services for the surrounding suburbs.
The subject premises are located in a prominent position as you enter Isaac Newton Shopping Centre from the bus station.
LEASE TERMS The unit is available by way of new effective full repairing and insuring lease at a commencing rent of £8000 per annum exclusive of VAT.
The above rent is inclusive of service charge and buildings insurance, but exclusive of business rates, utilities, and any other outgoings.
ACCOMMODATION The property is arranged over ground floor and provides the following net internal areas:Ground floor sales - 757 sq ft (70 sq m) RATEABLE VALUE Rateable Value = £6000 VAT All figures are net of VAT, but VAT will be payable in respect of this property.
LEGAL COSTS Each party is to be responsible for their own legal costs incurred in connection with any letting transaction. CEPC An EPC will be made available on request.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Isaac Newton Centre, Grantham, NG31
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