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100 Trent Rd
Grantham NG31 7XQ

Retail Property For Sale

Retail Space Lincolnshire Grantham 100 Trent Rd, Grantham, LIN NG31 7XQ

Investment Highlights

  • Long income ground rent investment
  • Prominent and easily accessible location on Trent Road in Grantham
  • Purpose-built day nursery

Executive Summary

The freehold of the property is let by way of a 99 year ground lease with effect from 25th November 2003. There is therefore approximately 78 years unexpired.
The current passing rent under the Lease is £23,000 per annum exclusive. This rent is subject to 10 yearly upward only rent reviews

PROPERTY FACTS Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Day Care Center
Building Size
7,764 SF
Building Class
B
Year Built
2005
Price
$531,702
Price Per SF
$68
Cap Rate
5.25%
NOI
$27,914
Tenancy
Single
Building Height
1 Story
Lot Size
52.76 AC
Parking
10 Spaces (1.29 Spaces per 1,000 SF Leased)
 

  • Listing ID: 31915440

  • Date on Market: 5/24/2024

  • Last Updated:

  • Address: 100 Trent Rd, Grantham NG31 7XQ

The Retail Property at 100 Trent Rd, Grantham, NG31 7XQ is currently available for sale. Contact Eddisons Incorporating Banks Long & Co for more information.

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