For RentOffice

The Maltings Wharf Road, Grantham, NG31 6BH

Grantham, Lincolnshire, NG31 6BH

The Maltings Wharf Road, Grantham, NG31 6BH
Rent
£1,500,000 pa
Size
14,500 sq ft
Tenure
freehold
Listed
15 days ago

Property Description

Available Size - 14,500 sq ft Price - £1,500,000 + VAT Business Rates - Each unit is individually rated - tenants responsibility Service Charge - £0.50 per sq ft paid by the tenants to include building insurance Car Parking - 48 space across 2 car parking areas VAT - Applicable Legal Fees - Each party to bear their own costs EPC Rating - C (54) Offered For Sale - The Maltings is a well presented and well located multi let office investment in the Centre of Grantham, The block is a good quality multi-let office conversion with ample parking within a prominent town centre location. This Grade II Listed former maltings building provides aesthetic features and the additional provision of parking for up to 48 cars. Location Grantham is a market town with a resident population in the order of 38,000 serving a large catchment area. The town is well served with excellent road and rail links. The surrounding larger centres of Nottingham and Lincoln are both within an hours drive. Accommodation The accommodation comprises the following areas: Ground Floor Suite 3,440 sq ft - 319.6 sq m First Floor Suite 3,735 sq ft - 347.1 sq m Second Floor (Left) 2,849 sq ft - 264.7 sq m Second Floor (Right) 1,932 sq ft - 179.5 sq m Annex (G & FF) 1,764 sq ft -163.9 sq m Annex (2F) 964 sq ft - 89.5 sq m Total (NIA) 14,684 sq ft 1,364 sq m Terms Offered For Sale Freehold with a guide price of £1.500,000 plus VAT. Income The Current income is £127,500 per annum and is fully let apart from one small office in the Annexe (£12,000 per annum) - fully let the net rental income is circa £140,000 per annum. Leases range from 12 months to 5 year terms - a detailed tenant breakdown is available on request.

Costs & rates

VAT
Exclusive

Total annual occupancy cost

Estimate only — confirm exact figures with the agent.

Rent
£1,500,000
VAT (20%, rent exclusive)
+ £300,000
Total per year
£1,800,000
£150,000 / month≈ £124.14 / sq ft / year
Agent hasn’t listed rates or service charge — ask them below.
P
P&F Commercial
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Location

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