The George Shopping Centre, Guildhall Street, Grantham, Lincolnshire, NG31 6LH
A freehold part let town centre shopping centre investment with additional residential development potential (STP). Current gross income: £202,050 pa, with potential to increase to £488,385 pa once fully let
Features
- For Sale by Auction ( if not sold prior)
- Freehold part let Town Centre shopping centre investment
- Current gross income £202,050 pa with potential to increase to £488,385 pa once fully let
- Potential for residential development to upper floors
- Onsite car parking
- Freehold guide price - £1,550,000 plus
Description
The property comprises a part Grade II listed building dating back to the 1600s, which was converted into a shopping centre in 1990.
The ground floor provides multiple retail units, with further retail and office accommodation to the first floor and additional office suites to the second floor.
The shopping centre further benefits from on-site parking for approximately 41 cars. Planning permission has been granted for the removal of the existing internal courtyard glazed roof and related steel structure, thus making way for a potential residential development in addition to the shopping centre, subject to consent.