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24 Westgate 497 SF 100% Leased Retail Building Grantham NG31 6LX $427,099 ($859.36/SF) 11.58% Cap Rate
INVESTMENT HIGHLIGHTS
- Grantham is a market and industrial town in the South Kesteven district of Lincolnshire
- Grantham rail station affords regular services to London Kings Cross with an average journey time of 1 hour and 15 minutes
- The A1 is within a 10 minute drive to the west
- The property is situated on the south east side of Westgate at its junction with Welby Street
EXECUTIVE SUMMARY
Lot 65 was available for sale at an Allsop online auction that was held on Tuesday 4th of November 2025.
The property comprises an investment freehold opportunity for sale.
The asking price is £320,000 - £350,000, representing a gross initial yield of 11.58%.
The property comprises an investment freehold opportunity for sale.
The asking price is £320,000 - £350,000, representing a gross initial yield of 11.58%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
497 SF
Building Class
B
Year Built
1930
Price
$427,099
Price Per SF
$859.36
Cap Rate
11.58%
NOI
$49,458
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
0.40 AC
Parking
27 Spaces (6.88 Spaces per 1,000 SF Leased)
Frontage
137’ on Westgate
AMENITIES
- Corner Lot
- Signage
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
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24 Westgate
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