Under Offer

TypeRetail Investments · Assured Shorthold Tenancies

NG34 9-17 Northgate, Sleaford

TenureFor sale

9-17 Northgate, Sleaford, NG34 1/9

Specification

Building size
Building size 6,206 sqft
Property type
Property type Retail Investments · Assured Shorthold Tenancies
Tenure
Tenure For sale

Description

The property comprises a substantial block laid out to provide 2 commercial ground floor retail units, a small suite of offices on the upper floors above and 5 residential units above and to the rear, which are a mix of houses, maisonettes and flats, served off a large and attractive outside space.

There is also some additional accommodation within the range of buildings to the rear, which would convert into 2 further residential units with an attractive outlook over the rear yard.

Access into this rear yard is taken from a passageway from Northgate, under the upper floors of 9 Northgate.

The period buildings are constructed from a mix of stone and brick, under slate or clay pantile roofs.

The ground floor units both have double fronted timber and glazed shop fronts directly abutting Northgate. They are let to long established occupiers, one of which is a hairdressers and, the other, a bridal shop.

Retail, office & residential investment

NIY around 10%

Prominent market town location

Location

The property enjoys a prominent location within the heart of the attractive and popular Market Town of Sleaford, on the western side of Northgate, the main route into the town centre from the A17/A15 Holdingham roundabout.

The surrounding area is very much mixed use in character with a good range of local, regional and national retailers and occupiers nearby.

Sleaford is a popular South Lincolnshire Market Town situated at the junction of the A15 and the A17 roads, with a population of about 18,000 and a catchment of about 25,000.

It is the administrative centre of the North Kesteven District and provides the base for the main headquarters of Interflora. It is also provides a wide range of local amenities including Tesco, Sainsbury's, Lidl and Aldi Supermarkets and is the home of Carres Grammar and Kesteven and Sleaford High School, which are regarded as two of the best selective academy schools in Lincolnshire.

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