Property overview

Dunelm, South Parade, Grantham NG31 6HT

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Jul 2022

AP Investment has recently completed the sale of a single let retail warehouse investment in Grantham let to Dunelm on behalf of a private client.


Located on a large site incorporating an adjoining Aldi store (held on a long leasehold). The unit extends to 23,967 sq ft with 85 car spaces.


Dunelm occupy their unit on a 25 year lease from August 2001. Their rent reflects £7.00 per sq ft.


Aldi have a sub long leasehold interest until 2116 and are paying £17,500 per annum.


The property is held on a long leasehold basis with a current ground rent of £42,500.  The investment was sold for £1,660,000 reflecting 8.1% off the net rent of £142,750.


ESH acted for the purchaser.


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