Iconic Grantham Nightclub Building Up For Sale
The popular three-storey building which houses Gravity nightclub in Grantham's Market Place is now on the property market. Estate agents Savills have opened up the building to offers exceding the £500,000 mark.
The Sale
It should be noted that whilst the building itself is up for sale, the nightclub and its associated bar business operations will not be affected by any changes in ownership. The ongoing business activities will remain unaffected, ensuring a seamless transition for clientele.
Property Layout
The ground floor of this expansive property houses an entry reception that leads into an open plan bar complete with a dancefloor at the rear. The layout allows for fixed and free-standing seating alongside bars at both ends of the room. Amenities on this floor include a beer cellar, cloakroom and an accessible toilet for disabled patrons.
The first floor offers more than just customer toilets. This level contains self-contained living accommodations which consist of two en-suite bedrooms, a fully equipped kitchen, a lounge, and an additional bathroom.
The Nightclub
Operating from 11 pm until the early hours of the morning on Fridays and Saturdays, the second floor of the nightclub is primarily used for storage purposes.
Tenancy Details
According to Savills' listing, the entire property is currently under a 20-year lease held by a private individual. This lease began on November 10, 2015 and demands a yearly rental fee of £56,927. Notably, the rent is subject to open market reviews every five years and uncapped annual RPI increases.