Get brand editions for Bentons, Melton Mowbray

Retail Property (high street) for sale

Leicester Street, Melton Mowbray, Leicestershire

Offers Over £250,000

Property Description

Key features

  • Centrally Located Freehold Building
  • Historic Mid-Terrace Property
  • Mixed Use
  • Ideal Investment Purchase
  • Fully Let with 15,380 Income pa
  • Refurbished Accommodation
  • Ground Floor Retail Use
  • Two Flats
  • Parking Nearby
  • Rear Courtyard

Full description

Tenure: Freehold

A superb refurbished and historic freehold property for sale. An investment property comprising a centrally located shop premises, with a self-contained first and second floor flat situated on Leicester Street adjacent to Wilton and Egerton Park. The building has been reroofed and updated internally and is fully let to three individual tenants providing an annual income of £15,380. The ground floor shop offers 419 sq. ft of retail space, currently let to a nail bar. The first floor flat has two bedrooms with the second floor flat having two interconnecting bedrooms. Externally there is a shared courtyard to the rear of the premises. Parking is available close by at Parkside and Burton Street.

Location

Melton Mowbray is a thriving market town offering excellent local shopping and schooling facilities with the added benefit of being within easy commuting distance of the surrounding centres of Leicester, Nottingham, Loughborough, Grantham, Oakham and Stamford. Superb private schooling is available at nearby Oakham in addition to the Loughborough Endowed Schools, Ratcliffe College and Leicester Grammar School. The town is situated on the Leicester/Peterborough/Stansted railway with an excellent intercity service to London available from both Grantham and Leicester (approximately 1 hour).

Directions

Leaving Melton Mowbray along Sherrard Street turn left and then immediately right into Leicester Street (along the one way system) and the property can be found situated on the left hand side just before the traffic lights.


Ground Floor Shop 
A refurbished ground floor retail premises currently let to 'Melton Nail Bar' for £5,000 per annum. The ground floor space has a main entrance door on Leicester Street with large glazed windows and a second entrance door from the side passageway. The shop is 419 sq. ft. and comprises one large retail sales area, a kitchen and ground floor WC. The shop is let on a 3 year contract which commenced in February 2017.

Main Retail Shop 
22' 4" x 14' 10"
With wood laminate flooring, two large glazed windows to the front elevation and central glazed door, fire escape and access to the side, step to a platform with access through to the kitchen.

WC 
5' 0" x 4' 1"
Having a two piece white suite comprising wash hand basin and WC, tiled splashbacks to the walls and wall mounted Triton electric heater.

Apartment One 
Accessed to the rear of the shop with a private door and communal entrance hallway to both the first and second floor flat. Flat One is located on the first floor and comprises:

Lounge/Diner 
14' 7" x 12' 9"
With carpeted flooring, electric heater and space for both seating and dining. Open plan through to:

Kitchen 
9' 5" x 8' 11"
Fitted with modern wall and base units with laminate work surfacing with an inset stainless steel sink. Integrated electric oven and induction hob with extractor fan over. Tiling to the walls, vinyl flooring and French doors out to a Juliet balcony enjoying elevated views out towards the park

Bedroom Two 
9' 0" x 7' 8"
Accessed via the lounge, this small double bedroom has a sash window to the front, electric radiator and carpeted floor.

Apartment Two 
Located on the second floor with access via the communal landing into an entrance hall, doors off to living/dining/kitchen.

Kitchen Area 
8' 11" x 8' 10"
Fitted with modern wall and base units with built-in electric oven, hob and extractor fan, space for further appliances, sink with neutral tiling to the walls and vinyl flooring. The kitchen area has French double glazed doors and Juliet balcony with elevated views towards the Park, vinyl flooring and opening through to the dining area.

Lounge/Dining Area 
15' 1" x 8' 0"
With carpeting and a wall mounted electric heater.

Bathroom 
6' 7" x 6' 7"
Fitted with a white suite comprising panelled bath, wash hand basin, WC, electric heater, tiling to the walls and vinyl flooring.

Bedroom One 
11' 6" x 10' 0"
With an attractive sash window to the front elevation, electric heater and carpeting, opening through to dressing room/office.

Dressing Room/Study 
8' 10" x 7' 9"
With sash window to front elevation, carpet and electric heater. Please note, this would make an ideal second bedroom but currently has no independent access, however, we believe it would be possible to create an independent access into this room from the lounge area.

Agent's Note 
All three elements of the property are fully let. The two apartments are let on 6 months Assured Shorthold Tenancies with the ground floor let under a Commercial Lease until February 2020. For further details please contact Bentons' office on 01664 563892.

Outside - Rear 
There is a communal block paved courtyard for ease of maintenance which is shared between the two apartments. The property does not have any allocated car parking, however, there are a number of public car parks located within close proximity at Parkside and Burton Street.

More information from this agent

Nearest station

  • Melton Mowbray (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bentons, Melton Mowbray

47 Nottingham Street Melton Mowbray Leicestershire, LE13 1NN

01664 900110 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Bentons, Melton Mowbray

47 Nottingham Street Melton Mowbray Leicestershire, LE13 1NN

01664 900110 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Melton Mowbray (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bentons, Melton Mowbray

47 Nottingham Street Melton Mowbray Leicestershire, LE13 1NN

01664 900110 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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