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SOLD STC

Park Road, Melton Mowbray, Leicestershire

Guide Price
£300,000

£418.41 per sq ft

Business rates & charges may apply

Bentons Commercial, Melton Mowbray
SIZE AVAILABLE

717 sq ft

67 sq m

SECTOR

High street retail property for sale

Key features

  • Thriving Coffee/Sandwich Bar
  • Energy Rating D (Top Flat)
  • Energy Rating E (Cafe)
  • Mixed Commercial & Residential Use
  • Two Large Seating Areas with 30 Covers Internally and 12 Covers Externally
  • Large Two Bedroom Duplex Apartment
  • Situated in the Heart of Melton Mowbray
  • Business Turnover £215,555
  • Detached Freehold Opportunity
  • Superbly Maintained and upgraded

Description

Off the Beaten Path comprises a thriving coffee and sandwich bar with a large first floor two bedroom duplex apartment offering an exciting mixed commercial and residential opportunity. Situated within the heart of the bustling market town of Melton Mowbray, the property offers an immaculately maintained premises comprising a coffee bar serving hot food and sandwiches with attractive bright cafe area providing 30 covers internally and 12 externally. In addition are serving and preparation areas, large pantry store and two WC's. Above the cafe is a first floor two bedroom duplex apartment, with separate access, providing ideal living accommodation or a rental investment, currently let for £8,340 per annum. In all, an exciting opportunity for those wishing to continue an existing business with residential possibilities or to change the building into a new venture (subject to the necessary permissions). The property is being sold as a going concern and has an annual turnover of £215,555 with three part time employees and four Saturday/holiday staff only employees. The cafe is currently open during the day only, however there are no restrictions that we are aware of as to the opening hours and therefore believe they could be extended into the evening or for longer hours if so desired.

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 and Stamford. 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). Superb private schooling is available at nearby Oakham in addition to the Loughborough Endowed Schools, Ratcliffe College and Leicester Grammar School.

Accommodation

The property is entered via a part glazed door into the coffee shop/sandwich bar.

Coffee Shop/Sandwich Bar

32' 5" x 16' 9"

Having a large glazed shop frontage, with a large glazed window to each side of the entrance door, there are two external electronically operated awnings above each window for shade in summer months. Within the cafe are four ceiling fans together with air conditioning units to both to customer seating areas and kitchen areas, exposed oak flooring and four radiators which runs off a recently replaced Worcester Bosch boiler.

Serving Area

Fitted with a range of base units together with circular stainless steel sink and taps inset within a range of Corian style work surfacing with space for numerous under-counter fridges, a large cake fridge and integrated bins. Oak staircase leading up to:-

Top Kitchen/Preparation Area

12' 6" x 14' 4"

An extensive range of stainless steel fitted units, worktops and splashbacks to the walls. Two large stainless steel sinks and two further hand wash sinks, gas hob, built-in salad chiller, fridges, oven and a range of further appliances (Full list of fittings and appliances to be included in the sale annexed hereto). Recently fitted Worcester Bosch boiler, double glazed sky light, recessed spotlighting to ceiling and tiled floor. Door off into:-

Lobby Area

Having doors into useful storage cupboard and pantry store, tiled flooring and doors off to two separate customer/staff toilets.

Toilets

Both fitted with a white two piece suite comprising wall mounted wash hand basin and low flush WC, partial wall tiling, radiator, tiled flooring, extractor fan and wall mounted fitted cupboard.

Pantry/Store

Having a range of fitted shelving, concealed spotlights, double glazed sky light, tiled flooring and side access to external passage.

Apartment (8a Park Road)

A timber panelled gate provides access to a first floor apartment (the access is owned by Off the Beaten Path with Apartment 8a having a pedestrian right of way).

First Floor Hallway

Having uPVC double glazed window to rear elevation, door into storage space, return staircase to a second floor bedroom. Doors off to:

Open Plan Living/Dining/Kitchen

32' 1" x 11' 0"

Living Area

Having double glazed window to front elevation, concealed spotlights to ceiling, radiator, telephone point and opening into:-

Dining Kitchen

Fitted with a comprehensive range of contemporary high gloss white base and wall mounted units, to include a large central island with space for stools beneath. Integrated appliances to include Samsung four ring halogen hob with extractor fan over, fan assisted oven, Beko fridge and freezer. Complementary tiling to the walls, spotlights to the ceiling, two radiators, double glazed window to the front elevation together with uPVC double glazed window to rear.

Bedroom

10' 9" x 10' 8"

A large double bedroom accessed via an oak door from the sitting room area with uPVC double glazed window to rear elevation, spotlights to the ceiling and radiator.

Shower Room

10' 8" x 5' 11"

Fitted with a white three piece suite comprising fully tiled twin shower cubicle with drench shower head, wall mounted wash hand basin and low flush WC. Full height tiling to all walls, chrome ladder style heated towel rail, high gloss unit housing the gas combination boiler, exposed oak flooring and uPVC double glazed window to rear elevation.

Second Floor

Approached by a feature contemporary staircase from the first floor landing.

Bedroom One

9' 9" x 19' 7"

Accessed directly from the staircase, there is a double glazed skylight, radiator, spotlights to the ceiling, smoke alarm and door into insulated roof space.

Services

We understand that the property has the benefit of connection to services including gas, electricity and water. The property has a rateable value of £8,340 per annum, however the current business has the benefit of a small business rate relief.

General Information

The quoted Guide Price of £365,000 is for the Freehold interest in the building to include the ground floor cafe and first and second floor duplex apartment, the goodwill of the business and fixtures and fittings throughout the cafe. An inventory of the fixtures and fittings and equipment can be made available upon request. The annual turnover of the business in 2022-23 was £215,555 with an additional £8,340 per annum from the apartment rental which is let on an AST. Current hours of business are Monday – Thursday 8.30am – 3pm and Saturday 8.30am - 3pm. The business currently employs three part time employees and four Saturday/holiday staff only employees. Stock is in addition to the asking price and is usually in the region of £2,500.

Agents Note

Three years accounts are available on request.

Extra Information

To check Internet and Mobile Availability please use the following link: checker.ofcom.org.uk/en-gb/broadband-coverage To check Flood Risk please use the following link: check-long-term-flood-risk.service.gov.uk/postcode

Energy Performance Certificates

Commercial EpcEPC Rating Graph

Brochures

Park Road, Melton Mowbray, Leicestershire

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Melton Mowbray Station0.4 miles

About Bentons Commercial, Melton Mowbray

47 Nottingham Street, Melton Mowbray, LE13 1NN

Bentons commercial department specialise in providing clients with well-considered and up to date property advice for a wide range of requirements. We work closely with our clients needs and have excellent local knowledge and experience within our area.

The commercial team consists of Melissa Hopson MRICS and Maria DiGioia LLB who can provide clients with a broad range of commercial property services and advice.

Our Commercial service offering includes:

Commercial valuations for Sale, Rental and Pension funds

Land and Property Sales, Lettings and Acquisitions

Landlord and Tenant Advice

Commercial Property Management across all sectors

Investment Acquisition

Disposal Advice

RICS Red Book valuations

Valuations for Secured Lending

Notes

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Disclaimer - Property reference BNT221147. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bentons Commercial, Melton Mowbray. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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