1 Norman Way, Melton Mowbray LE13 1JE

Open Viewing Monday 24 February 2025 between 1.00pm -3.00pm.

Auction Date 27 February 2025.

The National Property Auction will be broadcast live on SDL Property Auctions website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

The auction will commence at 09:00.

A substantial commercial property situated in a prominent position within Melton Mowbray Town Centre.

The property offer 6258 sqft with accommodation over two floors.

Property Description - The property offers retail, office, warehouse/workshop and ancillary space on ground floor level with further office, retail, ancillary, kitchen and male and female WCs on first floor level.

There is generous outside hard standing with perimeter walls and a vehicle entrance suitable for approximately 30+ vehicles.
Standing on a corner plot with excellent road frontage on the corner of Norman Way and Scalford Road. Local developments at the Stockyard area in Melton Mowbray will increase footfall around the Norman Way site, with a potential 10 million investment into the site.

Potential for residential conversion/development to the first floors, subject to planning.

The property benefits from gas, electricity, mains water and mains drainage and sewerage connected. Double glazed windows are present throughout with the m

Ground Floor
The property offers retail, office, warehouse/workshop and ancillary space to the ground floor.

First Floor
Office, retail, ancillary, kitchen and male and female WC's on first floor level.

Outside
Extensive outside space with parking for 30+ vehicles.

Tenure:
Vacant possession upon completion.

Utilities Information
Heating Supply: Double Glazing, Gas Central
Water Supply: Mains Supply
Sewerage Arrangements: Mains Supply
Parking Arrangements
Off Street

Auction Details - Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information - Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.