47 High Street, Oakham LE15 6AJ

Mixed residential and commercial property

Oakham High Street Location

£650,000 (no VAT)

Price - £650,000
VAT - Not applicable
EPC - Commercial - C(59)
EPC - Residential 47a = D
EPC - Residential 47b = C
Car Parking - 2 spaces to the front allocated to the commercial space
Legal fees - Each party to bear their own costs
Rateable value - £22,500 ( Ground Floor Retail)

The property comprises of a double fronted retail unit, plus and enclosed yard, together with 2 self contained flats, above and at the rear. Off road parking is available on a private pavement area on the frontage.

Location - Oakham is a popular Market town and the County capital of Rutland, the smallest County in the UK. Well positioned in the Midlands close to the A1 at Greetham/Stretton with good access to other popular market towns, Stamford, Melton, Grantham and Uppingham all within 15 miles, and cities to include Peterborough and Leicester within 20 miles away. Motorway access is circa 20 miles West at Junction 21a, via the A46 from Melton Mowbray.

Planning - We are advised that the current planning use for the property is Class E, with C3 residential use. We believe the property would suit a variety of uses, subject to planning.

Income - The property is available freehold, subject to the following tenancies:

Ground Floor Retail: Let to Peter and Julie Cox T/A Carpet World. Let at £25,000 pax on an effective Internal Repairing and Insuring lease expiring on the 30th November 2025. (notice to not renew has been received and will be vacant from 1st December 2025)
47A - Let on an AST at £800pcm (£9,600 pa)
47B - Let on an AST at £650pcm (£7,800 pa)