Norman Way, Melton Mowbray
Size
6,258
Tenure
Freehold
EPC
Parking
30
- Primary use
- High street retail
- Other use(s)
- Warehouse, Traditional office, High street retail
- Frontage
- Ask agent
No floor / site plan
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Parking
- Transport links
- Air conditioning
- Central heating
- Partitioned offices
- Wifi
- Kitchen
- Twenty four hour access
Key features
- Substantial detached commercial building
- Approx. 6,258 sq ft over two floors
- Retail, office and warehouse/workshop space
- Prominent corner plot in Melton Mowbray town centre
- Walled yard with parking for 30+ vehicles
- Let on a 25-year lease at £40,000 per annum
- Under half a mile from Melton Mowbray station
- Freehold investment, approx. 7.3% gross yield
- EPC rating D
- Viewing strictly by appointment only
Description
Occupying a prominent corner plot at the junction of Norman Way and Scalford Road, the property enjoys excellent road frontage and visibility, and sits less than half a mile from Melton Mowbray railway station.
The Property
Extending to approximately 6,258 sq ft across two floors, the building offers a flexible mix of accommodation:
Ground floor: retail, office, warehouse/workshop and ancillary space
First floor: further office, retail and ancillary space, together with a kitchen and separate male and female WCs
Outside, a generous walled yard with vehicle access provides off-street parking for approximately 30+ vehicles. The site extends to approximately 0.14 acres.
The building is connected to mains gas, electricity, water and drainage, with gas central heating and double glazing.
The Opportunity
The property is currently let to a tenant on a 25-year lease at a rent of £40,000 per annum, reflecting a gross initial yield of approximately 7.3% at the asking price. This makes it an attractive income-producing investment for private and institutional investors alike. Longer term, the first floor also offers potential for residential conversion, subject to the necessary planning consents and the terms of the lease. Ongoing development around the Stockyard area of Melton Mowbray is expected to bring further footfall to the Norman Way location.
Tenure
Freehold, sold subject to the existing 25-year lease at £40,000 per annum.
EPC rating: D
Viewing
Viewing BY APPOINTMENT ONLY with the Agents Hauseit Commercial Property Marketing. Let freehold town centre buildings of this size with substantial parking are rarely available, so early viewing is highly recommended. NO TIME WASTERS PLEASE
- Service charge
- Ask agent
- Business rates
- Ask agent
- Use class
- E
- Listed building
- Ask agent
- Floors in building
- 2
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements
- BREEAM rating
- Ask agent
- Environmental description
- Ask agent
Brochure
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