Norman Way, Melton Mowbray

Hauseit Commercial Property Marketing are pleased to present this SUBSTANTIAL DETACHED COMMERCIAL BUILDING on Norman Way, Melton Mowbray Town Centre — a rare freehold investment opportunity, sold subject to an existing 25-year lease producing £40,000 per annum.

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