Land and Commercial Buildings, Scalford, Melton Mowbray LE14 4PW

2.7 acres of Land with existing commercial revenue and development potential.

Offers invited in excess of £1,000,000 for the whole

Total Site area Circa 2.7 acres

Size - 2.7 Acres
Price - Offers in excess of £1,000,000 for the whole.
Business Rates - Buildings are individually rated
Legal Fees - Both parties will be responsible for their own fees
VAT - To be confirmed. VAT may be chargeable on the Commercial Investment element
EPC - EPC's will be provided within 28 Days

A mixed use investment comprising a Commercial land, Circa 1.25 Acres with Circa 6,300 Sq Ft of fully Let Buildings and addition Land of Circa 1.45 Acres with Agricultural Buildings of Circa 10,000 Sq Ft plus Development potential.

The Commercial Investment Land and Buildings have the potential to Value Engineer rent increases and there is scope for additional lettings and development on the land. The Commercial section and the Agricultural and Development area have separate accesses direct to the Public highway.

Location - Situated about a 1/4 of a mile to the East of Scalford, circa 3 miles (As the crow flies) North from Twin Lakes Entertainment park and 5 miles from the market place in Melton Mowbray. The land is surrounded by open fields.

Accommodation - Commercial Investment Land - Sitting on circa 1.25 Acres, there are 6 Commercial Units, ranging from 41 Sq m (441 Sq Ft) to 260 Sq M (2,800 Sq Ft) with a total footprint of circa 7,250 Sq Ft plus additional mezzanine space to 2 of the units. 3 of the units have Wc's. In addition to these buildings there are agreed licences for storage and there is potential to increase this substantially. The current rent roll generated by these units is circa £32,000 and a schedule of individual rents is available. I unit is occupied by the Vendor. We have not inspect the interior of these units

Agricultural Buildings - Sitting on 0.45 of an acre, there are 2 Agricultural buildings on the site with a footprint of circa 7,900 Sq ft plus additional mezzanine of 400 Sq ft and significant potential to increase this.

Undeveloped Land - Extending to circa 1 acre with it's own separate access, the land is partly hard cored being the route of a former rail line and the balance is open land with a copse beside the entrance to the site. Current discussions are ongoing for 9 residential units to be designed to replace the agricultural buildings plus new build.

Terms - Unconditional Offers are invited in excess of £1,000,000 for the Freehold of the commercial Investment area, the agricultural buildings and the undeveloped land.

It may be possible for the Commercial Investment Area to be purchased immediately with a subject to planning agreement for the balance of the land. Purchasers would be responsible for the legal costs of arranging the Option Agreement and there would be an Option fee which would be agreed at the time.