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43 & 47 Burton Street, Melton Mowbray LE13 1AF

Guide Price
£200,000

£132.01 per sq ft

Business rates & charges may apply

Shouler & Son Commercial, Melton Mowbray
SIZE AVAILABLE

1,515 sq ft

141 sq m

SECTOR

Leisure facility for sale

Key features

  • Freehold town centre investment
  • Freehold Sale £200,000.00
  • Ground floor restaurant premises producing an income of £15,000 per annum
  • Upper floor flats sold on a long leasehold interest for a term of 80 years
  • Current income from residential element limited to a peppercorn ground rent
  • Well-established commercial and retailing location
  • Suitable for private investors, family offices and SIPP purchasers
  • Attractive period building

Description

An attractive town centre freehold investment comprising a ground floor restaurant premises with residential accommodation above. The property occupies a prominent position on Burton Street, one of Melton Mowbray's principal town centre thoroughfares, within easy walking distance of the railway station and town centre amenities. The building is understood to be of Georgian origin and provides a mixed-use investment opportunity with reversionary potential from the upper parts.

DESCRIPTION

The property comprises a mixed-use town centre building arranged as a ground floor commercial unit with residential accommodation above.
The ground floor is occupied by a restaurant tenant generating a current passing rent of £15,000 per annum.

The residential upper floors have been granted on a long leasehold basis to a developer for a term of 80 years and currently produce only a peppercorn rent. The purchaser will therefore acquire the freehold interest subject to the occupational lease of the restaurant and the long leasehold residential interest.

The property benefits from a prominent trading position within the heart of Melton Mowbray town centre, surrounded by a mixture of independent retailers, restaurants, cafés and professional occupiers. Burton Street is regarded as one of the town's principal commercial streets and enjoys strong pedestrian footfall.

•Freehold town centre investment.
•Prominent frontage to Burton Street.
•Attractive period building.
•Ground floor restaurant premises producing an income of £15,000 per annum.
•Upper floor flats sold on a long leasehold interest for a term of 80 years.
•Current income from residential element limited to a peppercorn ground rent.
•Potential future reversionary value from the residential long leasehold interest.
•Well-established commercial and retailing location.
•Close to Melton Mowbray railway station.
•Nearby public parking and town centre amenities.
•Suitable for private investors, family offices and SIPP purchasers.

Brochures

43 & 47 Burton Street, Melton Mowbray LE13 1AF

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Melton Mowbray Station0.1 miles

About Shouler & Son Commercial, Melton Mowbray

County Chambers, Kings Road, Melton Mowbray, LE13 1QF

Our team of commercial experts deal with the sale, letting & management of all types of commercial property & land throughout the area.

Harry Baines (Partner) MRICS (Registered Valuer) and Edward Danby, are based at our head office in Kings Road and are ready to assist you with your enquiries.

Our successful commercial department is involved in the letting and sales of shops, offices and industrial property in towns and rural areas around Melton, Grantham and Oakham. Shouler & Son is a long established and well respected name and from this base, we aim to be the first point of call for any commercial property matter.

Shouler & Son are a natural partner for national firms requiring a locally based joint agent as we are recognised for the highest level of expertise within the market sector. As a primary agent within the region, we are connected nationally to UK firms and agencies, receiving enquiries directly and through a network of national property societies, organisations and prominent internet presence.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 31062375. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Shouler & Son Commercial, Melton Mowbray. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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