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Retail property (high street) for sale
Property description & features
- Mixed use investment opportunity
- Centre of the vibrant market town of Melton Mowbray
- Ground floor retail unit with two bedroom flat above
- Ground floor with a long term tenant in place paying £575.00 PCM
- First and second floors are a self contained flat with a tenant in place paying £650.00 PCM
- Property in good order throughout
- Double Glazed and gas central heated
We are pleased to offer to auction this mixed use investment opportunity available in the centre of the vibrant market town of Melton Mowbray. The property is offered freehold and consists of a ground floor retail unit with two bedroom flat above.
Melton Mowbray is a growing market town, currently benefitting from large housing developments to the North and South of the town and a relief road under construction.
This investment opportunity comprises a retail unit on the ground floor, with a long term tenant in place paying £575.00 PCM. This unit consists of a shop with office space to the rear, kitchen and WC facilities.
The first and second floors are a self contained flat with a tenant in place paying £650.00 PCM.
The flat has two bedrooms, fitted kitchen and bathroom, and lounge. The property is in good order, has double glazing throughout, and gas central heating.
All safety certificates etc are in place, as required on a residential tenancy.
Please note we have not inspected this property.
Rooms
Location
The subject property is located along Shepard Street in the centre of Melton Mowbray. It is close to all local amenities and has great transportation links. Melton Mowbray is a growing market town, currently benefitting from large housing developments to the North and South of the town and a relief road under construction.
Accomodation
This subject property comprises a retail unit on the ground floor which consists of a shop with office space to the rear, kitchen and WC facilities. The first and second floors are a self contained flat which has two bedrooms, fitted kitchen and bathroom, and lounge. The property has double glazing and gas central heating throughout.
Tenure
Freehold: Title Number LT370919.
EPC
To be confirmed.
Rateable Value
The adopted rateable value is £3,200 as 1st April 2023. Sourced from VOA.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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Broadband availability and predicted speed: obtained from Ofcom on March 14, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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