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No longer on the market

This property is no longer on the market

Frontage
Frontage
Aerial View
Retail Shop
Workshop
Rear
Front
Epc

Retail property (high street)

Sold STC
Retail property (high street)
Added > 14 days

Features and description

  • Three-storey retail property currently trading as a music business available for sale
  • Energy rating C
  • Rateable value £9,500 per annum
  • Tenure Freehold
  • Currently leased from 1 April 2022 Until 31 March 2027, break point within the current lease for 1 October 2024
  • Passing rent £10,000 per annum
  • Lease available on request after viewing of property
  • Vacant possession on completion by negotiation if required
  • Double fronted retail unit to ground floor with further storage to rear
  • Retail unit to first floor, kitchen & WC
A rare opportunity to acquire this three-storey, spacious, retail unit situated on the historic, pedestrianised King Street in the centre of Melton Mowbray. Having central heating and some double glazing, the property comprises on the ground floor double fronted retail shop, back area, store room and on the first floor further retail shop area and store room, kitchen, WC. To the second floor are six individual teaching rooms (offering a variety of general uses). Outside the property has dual pedestrian access, one owned and the other right of access to a rear yard area and a double fronted separate workshop/store with ground floor and further studio storage over. There is heavy duty security shuttering fitted to the frontage.

Rooms

Main Retail Shop 19' 1" x 19' 4"
With double fronted bay window, central door and strip lighting. There is access to a cellar and sliding doors through to:

Extension to Main Front Shop
2.74m narrowing to 2.57m

Back Storage Retail Area 11' 0" x 8' 3"
With strip lighting and back door to rear yard with pedestrian access to the front.

Cellar
Having stone steps, light and power.

First Floor Landing

Toilet
Having a low level WC and wash hand basin, extractor fan and light.

Kitchen 8' 7" x 5' 5"
With window to the rear, wall mounted boiler, timer clock and programmer, single drainer stainless steel sink and worktops to side, double cupboard under, radiator, strip light to ceiling.

First Floor Retail Room 16' 4" x 14' 4"
With bay window to the front elevation.

Teaching Room/Storage Room 11' 3" x 7' 2"
Having a bay window to the front elevation and strip lighting.

Second Floor Landing
Leading to:

Teaching Room One 9' 1" x 9' 2"
With sealed double glazed sash window.

Teaching Room Two 12' 4" x 6' 3"
With sealed double glazed sash window to the rear and strip lighting.

Teaching Room Three 9' 8" x 6' 0"
Having strip lighting.

Teaching Room Four 10' 10" x 9' 7"
With window to front elevation and strip lighting.

Teaching Room Five 6' 9" x 6' 3"
Having strip lighting.

Teaching Room Six 9' 7" x 6' 7"
With window to the front, double fronted store cupboard with strip lighting over.

Outside
Having a rear yard area, outside security lighting, lean-to brick built general store, and two main pedestrian accesses to the rear of the property, one being owned by the property.

Workshop/Store
A brick built two storey fully double glazed workshop/store comprising:

Ground Floor 13' 4" x 17' 10"
Having strip light, power, wired smoke alarm, uPVC door and window, brick base flooring and a return stairs to:

First Floor 12' 7" x 17' 10"
Currently used as a studio/rehearsal room with double glazed windows to the front and strip lighting.

Lease Details
The property is let on a Partial Maintenance and Fully Insuring Lease to the current tenant who is trading as a music business. The term of the lease is 1st April 2022 until 31st March 2027 with a review and break point within the current lease for 1 October 2024. The passing rent is £10,000 per annum. A copy of the lease is available upon request after a viewing of the property. Vacant possession on completion by negotiation if required.

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About this agent

Bentons - Melton Mowbray
Bentons - Melton Mowbray
47 Nottingham Street Melton Mowbray LE13 1NN
01664 518924
Full profileProperty listings
Established over 45 years ago in Melton Mowbray by Alastair Benton, who initially set about to provide professional advice to local farmers and landowners. Over the years Bentons has grown to be one of the largest and leading estate agency and professional practices covering the East Midlands. As an independent and multidisciplined firm, we can provide an increasingly rare offering with our ability to advise clients on a diverse range of property related matters. Our offering includes residential sales and lettings, property management, agriculture and farms, commercial sales and lettings and RICS professional valuations.  We are fiercely proud to be independent and have our roots established as a family firm with traditional service values, yet at the same time offering market leading advice, practices and cutting-edge marketing. We are very much a people business and we have built our success on our personal one-to-one service, with your interests at the heart of all our advice and recommendations. Our award-winning team is comprised of over 30 professionals and highly experienced agents who really care about providing you with the best advice and ensuring your experience with us is as great as possible. Many of the team have professionally recognised qualifications to give you complete peace of mind.
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