Commercial development for sale

Melton Mowbray is a growing market town, currently benefitting for large housing developments to the North and South of the town and a relief road under construction.

Located 20 miles from Nottingham and 17 miles from Leicester the town offers good schools and has a reputation as the Rural capital of food. With an active livestock market and twice weekly markets in the town centre, it is a draw to many of the surrounding villages including the Vale of Belvoir.  

The site occupies a prime location on Wilton Road in the town centre, opposite a large car park, the town library and is neighboured by an accountants and a Wetherspoons pub. Much of Melton Mowbray is protected under a conservation area however, this site is not included in that area. 

The site area is approximately 0.3 of an acre. The building comprises of a ground floor of 226 sqm / 2436 sqft, a first floor of 226 sqm /  2436 sqft and basement level. The building is in good secure order, completely vacated. A full virtual tour is available on request. 

The car park area is large enough for 30 vehicles. There is clear access onto Wilton Road from the car park. 

The building and the parking area are currently subject to a lease with Barclays Bank until 21/3/26. The current rent is £30,000 pa, the premises are now unoccupied and Barclays have put forward offers to surrender the lease sooner.

Benefits to the new owner include - rent paid until 21/3/2026 or potential to negotiate a payment from Barclays to surrender the lease early.

Pre-application planning enquiries have been submitted previously to extend the building and offer 10 residential apartments and two commercial units. These were met with a positive response from Melton Borough Council and full plans and responses are available upon request. It is believed that the site would be suitable for a full residential development, subject to planning approval. Residential properties close to the town centre with parking available are in short supply.

Viewings are available to fully appreciate the potential of this site.

Business Rates for this site are currently £25,500.

VAT is not payable on the rent and therefore not on the purchase price.
 

Belvoir and our partners provide a range of services to buyers, although you are free to use an alternative provider. For more information simply speak to someone in our branch today. We can refer you on to The Mortgage Advice Bureau for help with finance. We may receive a fee of £200 + VAT, if you take out a mortgage through them. If you require a solicitor to handle your purchase, we can refer you on to Move With Us Conveyancing. We may receive a fee of £200 + VAT, if you use their services. We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.