12 Nottingham Street Melton Mowbray Leicestershire LE13 1NW

12 Nottingham Street
Melton Mowbray
Leicestershire
LE13 1NW

Freehold Retail Investment

  • Let to Partners The Stationers Limited (t/a Ryman) until 2025 (subject to option)
  • Tenant in occupation since at least 1989
  • Town centre location close to the Bell Centre and St Mary’s Way Public Car Park and bus stops
  • Nearby occupiers include Pandora, Argos, M&Co, The Edinburgh Woollen Mill and Wilko
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    36
  • Auction
    11th February 2016
  • Rent
    £29,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £405,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to Partners The Stationers Limited (t/a Ryman) until 2025 (subject to option)
  • Tenant in occupation since at least 1989
  • Town centre location close to the Bell Centre and St Mary’s Way Public Car Park and bus stops
  • Nearby occupiers include Pandora, Argos, M&Co, The Edinburgh Woollen Mill and Wilko
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 36
  • Auction 11th February 2016
  • Rent
  • Status Sold
  • Price £405,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
15 miles north-east of Leicester, 15 miles east of Loughborough, 19 miles south-east of Nottingham
Roads
M1, A606, A607, A46
Rail
Melton Mowbray Railway Station
Air
East Midlands Airport
Situation

Melton Mowbray is an affluent and historic market town. The property is situated on the east side of Nottingham Street and adjacent to the Bell Centre, with a pay and display car park to the rear of the property accessed from St Mary’s Way. Nearby occupiers include Pandora, Argos, M&Co, The Edinburgh Woollen Mill and Wilko.

Tenure

Freehold.

Location
Miles
15 miles north-east of Leicester, 15 miles east of Loughborough, 19 miles south-east of Nottingham
Roads
M1, A606, A607, A46
Rail
Melton Mowbray Railway Station
Air
East Midlands Airport
Situation

Melton Mowbray is an affluent and historic market town. The property is situated on the east side of Nottingham Street and adjacent to the Bell Centre, with a pay and display car park to the rear of the property accessed from St Mary’s Way. Nearby occupiers include Pandora, Argos, M&Co, The Edinburgh Woollen Mill and Wilko.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from rear parking accessed from St Mary’s Way.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from rear parking accessed from St Mary’s Way.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Ground
First
Retail
Ancillary
175.93 sq m
36.39 sq m
(1,894 sq ft)
(392 sq ft)
PARTNERS THE
STATIONERS LIMITED
(t/a Ryman) (1)
10 years from 29/09/2015 (2)
on a full repairing and
insuring lease
£29,500 29/09/2020
(28/09/2025)
Totals  
212.32 sq m
(2,285 sq ft)
    £29,500

(1) Ryman Limited is the parent company of Partners The Stationers Limited. For the year ending 29th March 2014, Ryman Limited reported a turnover of £130,622,000, pre-tax profits of £7,673,000 and a total net worth of £41,439,000. (Source: www.riskdisk.com 11/01/2016). Ryman operates from over 200 stores nationwide (Source: www.ryman.co.uk).
(2) The lease provides for a tenant option to determine the lease on 29th September 2020 on providing 6 months’ prior written notice and subject to a penalty of £3,687.50.

Property Documents

  • Site Plan
    Updated Date
    14.11.19
    File Size
    91 KB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.19
    File Size
    591 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Russell-Cooke LLP 8 Bedford Row
London
WC1R 4BX
Kathrin McClintock 0207 440 4834Kathrin.McClintock@Russell-Cooke.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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