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
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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

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

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

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.